Arthur wrote:
> While Keynes didn't foresee the resource/population crunch, he did
> see a time when the problem of scarcity would be alleviated.
But...but...capitalism *depends* on scarcity. With a chicken in every
pot and a cell phone at every ear, can we now just wind up capitalism
and stow it with the buggy whips, candle molds and antimacassars?
Wouldn't Keynes have had just this thought?
The same essay that Arthur references [1] concludes:
But, chiefly, do not let us overestimate the importance of the
economic problem, or sacrifice to its supposed necessities other
matters of greater and more permanent significance. It should be a
matter for specialists -- like dentistry. If economists could manage
to get themselves thought of as humble, competent people, on a
level with dentists, that would be splendid!
Ah, but a dentist cannot whisper in the ear of the president with whom
he attended Yale or mutter a few lines to the NY Times with the result
that normal dentition is, the next week, reduced to 16 with a maximum
of 4 incisors for any one individual.
--
Michael Spencer Nova Scotia, Canada .~.
/V\
[email protected] /( )\
http://home.tallships.ca/mspencer/ ^^-^^
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