[lbo-talk] Rationality of the Masses

Doug Henwood dhenwood at panix.com
Wed Jun 8 13:45:28 PDT 2005


joanna wrote:


>Doug Henwood wrote:
>
>>>I have to confess to a certain exasperation at the crazy shit so
>>>many Awmericans believe - like a faith in God and a belief in the
>>>actual existence of Satan that's found nowhere else in the First
>>>World. Is there some polite way to express this?
>>
>In my book that's almost rational compared to the "belief" in the free market.

Depends on what you mean by free market. If you mean the religious faith that economists have in its rationality and efficiency, sure. But if you mean capitalism, I'm not so sure. Capitalism more or less delivers the goods for a lot of people, and it's entirely rational for them to be cautious about a leap into the unknown.

Doug



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