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The founding Neoliberals believed that no government had enough access to economic information to accurately plan an economy and that only the invisible hand of the market could make such decisions.

This is what infuriates me most in neoliberalism. It applies the same mistake as Social Darwinism when it misunderstood Darwinism.

If you make plans, you need two kinds of inputs: infos about the present state, from which you can extrapolate, and goals, which you want to work towards. By relying on the Invisible Hand, you don't just spare gathering accurate information of all things affecting the economy, but also forfeit setting the goals.

The neolibs get around this with the unstated setting of "efficiency" as the ultimate goal.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Mon Mar 19th, 2007 at 10:10:39 AM EST

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