At last something I can read in the media which is common sensical and gives me pleasure.
Everybody knows it now!
Thank you, Ha-Joon Chang!
"Acceptance of inequality rests on assumptions that 'free markets' make us all richer in the end. Growth figures tell it differently"
Ha-Joon Chang has asaid it on Tuesday August 31 2010 in ' The Guardian' at last.
"...Virtually no politician challenges a basic, erroneous premise that inequality is a price worth paying for a more efficient market system that enriches us all. The simplistic, free-market view of the Thatcher-Major era said equality of opportunity is all we need for a fair society. If no one had their market participation blocked, the result, however unfair it may look to some, should be accepted as fair. Today many people, both on the left and the right, recognise that this is not enough. We can accept the outcome of a competitive process as fair only when the participants have equality in basic capabilities; the fact that no one is allowed to have a head start does not make the race fair if some contestants have only one leg...."
Thank you Ha-Joon for the first bit of common sense I have read in the a newspaper for fifty years.
Retirement, Kota Kinabalu

This is where I would like to be after I have robbed the bank
Monday, August 30, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment