tag:blogger.com,1999:blog-26706564.post4449479320857830909..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: How Smaller Government Leads To Increased InequalityRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26706564.post-76121099038910966372010-12-14T21:24:19.064-05:002010-12-14T21:24:19.064-05:00Inequality and crisis:
http://economix.blogs.nyt...Inequality and crisis: <br /><br />http://economix.blogs.nytimes.com/2010/12/14/does-economic-inequality-cause-crises/?src=tptwAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-60624773620976398192010-12-08T03:45:16.508-05:002010-12-08T03:45:16.508-05:00"Among the Western countries alone, inequalit..."Among the Western countries alone, inequality appears to be less, in any meaningful sense, the more highly capitalist the country is . . . With respect to changes over time, the economic progress achieved in the capitalist countries has been accompanied by a drastic diminution in inequality . . . a free society [i.e. capitalism] in fact tends towards greater material equality than any other yet tried." (<b>Capitalism and Freedom</b>)<br /><br />When Friedman's own ideology was applied inequality exploded. Strangely, he failed to mention this awkward fact in the preface to the 40th anniversary edition of his book...<br /><br />One of the many things Friedman was utterly wrong about -- still, he helped the rich get richer so such a minor thing <a href="http://anarchism.pageabode.com/anarcho/milton-friedman" rel="nofollow">as being wrong</a> does not hinder his claim to being a great economist...<br /><br />Iain<br /><a href="http://www.anarchistfaq.org.uk" rel="nofollow">An Anarchist FAQ</a>Anonymousnoreply@blogger.com