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Must Be Another Example of that Invisible Hand of the Market!
#11
RE: Must Be Another Example of that Invisible Hand of the Market!
(May 17, 2015 at 12:44 pm)abaris Wrote:
(May 17, 2015 at 12:37 pm)Chuck Wrote: i think the British moneyed and titled classes has had a sense of exceptionalism more long standing, more deeply ingrained, and better armored with more layers of cunningly adapted and polished justification, albeit somewhat more dented by experiences since end of WWI, than any possessed by over-confident nouveau Riche yokels on this side of the pond.

I guess, not losing any world wars and therefore still having the same old upper class might play a role.

I think the sense of exceptionalism reached its full flowering well before the world wars.  If anything, the world wars and their aftermath, both geopolitical and economic, wilted it somewhat, but I think it's essence is still intact and militating.   This is why it didn't seem to raise many eyebrows when a nation with no real independent overseas interests, and no prospects of ever regaining the economic scale or population needed to attempt to establish such interests, sought, after the Cold War, to build not one but two of the largest aircraft carriers ever built by any power other than the U.S. 
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#12
RE: Must Be Another Example of that Invisible Hand of the Market!
Here's an article that you won't see from the Koch-suckers.

https://www.dailykos.com/story/2014/02/0...ailclassic


Quote:25 Images of Markets "Regulating Themselves"

Quote:Unfortunately, morality isn't built into markets.

[Image: child-labor-sm_zpse67cfcab.jpg]
Markets were fine with child labor and slavery. Both were viewed simply as cheap sources of labor. It wasn't until people fought against child labor and slavery that these things became unacceptable in a market (at least in most Western countries).
This is why markets must be subject to other forces such as ethics and government if we want them to work for the benefit of the many (not just a select few).
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