Saturday, June 27, 2009

The Ideal Human Being

I have named the past era of capitalism Gucci capitalism. It was born in the mid 1980s – the love child of Ronald Reagan and Margaret Thatcher, with Milton Friedman its fairy godfather and Bernard Madoff its poster boy. -- Noreena Hertz

For the neoclassical economists who measure quality of life by the flow of dollars alone, a frenzied and confused consumer – assaulted by constant advertisements and prone to impulse purchases – is the ideal human being. -- Micah White

Neo-classical economics insist that market exchange is the only effective way to distribute goods and services. The economic crises of Capitalism and the billion starving people on planet Earth are swept under the rug . . . -- Nick Mamatas

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