[lbo-talk] Missing the Marx

John Thornton jthorn65 at sbcglobal.net
Mon Jan 3 20:26:05 PST 2005



>But if people were going to die of starvation anyhow, the market system
>has not only done no harm, but actually resulted in an improvement.
>
>Bill Bartlett
>Bracknell Tas

The exact argument of Lord Edward Lytton and Sir Richard Temple in not wishing to pervert "the market" by saving lives who would otherwise die anyway. Of course 50 million dead between the years 1876-1899 because of the imposition of market forces is generally considered a "natural disaster", the result of drought rather than what it really was. "The markets" failures are every bit as spectacular as anything any central planners could be blamed for.

John Thornton

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