America's 'greatest economic philosopher' is a simpleton ..

[NRKofOver]

The fallacy with American 'free-market' economists is that they don't believe in a free market. Unions are simply an outgrowth of a free market. It's an attempt of people to solidify and even monopolize the capital in order to secure their own wealth and personal benefits. That's free market capitalism, but free market capitalists want no part of such a system. They want a system that is designed to insure the proliferation of an upper class, who is better educated (because of their economic control), more politically influential (because of their economic control), and in the pockets of all the powers-that-be (because of their economic control).



Free market means free market. There are no rules. But unforutanately the people who support such systems have never believed in them and never will.

My music for the disenchanted masses

[questionnaire]

... according to British economists writing in the Observer newspaper.



"Francis Fukuyama has decided that the market isn't the answer to everything after all, and in a recent article gives a long list of reasons why. A lot of them seem to repeat the substance of first-year economics courses I was taught, and which I taught to others, from the 1960s to the 1980s." - John Old, Nuneaton.



"One can only marvel at how Francis Fukuyama, 'the world's foremost economic philosopher', has only just realized that a stateless policy of outlaw economics will not protect his property from other, equally aggressive outlaws. More baffling, Fukuyama has yet to grasp that 'free' markets ultimately depend on nation-states to maintain the currencies, contracts and property-rights that the good professor takes for granted." - David Thompson, Sheffield.



It's amazing how simpletons become lauded as gurus in market societies full of naive, uneducated people, isn't it? Oh well, in the land of the blind the one-eyed man is king.