Tuesday, May 22, 2012

John Quiggin on Utopia | FiveBooks | The Browser

http://thebrowser.com/interviews/john-quiggin-on-utopia?page=3
Forget about all these utopian ideas, those things don't work and
never will. The only freedom that can be delivered is the freedom of
market choices, and if we give those to everyone, even if the outcomes
initially aren't equal, everybody will be better off in the long-run."
A large part of my work is about pulling that down, saying, "Now we've
had 30 years of this stuff, let's look at what's actually happened."
The answer is that in the US the average person is very little better
off, in material terms, than they were 30-40 years ago. Real wages for
high-school educated workers haven't risen since the 1970s. There are
more people below the poverty line now than there were in 1960. The
model – in its most sophisticated and well-developed form – hasn't
delivered the goods

---SPSmith

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