Rabbit Holes a commonplace book,❦kept in the open
Tag · 2 folios

Capitalism

A pencil mark from the long tail. Browse the hand-chosen subjects for broader paths through the book.

456 Musing

Galbraith’s Antidote to Economic Dogma

source en.wikiquote.org

I react to what is necessary. I would like to eschew any formula. There are some things where the government is absolutely inevitable, which we cannot get along without comprehensive state action. But there are many things — producing consumer goods, producing a wide range of entertainment, producing a wide level of cultural activity — where the market system, which independent activity is also important, so I react…

keep reading — 2 min ↗
EconomicsJohn Kenneth GalbraithCapitalism 4 threads →
214 Link

Do markets make people moral?

source Financial Times

All this sounds pretty good for the Montesquieus of the world. But the researchers had another result. Greater market access did seem to weaken family-based co-operation, lowering the share of vulnerable people including orphans, people with disabilities and the elderly being looked after by relatives at home. So if you were looking for a simple answer, sorry. The study supports both sides’ view of markets — they make it…

keep reading — 1 min ↗
MarketsMoralityCapitalism 4 threads →