Adam Smith's 'invisible hand',....
and centuries later, Mr. Greenspan's 'primacy of profit'...., insights into the powers of the free markets, to provide for our needs. As opposed to socialism, or worse, and the failed, VERY failed, 'planned economies'. Count them all.In some lectures by Canadian (eh?) wannabee Illuminati member economist, Dr. Mark Carney, these concepts were mentioned, in the context of the alleged immorality of Capitalism.
The party line is the absence of what makes people happy and secure in this last named system of production and wealth distribution, ceteris parabus.
Well, even these alt leftie, white guilt, self loathing banker types will admit to two important trends over the past decades. For one, that the systems with the vapid 5 year plans all have failed, and in the process, have caused enormous human misery. If you deny this, have your nurse or doctor bump up the dosages of your medicines for reality testing.
And, similarly, that under Capitalism, the percentages of utterly poor continues to decrease, in many places, and remarkably so.
This is not to say that the many poor are no longer with us, as they always will be. But somehow to try to induce 'social morality' into the fix is wishful thinking. As evidenced by the above, and...
The inability to ope-rationalize or even to crudely measure such social variables, for economic models.
The need for the confiscatory redistribution of hard earned wealth in any such plans. Communism is wonderful, until it runs out of other peoples' assets.
And so, in the words of Republican slave freer President Honest Abe, "You can't help the poor by making the well off poor themselves".
In order for these plans to be put into place, big, VERY big, statist government is said to be needed. Just how is that working out in the many Dem ruled big government cities, and elsewhere? Minorities there more happy?
In planned economies, supposedly all promising equality, "from each's ability, to each's needs", soon a tiny ruling (Party) class emerges, and hangs onto power. Often using force and violence.
And so much more. Be careful what we ask for. The Great Reset, my foot.
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