Eric Walker <eric.wal...@gmail.com> wrote:
> Some of the world's smartest minds worked together to produce the > financial collapse. They had an implicit faith in the assurances of > free-market ideology and laissez-faire . . . > What they lacked was simple common sense and concrete incentives to avoid > actions that are harmful to society. > I agree! That is also how I would describe the political and military leaders who started World War I. See also Tuchman's book, "The March of Folly." I have high regard for capitalism and the free market. But, as I said, like all things human these institutions have weaknesses. They can fail, sometimes disastrously. - Jed
