Stumble it!Lets see what that invisible hand is up to today
posted in Politics by themaiden |Anyone running a WordPress blog has likely seen at least a mention of this article, as its floating through the WP Admin Dashboard RSS feed right now, but no matter, my point is not Microsoft bashing. No, my point is Adam Smith bashing. Actually, to be fair I’m not bashing Adam Smith. I’m just bashing the ‘free market magic’ fantasy that is kept alive in his name by gaggle of right wing twits who’ve never read him, or maybe who just didn’t pay attention.
The story, the day the music died, is a sad tale of corporate shenanagins and consumer pain. Read the article and ask yourself, “Where exactly is that invisible hand in all of this?”
The answer I’d like to propose is that it doesn’t exist. It isn’t there, not in the way that most of your hard right free market proponents need it to be. Ponder. I’m going to leave it at that for now, though if you wondering why I claim to not bash Smith but only the right wing twits who never read him: Smith “made it clear in his writings that quite considerable structure was required in society before the invisible hand mechanism could work efficiently.” The twits tend to forget that ‘considerable social structure’ part and head straight for ‘get the government the hell out of everything’ thus creating what I like to think of as a government so minimal that it stops working.
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