----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com>
No, I think it's rational profit-maximizing behavior. Rational in the narrow sense of capitalistic rationality, of course, but from their POV, it makes sense.
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The profit maximization hypothesis is extremely problematic for theoretical and practical/empirical reasons. It's a mistake to impute homo economicus type agency to the Bushies or corporate managers.
Ian