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- Jake Friends come and go. Enemies accumulate.
especially once you allow for the positive offsetting effects of markets on human well-being in addition to the negative ones.
Ah, no, you don't get to do that, unless you wish to postulate that those positive effects would not have accrued under the alternative development path where social democrats had prevailed over neoliberals. The alternatives are not neoliberalism or autarky, neoliberal propaganda notwithstanding.
Another way to make the same point is that if the market for a firm's products increases by twenty per cent, and a company's sales go up only fifteen per cent, then the CEO is underperforming by five percentage points, not overperforming by fifteen.
On ET? "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
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