Thursday, May 03, 2012

Don't cry for Paul Argentina

Also impressive how Lula DaSilva has become an example of a non leftist. The same way the socialist path party collected a gigantic sovereign wealth fund via taxes and therefore made Singapore number 1 in economic freedom (public ownership of the means of production is evidently he central tenet of free market capitalism).

I remain impressed by the speed with which S Korea changed from a shining example of export oriented growth to a cess pool of crony capitalism and rigid labor market regulation and back within three years (1997-2000).

Next there are going to tell us "from each according to his ability" and " to each according to his need" are Christian doctrine ascribed to St Peter as recorded in the Acts of the Apostles and, in contrast sharply criticized by Karl Marx in The Critique of The Gotha Program in which he argued that equality of outcomes is a bad proposal so long as incentives to work are needed (as he claimed they were at the time).

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