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To: cdcdawg
a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, ... expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.

He really doesn't seem to understand the Invisible Hand. No goodness required.

OTOH, putting power to control the economy into human hands DOES require "crude and naïve trust in the goodness of those wielding economic power."

32 posted on 12/02/2013 8:49:01 AM PST by Sherman Logan
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To: Sherman Logan
Should point out that an efficient command economy requires belief not only in the "goodness" of those tasked with the commanding, but also that they will have the required wisdom and knowledge.

What is crude and naive is to assume that any group of humans can be trusted with such power.

33 posted on 12/02/2013 8:50:42 AM PST by Sherman Logan
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To: Sherman Logan

Exactly! The “market” is neither good nor evil. Much the same goes for gravity. Things cost what they cost, and to have one thing is to necessarily forgo another.


37 posted on 12/02/2013 8:58:29 AM PST by cdcdawg (Be seeing you...)
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