Economist hit on Naomi Klein

Wojtek Sokolowski sokol at jhu.edu
Fri Nov 8 06:28:24 PST 2002


Doug quoted:
>
> The Economist - November 7, 2002
> In training her guns on free trade and big multinationals, Ms Klein
> is attacking the best means for reducing poverty and, for that
> matter, extending justice and a political voice to the world's
> poorest people. When companies, properly regulated and acting within
> the law, pursue profits, they end up increasing prosperity. This is
> not a theory but an easily observable fact. The result, unintended
> though it may be, is social good. Ms Klein denies all this at every
> turn-and the tragedy is that her denials have an effect.

That was also the point argued by John Kenneth Galbraith (hardly a neo-lib hack), no?

The truth is that US populism despises organization in favor of a utopia where everyone is just getting along with one another (pass that bong, dude). That is fine, but organizations (think of planned economy as a corporation writ large to vercome inefficinecies of the market) have the best track recrods in alleviating poverty and promoting rational development.

Wojtek



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