To a libertarian or "austerian" I say: If we desire some form of markets or capitalism, we must live in a bell-shaped world, with a dominant middle class, for that is where customers come from. Neither a petro-fiefdom, a military dictatorship, nor a narco-state can support authentic internal market development, and neither does a winner-take-nearly-all network design.
I accept the implication though obvs not the condition lol
To a libertarian or "austerian" I say: If we desire some form of markets or capitalism, we must live in a bell-shaped world, with a dominant middle class, for that is where customers come from. Neither a petro-fiefdom, a military dictatorship, nor a narco-state can support authentic internal market development, and neither does a winner-take-nearly-all network design.
I accept the implication though obvs not the condition lol
This reminds me of the way some libertarians are convinced that lower taxes will always guarantee a wealthier society. The math is wrong; outcomes from complex systems are actually filled with peaks and valleys.
yeah no shit. he's making libertarians look pretty dumb here
This reminds me of the way some libertarians are convinced that lower taxes will always guarantee a wealthier society. The math is wrong; outcomes from complex systems are actually filled with peaks and valleys.
yeah no shit. he's making libertarians look pretty dumb here