[lbo-talk] Hayek, was Re: Stalinism (was Eric Hobsbawm)

andie_nachgeborenen andie_nachgeborenen at yahoo.com
Fri Oct 12 09:48:43 PDT 2012


Overly snide, but point made. There is no economic system that is conceivable, probably, that does not create incentives and opportunities to externalize costs.

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On Oct 11, 2012, at 1:19 PM, Shane Mage <shmage at pipeline.com> wrote:


>
> On Oct 11, 2012, at 10:51 AM, Wojtek S wrote:
>
> Congratulations! Your contribution
>> ...In planning systems, the capacity for cost externalization was pretty much non-existent...while western imperialists
>> externalized their costs on their satellites, Russian imperialists absorbed the costs of satellites..."
> has won a top-level brilliancy prize. You have won your choice of:
> --a six month fishing vacation on the sun-drenched shore of the Aral Sea
> or
> --a six-week camping vacation (medical benefits not included) in the splendid woods and fields around Chernobyl
>
> Madoff Foundation, ltd.
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