Não surpreende que aqueles que defenderam #ditaduras patrocinadas pelos #EstadosUnidos ou exibam sua admiração por #MiltonFriedman, difamem a #RevoluçãoCubana", diz o texto de Cuba em resposta ao jornal do #banqueiro #LuizFrias
#economy #economie #Friedman #MiltonFriedman #AideSociale #EtatProvidence #Liberté #liberty
#FreeToChoose
Milton Friedman raconte comment les programmes de l’État-providence, quoique bien intentionnés, produisent des résultats pernicieux. L’aide sociale, déterminée et attribuée par des bureaucrates, rabaisse l’individu au statut d’enfant et l’oblige à subir une intrusion sans précédent dans sa vie privée. Par ailleurs, les programmes d’aide sociale ont tendance à perpétuer les situations qu’elles prétendent résoudre en désincitant les récipiendaires à trouver un travail ou à sortir de leur situation.
A range of sources, historical to current, slanting toward MMT.
William Stanley Jevons, Money and the Mechanism of Exchange, 1873 https://archive.org/details/cu31924013816172 (Classical/marginalist view, articulates properties and functions of money, still largely accepted.)
A. Mitchell Innes, "What Is Money?" The Banking Law Journal, May 1913. https://www.community-exchange.org/docs/what%20is%20money.htm (Proto-MMT)
Frederick Soddy, The Role of Money, 1934. https://archive.org/details/roleofmoney032861mbp (Heterodox and widely dismissed at the time, many principles now accepted.)
John Maynard Keynes The general theory of employment, interest, and money, 1936 https://www.worldcat.org/title/general-theory-of-employment-interest-and-money/oclc/1006314129 (Established macroeconomics.)
Milton Friedman; Anna Jacobson Schwartz, A monetary history of the United States 1867-1960 (2 vols), 1963. https://www.worldcat.org/title/monetary-history-of-the-united-states-1867-1960-vol-1/oclc/181133482 https://www.worldcat.org/title/monetary-history-of-the-united-states-1867-1960-a-study-by-the-national-bureau-of-economic-research-new-york/oclc/181134713 (A rebuttal of Keynes.)
Randall L. Wray, Money, 2010 http://www.levyinstitute.org/files/download.php?file=wp_647.pdf&pubid=1344 (MMT)
Warren Mosler, ME/MMT: The Currency as a Public Monopoly, 2014. http://www00.unibg.it/dati/corsi/910003/64338-Warren%20Mosler%20Bergamo%20paper%20March%2010.pdf (MMT)
David Graeber, Debt : the first 5,000 years, 2014 https://www.worldcat.org/title/debt-the-first-5000-years/oclc/927102673 (An anthropological approach.)
#money #economics #MMT #WilliamStanleyJevons #AMichaelInnes #FrederickSoddy #JoynMaynardKeynes #MiltonFriedman #RandallLWray #WarrenMosler #DavidGraeber
"Boeing’s 737 Max Is a Saga of Capitalism Gone Awry":
... What made the crashes so vexing is that it was impossible to pin the blame on one central villain. Instead, the whole company seemed to be at fault. Time and again, Boeing executives and engineers didn’t take warning signs seriously enough, opted against adopting additional precautions and made decisions for the sake of saving money or raising profits. ...
https://www.nytimes.com/2020/11/24/sunday-review/boeing-737-max.html
In this case, maybe, morality is to blame. There were individual technical, regulatory, design, and management errors, yes, but the common underlying cause is a fundamental misalignment of moral values. Of engineering excellence and passenger responsibility versus short term profits, bonuses, and above all, Milton Friedman's murderous bugbear, "shareholder value".
Or was it just short-sightedness, short-term thinking, denial, and scapegoating?
See previously: Treating systemic problems as moral failings … is why California is on fire.
#boeing #737max #MoralisingPathology #CorporateCulture #ShareholderValue #EngineeringDriven #ShortTermism #ShortSightedness #risk #trust #RegulatoryCapture #blame #denial #scapegoating #distributedResponsibility #BigProblems #ethics #morals #MiltonFriedman #JackWelch #DennisMuilenburg #HarryStonecipher #DaveCalhoun
