Friday
Oct012010
Economics for the Hurried
In theory, the Market was a beneficent quasi-deity tirelessly working for everyone’s good by distributing the bounty of nature and the products of human labor as efficiently and fairly as possible. But in fact everybody wasn’t benefiting equally or (in many people’s minds) fairly from colonialism and industrialization. The Market worked especially to the advantage of those for whom making money was a primary interest in life (bankers, traders, industrialists, and investors), and who happened to be clever and lucky. It also worked nicely for those who were born rich and who managed not to squander their birthright.
Friday, October 1, 2010 at 12:01AM Richard Heinberg, Senior Fellow, PCI in Capitalism, Economic Trends, Free Trade