nice quote
"So what is Adam's Fallacy?
It is the claim, according to Foley,
that the pursuit of
self-interest
which is morally problematic
in most human interactions
is unambiguously socially beneficial n the context of competitive market interactions"
Dipankar Basu
it occurs to me
those who say lassisez
are doing just fine
and lay off
for winners the state intervening is bad news
what creates the state for them
is its ability to co ordinate the exploitables
by the cult of law abidence and
the club of law enforcement
those moments when the state must
suppress
the mass of exploitables
show the class dictatorship's
resort to naked force
is occasioned
in gliberal dream story
by
nothing so much as
biz elite stupidity and ignorance
we can have more of both
more wages
and
more profits
forcible
redistributions
between classes
are un necessary
keynes is the patron saint of the social market dream realized
and yet if the trans nats
see a global oppen door .....
then the level of co ordination failure is no longer at the level
of the nation state
but at the level of the whole planet
where keynes contradicts prof max flat out
to be continued...maybe
errr
in some for or other