1. Can we discuss this without ideological blinkers? On the âleftâ thereâs a tendency to regard the failures of markets or private ownership as inherent features of the system, whilst failures of government are mere accidents. The ârightâ makes the opposite error. [...] >>
Laurent ^^^^^ CB: How is it that failures of the government in banking are systemic ? In what sense, are they "systemic" and not case-by-case errors, "accidents" ? Whereas, failures of private banks follow from those banks following fully their basic logic of profit maximization, i.e. are systemic to the logic of a free market and free trade. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
