Yaba Yaba

what? another blog? you must be joking.

Posts Tagged ‘free market

Bread for the poor or circuses for the rich?

with 6 comments

Justin asks: Global Food Crisis: The Limits of Free Market Thinking? The current tide is definitely a wake-up call. But I think Victor Lebow carries more blame than Milton Freedman or Adam Smith (if you haven’t yet, go see the story of stuff. It gives a lot to think about in this context).

The problem is not with the invisible hand, its with the strong hand, which promotes over-consumption of non-sustainable goods, subsidizes meat production (which feeds much less people per hectare) and prioritizes bio-fuelled humvees over wind-farm powered powered public transport. The problem is not with the economic system (there’s frankly very little difference between one and the other nowadays). The problem is with base values.

Advertisements