It seems that the GOP pretend econ people always run away into commie
bating whenever their pretend economics is assaulted. Oh how they love to
characterize the abundance of hoola hoops from China as a lack of
scarcity. The reality is the amount of free time -- true freedom of the
common people. What is truly scarce is freedom and liberty. Republican
trickle down economics is an abject failure because it is an assault on
the very thing that is the true objective of economics. Latter day
economics is only fascism that makes a very real error in assuming that
the maximization of physical goods through efficient use of resources is
the goal and that the realization can be had through anointing a new sort
of "state" in a wealthy and patriotic class.
http://GreaterVoice.org/econ/glossary/aristocracy.php
Most broadly, all economics errs when it speaks of labor as a "factor" of
production as though it were a farm animal or a hammer. No economists
other than Marx and Henry George have come close to focusing on the
freedom and liberty of man as the goal of economics (i.e. economic
justice). Marx, of course, got the politics quite wrong or was interpreted
in such a way as to get the politics wrong; but the goal was correct.
Neither of these two focused on maximization of production, while both
were focused on justice and hence maximization of free will and choice. By
seeing labor as human and attempting to free the majority from coercion by
the minority these two had a proper economic focus.
Contrast this with latter day Republicanism which is true fascism:
http://www.fordham.edu/halsall/mod/mussolini-fascism.html
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
