[lbo-talk] Predatory Capitalism and the Isolated Individual

[Wojtek S]

[WS:]  I liked your rant.  My only comment is that it is not just just that
business avoids competition but rather that it uses it selectively to gain
monopoly control - for example in international trade.  Another example of
business use of competition is to play one local jurisdiction against
another to get a tax free ride.  In other words, it is both welfare state
and market competition as needed to serve the interest of the wealthy.  So
the problem with conventional economics is not that it is false, but that it
is bullshit i.e. making statements that may be either true of false, but it
does not matter as long as needed conclusions are obtained.
http://en.wikipedia.org/wiki/On_Bullshit

Also, is it possible to improve sound quality a bit?  I had hard time
hearing some passages.

Wojtek

On Thu, Jan 20, 2011 at 9:59 PM, michael perelman <
michael.perelman3 at gmail.com> wrote:


> I just did a YouTube rant: Predatory Capitalism and the Isolated Individual
>
> http://www.youtube.com/watch?v=Y48zZ9sUvS0
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> mperelman at csuchico.edu
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
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