What He Said
I’ve long argued that the problem with economic libertarianism is that it ignores basic human nature, more specifically the tendency of people to strongly value their short-term wants and needs over their long-term best interests, such that they will favor the former heavily over the latter, and do so in ways that are harmful not just to their own best interests, but to the best interests of the economy as a whole.
E-Mart makes the case far beyond my poor power to add or detract. Go read.
December 12th, 2008 at 12:59 am
Better to let the economy crumble, I suppose. That’ll teach ’em!
December 12th, 2008 at 11:05 am
So your point is that markets reward altruism? How?
December 12th, 2008 at 12:26 pm
Number 9:
Come back when you graduate to a seventh grade reading comprehension level. 😉
December 12th, 2008 at 1:47 pm
Come back when you graduate to a seventh grade reading comprehension level.
As interpreted by a Social Democrat?