[lbo-talk] Obama got Osama

Wojtek S wsoko52 at gmail.com
Mon May 2 12:31:36 PDT 2011


ravi: "What I mean is this: of course it is a bullshit claim that there isn’t enough money to fund anything. But to demonstrate that you do not need scientific/economic theories about “the productive potential of modern economy” (or sing paeans to technology)"

[WS:} Actually, you do need that. You need to show that taking away from the landowners or pursuing public investment policies that will ruin private investors will make the society as a whole better off. The claim that productivity will increase as a result of this expropriation serves that purpose. Otherwise, it is just simple Robin Hoodism - take away from the rich and consume it, so everyone will end poorer when the money finally runs out.

Wojtek



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