Friday, January 11, 2008

The Invisible Hand

Regarding the economy and it's current state, I am reminded of this quote (one of my favorites) from John Maynard Keynes:
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
Not that I'm anti-capitalism, per se -- I just feel rather strongly that capitalism is an economic tool, not a religion. It should be tweaked with regulation to prevent EXACTLY the kind of greed-fueled shit that has created this and every preceding economic crisis.

Somehow US capitalism has become alternately a mandate and an excuse for criminally bad behavior.

2 Comments:

Anonymous pablo carpintero said...

Right you are !

9:38 AM, January 12, 2008  
Blogger Logic101 said...

Sure seems like it, eh?

:-)

2:36 PM, January 12, 2008  

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