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It might, just might, work if ownership was indeed widely distributed, but (i) we know very well that this is not the case (wealth distribution is even more unequal than income distribution, inevitably), and (ii) it does away with the safety net role which is the core role of the State.

Basically, the 'reform' model only works is everybody is above average. After all, that has been made to work for CEO remunerations (who all get their "above average" remuneration packages which nicely contribute to an upward spiral)...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Jun 5th, 2006 at 06:53:35 AM EST
[ Parent ]
BTW, I recall you had a diary on this subject, which I wanted to link for newer readers, but can't find it.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Jun 5th, 2006 at 07:57:24 AM EST
[ Parent ]
Basically, the 'reform' model only works is everybody is above average.

Perhaps if we all moved to Lake Woebegone...

Now where are we going and what's with the handbasket?

by budr on Mon Jun 5th, 2006 at 08:47:10 AM EST
[ Parent ]
the 'reform' model only works is everybody is above average.

Or, the 'reform' model embodies a justification for penalizing (writing off) those who are not above average.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Mon Jun 5th, 2006 at 09:20:16 AM EST
[ Parent ]

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