Some of our more "liberal" members have been decrying capitalism for years, while us conservatives have been saying that we don't actually have capitalism. Lets let someone smarter than the rest of us combined explain it.
I never would have imagined that Ragnar could look and sound so reasonable on camera.
More absolutist crap. Anyone who says or thinks that unbridled ANYTHING is the one true way is a fanatic, pure and simple, no matter how thoughtful they appear.
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"There is nothing, absolutely nothing, half so much worth doing as simply messing about in boats". The Water Rat from The Wind In The Willows
Sailing for 40 years in the Pacific, Atlantic, Caribbean but mostly Georgia Straight.
Currently own a Columbia 43.
The director of undergraduate studies in the economics department of Harvard University. Full time phd, part time right wing fanatic.
Perhaps SJB knows more about economics than he does. Please enlighten us.
Obviously I don't know more about economics but I do know, from a lifetimes experience, about people who claim that ANY sort of absolute, be it sociological, political, economic or whatever, is the true way. They are always either invested in their view or fanatics or both.
Has this guy ever held a REAL job or is he an academic lifer who has never set foot outside the ivory tower?
Milton Friedman was a highly qualified economist and a lot more famous than this guy and look at his theories - he was happy to help the Generals in Chile and IIRC the Colonels in Greece - I'd say that qualifies as fanaticism.
And since when did the right wingers here start using academics to prove their point? I thought they were one of the primary causes of your slide into rack and ruin.
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"There is nothing, absolutely nothing, half so much worth doing as simply messing about in boats". The Water Rat from The Wind In The Willows
Sailing for 40 years in the Pacific, Atlantic, Caribbean but mostly Georgia Straight.
Currently own a Columbia 43.
How can one know if unbridled capitalism works or not? The closest that's come to it is Hong Kong and as I recall, they did pretty well there.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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How can one know if unbridled capitalism works or not? The closest that's come to it is Hong Kong and as I recall, they did pretty well there.
I'm sure all those workers living in the floating slums or stuffed with their families into tiny apartments would agree with you.
I have known, lived with and worked with a large number of people from Hong Kong. They all had one thing in common - they'd go there to make money and as soon as they had enough they got the h3ll out and came back to Canada.
If your idea of a desirable society or place to live is based ONLY on how easily and quickly one can make money AND you are one of the lucky ones who is smart enough or talented enough or ruthless enough or crooked enough to succeed in that sort of environment and not one of the ones that ends up living on a leaky junk in the harbour, then you are probably right - unbridled capitalism is just great. I imagine the members of the politburo and government in the USSR thought that communism was just great too.
Also, I would think that Britain during the Industrial Revolution and Victorian age would qualify as a pretty good example of uncontrolled, unregulated capitalism - ever read Dickens? Real nice world to live in.
Thankfully, more of us think not and seek less extreme solutions.
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"There is nothing, absolutely nothing, half so much worth doing as simply messing about in boats". The Water Rat from The Wind In The Willows
Sailing for 40 years in the Pacific, Atlantic, Caribbean but mostly Georgia Straight.
Currently own a Columbia 43.
Obviously I don't know more about economics but I do know, from a lifetimes experience, about people who claim that ANY sort of absolute, be it sociological, political, economic or whatever, is the true way. They are always either invested in their view or fanatics or both.
Where exactly did he advocate for NO regulation at all? What he spoke about was the fact that some businesses try to use government to regulate their competition out of business. In fact at the 1:05 mark he said that many regulations are not in the interest of consumers. This is not the same as saying that all regulation is bad.
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Has this guy ever held a REAL job or is he an academic lifer who has never set foot outside the ivory tower?
Straight from the ivory tower. I thought liberals would be able to relate.
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Milton Friedman was a highly qualified economist and a lot more famous than this guy and look at his theories - he was happy to help the Generals in Chile and IIRC the Colonels in Greece - I'd say that qualifies as fanaticism.
Your point?
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And since when did the right wingers here start using academics to prove their point? I thought they were one of the primary causes of your slide into rack and ruin.
Many academics are, but not all. Just because someone is an academic doesn't mean we should automatically discount what they say, doing so would be living in a world of absolutes.
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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. John USYacht 27 "Cora Lee"
Many academics are, but not all. Just because someone is an academic doesn't mean we should automatically discount what they say, doing so would be living in a world of absolutes.
Oh I agree completely. Doesn't mean THIS guy is worth listening to, but the concept is sound. I look forward to this concept catching on across conservatism
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