Matt Yglesias sums up the real economic problem:
A well-functioning market economy in many ways depends on a normative superstructure that's eroded by the ethic of money-making by any means necessary. When firm managers believe it is not only permissable but obligatory to engage in fraudulent and corrupt practices and to exert time and energy into rent-seeking, you ultimately destroy the background conditions of prosperity.
Posts
No comments:
Post a Comment