there is no market without property rights and rules for exchange. so a market can be free from too much state intervention but not free from all the rules.
Matthew 6:24 No one can serve two masters: Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and money.
Workers certainly don’t have the freedom to choose where to work and they certainly don’t have the freedom to choose how much they want to get paid at that particular repetitive tedious boring monotonous meaningless 9 to 5 job.
Unlimited economic growth on a finite planet in order to control scarcity of all resources and consumer goods/ products in order to drive up costs/ prices/ value
The benefits of free-trade is perhaps one of the greatest economic myths. Marx understood it better than most and used free-trade b/c of its destructive value. It is surprising as to why the globalists latched onto global free-trade (e.g., GATT, WTO, FTA). Were they trying to destroy the individual economies of the world or were they just plain stupid?
Such autocratic voices from good old boys clubs, claiming to promote protectionist measures for domestic markets under the illusion of keeping equity in local hands (the same old hands rather), literally create opportunity for infiltrating free marketers who promise greater satisfaction to end users just by being more customer oriented and responsive. Free marketers who themselves operate on the adage "give 'em enough rope and the'll hang themselves" perhaps. Hence the need or demand for such didactic's still. Literally bearing down to create wrinkles and creases so that crowbars can be inserted into these gaps of disgruntlement and dissatisfaction. Deliberately conjured up via condescending, patronizing, stodgy, staid approaches?
"There is no such thing" – I can apply this to anything. There is no such thing as the sun. No day no color and so on. What a complete attention seeker.
A very great interview. His last point on the abstract theories that have no relevancy to reality is a fundamental issue that many academic departments seem to face today.
People like you need to fight more. Austrians, Paulites, Friedmanites ect. ect. have been dominating the internet for years. When it comes to passing a Dogma or message a long to the the masses they are ahead of other schools of economics.
Or 50+ years of creating an economy and education system that resists change and manages to spend 200k to crank out 18yr olds with zero math skills near zero reading skills and an inflated sense of entitlement.
Next time you whine about maximized profits please tell that to people on fixed incomes or defined pension plans with a company.
I would say you are wrong about my reading list but that is fine. It may be irritating because there are only 500 letters to put an idea forward. Most ideas have caveats which can not be expressed.From my neck of the woods I would say look at the noncompetitive ship building, beer, dairy and forestry industries in Canada. Look at who they lost market share to. Not nations with a built in competitive advantage or third world cheap labor shops.
That's an extraordinarily irritating comment. Just more Friedmanite nonsense. I wish I had more than 500 characters to explain just how wrong you are, because I count 5 mistaken assumptions/statements in your comment. I'm not the kind of person who fights online, so may I (in a very friendly way) direct you to the rest of this man's work (which you obviously haven't read), also Yanis Varoufakis, some Stiglitz and some Robert Brenner, and maybe also some John Hicks should answer your questions
His work is good, but it doesn't say what leftist want it to. His work doesn't look at the whole picture. Protectionism in Asia for example only manages to steal market share from the USA and Canada from companies that were bogged down with massive labor issues, on top of that the growth of these asian companies only happened when monetary and fiscal measures in the USA were counter productive. wage and price controls etc. It allows you to steal low lying fruit nothing else.
there is no market without property rights and rules for exchange. so a market can be free from too much state intervention but not free from all the rules.
Matthew 6:24 No one can serve two masters: Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and money.
Long live democratic communism and freedom
Workers certainly don’t have the freedom to choose where to work and they certainly don’t have the freedom to choose how much they want to get paid at that particular repetitive tedious boring monotonous meaningless 9 to 5 job.
Unlimited economic growth on a finite planet in order to control scarcity of all resources and consumer goods/ products in order to drive up costs/ prices/ value
Market capitalism needs resources and goods to be artificially scarce in order to drive prices/costs/ values up
Capitalism is intrinsically and inherently unstable with all its cyclical boom and bust economic downturns
The benefits of free-trade is perhaps one of the greatest economic myths. Marx understood it better than most and used free-trade b/c of its destructive value. It is surprising as to why the globalists latched onto global free-trade (e.g., GATT, WTO, FTA). Were they trying to destroy the individual economies of the world or were they just plain stupid?
At last an economist that is worthwhile hearing.
Such autocratic voices from good old boys clubs, claiming to promote protectionist measures for domestic markets under the illusion of keeping equity in local hands (the same old hands rather), literally create opportunity for infiltrating free marketers who promise greater satisfaction to end users just by being more customer oriented and responsive. Free marketers who themselves operate on the adage "give 'em enough rope and the'll hang themselves" perhaps. Hence the need or demand for such didactic's still. Literally bearing down to create wrinkles and creases so that crowbars can be inserted into these gaps of disgruntlement and dissatisfaction. Deliberately conjured up via condescending, patronizing, stodgy, staid approaches?
"There is no such thing" – I can apply this to anything. There is no such thing as the sun. No day no color and so on. What a complete attention seeker.
A very great interview. His last point on the abstract theories that have no relevancy to reality is a fundamental issue that many academic departments seem to face today.
People like you need to fight more. Austrians, Paulites, Friedmanites ect. ect. have been dominating the internet for years. When it comes to passing a Dogma or message a long to the the masses they are ahead of other schools of economics.
Or 50+ years of creating an economy and education system that resists change and manages to spend 200k to crank out 18yr olds with zero math skills near zero reading skills and an inflated sense of entitlement.
Next time you whine about maximized profits please tell that to people on fixed incomes or defined pension plans with a company.
"Autistic mathematicians"
I would say you are wrong about my reading list but that is fine. It may be irritating because there are only 500 letters to put an idea forward. Most ideas have caveats which can not be expressed.From my neck of the woods I would say look at the noncompetitive ship building, beer, dairy and forestry industries in Canada. Look at who they lost market share to. Not nations with a built in competitive advantage or third world cheap labor shops.
Thank you for the list of names to check out.
That's an extraordinarily irritating comment. Just more Friedmanite nonsense. I wish I had more than 500 characters to explain just how wrong you are, because I count 5 mistaken assumptions/statements in your comment. I'm not the kind of person who fights online, so may I (in a very friendly way) direct you to the rest of this man's work (which you obviously haven't read), also Yanis Varoufakis, some Stiglitz and some Robert Brenner, and maybe also some John Hicks should answer your questions
His work is good, but it doesn't say what leftist want it to. His work doesn't look at the whole picture. Protectionism in Asia for example only manages to steal market share from the USA and Canada from companies that were bogged down with massive labor issues, on top of that the growth of these asian companies only happened when monetary and fiscal measures in the USA were counter productive. wage and price controls etc. It allows you to steal low lying fruit nothing else.
yeah, he is great
Ha-Joon Chang is brilliant, and funny, and down-to-earth.