Adam Smith wrote TWO books- one of these is infamous Wealth of Nations
and the other, neglected child is the Theory of Moral Sentiments. In
other words, smith saw the need for capitalism to be tempered by
responsibility.
Surely the less responsible capitalist makes more profit,
thus puts
Hi, Janet,
I enjoyed your erudite forward on the IMF and World Bank, but must pick
a bone with respect to its conclusion:
The IMF and the World Bank are the most logical intermediaries -- but
under
new management. The IMF must get back to objectively policing the
international monetary system
This is why it is so frustrating to stay with this list;
seeing continuously hopes for the future based on
totally false assumptions.
The state and it's institutions are there
to defend the economic and thus social/cultural
power of the ruling class.
And at the moment the ruling class is still
"In short, how many people have to die before the ruling
paradigm is beaten back and we are rid of it once and for all?"
-- Susan George
Faith and Credit: The World Bank's Secular Empire
There are no societies without
