Wednesday, September 27, 2006

Discussion on capitalism

Marginal Revolution's latest post discusses capitalism:
http://www.marginalrevolution.com/marginalrevolution/2006/09/xxxxxxxxxxxx.html#comments
The best comment (in my opinion) so far is my one m :
"capitalism is an abstraction, albeit useful, that helps
modeling some aspects of human relationships. in pure
form it has never existed for extended periods of time
because of inherent problems (like externalities) that
plague it. studying its moral grounds is nonsense.
kinda like studying moral grounds of classical
thermodynamics."

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