Tuesday, June 26, 2007

Richard Gwyn discovers the Super-Rich

...and when he does, he comes to the realization that they aren't much like you or me. What's problematic I suppose is where the rest the unwashed masses is comfortable at constraining the super rich. Gwyn seems to be pining for the days of the moderately wealthy CEO, but who determines how much is enough? If you are an orthodox neo-liberal economist I suspect that, in order to be consistent, you cannot say that too much is ever enough. So what's the alternative? A more managed capitalism? Socialism? Or do we just cast our lot with the market and let the chips fall where they may? Let's all pray to the invisible hand!

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