Sunday, March 8, 2015
STUPIDITY WILL OUT
Evenings in the Eastern Bloc ports, where I attended vessels, in the 1980s, usually meant lively political discussions while consuming rather large amounts of wine and spirits. It was here that I devloped a response in the matter of explaining the difference between the economic systems of the East and West. I started out with a quote that I believed had been attributed to Charles DeGaulle to the effect that while God had chosen to limit the intelligence of mankind, He had put no boundaries on its stupidity. "In a command economy," I explained, "all of the stupidity is concentrated in central spot, whereas, in a market economy, the stupidity is dispersed. Any illusion that one system is superior to the other will be short-lived because, in the end, stupidity will out"
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I believe that the 2014 elections proved that assertion quite handily.
ReplyDeleteActually it was proven, again, in 2008 wheb the Great Recession occured, and a socialistic bail out was used to save the plutocrats from the rigors of a matket economy.
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