Endless Curiosity

July 3, 2009

Astounding Belief

Filed under: Economics, Psychology — Alec @ 10:52 am

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

I just came across this quote from John Maynard Keynes, the hot economist-du-jour. I loved it because it ties in so nicely – and thus validates 😀 – my February posting about the Market and Invisible Hand.

Why people believe that The Market will cure all ills and solve all problems is beyond me. On the other hand, perhaps no one really believes that. Perhaps Market Believers just believe that the Market will give results that are beneficial to them, the rest of society/the people/the world be damned.

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