Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It is a basic principle of neo-liberalism that the right way to run the economy is to pander to the consumer by fucking the producer. Thus Hayek in "The Constitution of Liberty" wrote that "a plant or industry cannot be conducted in the interest of some permanent distinct body of workers if it is at the same time to serve the interest of the consumers".
But even the obnoxious Hayek did not envisage the ridiculous greed of today's US top exectives.

See my site www.equilibrium-economicum.net, article "Free-Marketeers versus Workers (April 2006).    

ANGUS SIBLEY, website http://www.equilibrium-economicum.net, "Querying economic orthodoxy"

by parisien on Wed Apr 11th, 2007 at 06:28:15 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series