Charles Brown
>From the market to the Marxit
>>> Carl Remick <cremick at rlmnet.com> 09/04 11:01 AM >>>
Re Louis's quote from the WP: "... the dangers to capitalism shouldn't
be
exaggerated. So far, most of the government interference, including
Malaysia's, has been limited to the markets for money."
The beauty part of this limited intervention is its potential to cause a TOTAL change in social psychology. Now that the high priests of "respectable" economics have ruled it's legitimate for governments to meddle in the marketplace to save financial interests, it will be well nigh impossible for them to maintain a vigorous argument against government action to promote social welfare more directly.
Carl Remick