European Tribune

Display:
Last time I checked, Friedman and his ilk were of the opinion that any regulatory laws that hinder a private enterprise's ability to profit are detrimental, that the market can only be free if it was free of political interference.   Now, maybe YOU don't agree with that, but I am pretty sure, if any human being has embraced that theory, it was Friedman.  

Maybe my comment is clearly written by someone who has no background in economics.  But  your comment is clearly written by someone whose life has not been lived out in a country where Friedman's ideas have been given free reign.  Also, did you not read the Shock Doctrine, or did you conclude its argument was unfounded?

I am sure I speak for others when I say I read economists here talking about these matters on a level so entirely removed from reality and am dumbfounded.  Economics is a tool to serve society, not itself.  The purity or consistency of some economic theory means nothing if in the end, the majority of people are not benefiting from it.  It's navel gazing with lethal consequences.   How we can sit here and rue the infinite number of crises facing humanity and turn around and state "a company's sole responsibility is to lawfully increase profit for its stockholders" when these crises are legally YES! legally benefiting corporations or even sometimes caused by them - I simply do not know.  

Also, uhm, the laws are such around here that companies shape legislation more than citizens.  Which is why their actions are legal.  So we have to change the laws?  Tell me, how we can do so and respect that a company's sole responsibility is to lawfully increase profit for its stockholders?   We're in a catch 22 here and eventually if we do not accept that companies have a larger obligation to society, we have no argument on which to base, oh, a law that would require AIDS patients who cannot afford treatment have access to it anyway.

So easy to be a free-market proponent when your access to healthcare is guaranteed.

Or maybe you meant "primary" instead of "sole."

Come, my friends, 'Tis not too late to seek a newer world.

by poemless on Thu May 22nd, 2008 at 03:57:16 PM EST
[ Parent ]
I see Jerome's stance as in line with his rather controversial diary a couple years ago against private charitable giving.  

Perhaps it's that X thing - getting inculcated with a strong belief in the idea that a powerful and capable bureaucratic elite is the social actor with the primary responsibility for safeguarding society, as opposed to the more American individualistic one. ;)

by MarekNYC on Thu May 22nd, 2008 at 04:05:27 PM EST
[ Parent ]
I was thinking of that too.  I actually agree with the idea that a powerful and capable bureaucratic elite is the social actor with the primary responsibility for safeguarding society.  But Primary is not the same as Sole, and Reality is not the same as How I Wish The World Worked.

Come, my friends, 'Tis not too late to seek a newer world.
by poemless on Thu May 22nd, 2008 at 04:09:33 PM EST
[ Parent ]
BTW, a little secret, he is against private charitable giving - but not so much in practice.  Which is a good thing, he is a caring guy, but again it illustrates the gulf between theory and reality.

Come, my friends, 'Tis not too late to seek a newer world.
by poemless on Thu May 22nd, 2008 at 04:12:17 PM EST
[ Parent ]
in theory, theory and practice are the same.
in practice, they aren't.
by PIGL on Thu May 22nd, 2008 at 10:58:35 PM EST
[ Parent ]
I specifically stated that the core issue was who get to draft (or influence) legislation.

Healthcare access is guaranteed because the State set it this way. Corporations are endlessly lobbying against it ("it's too expensive"), but thankfully the population won't go for that, so any changes are, so far, only at the margins.

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

by Jerome a Paris (jeromeguillet@yahoo.fr) on Thu May 22nd, 2008 at 04:49:34 PM EST
[ Parent ]
If you believe "a company's sole responsibility is to lawfully increase profit for its stockholders" I disagree with you.

Come, my friends, 'Tis not too late to seek a newer world.
by poemless on Thu May 22nd, 2008 at 05:15:59 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
The Purpose of Education
by rdf - Nov 20
23 comments

In Defense of the Electoral College
by danps - Nov 22
1 comment

LQD: NATO as 'convenient threat' for Russia
by marco - Nov 21
20 comments

jitter noise rumble
by emilmoller - Nov 19
18 comments

LQD: The real orgasmic Puritans
by Ted Welch - Nov 20
32 comments

The Puritan Edge
by rg - Nov 20
122 comments

Computational simulations in science
by tiagoantao - Nov 20
20 comments

Early Friday Photography Blog No. 62
by LEP - Nov 20
58 comments

Debates
Campaigns
Occasional Series