Some Econ Pessimism?

Robin Hanson (
Tue, 18 Feb 1997 09:43:34 -0800 (PST)

Crosby_M writes:
>On Thursday, February 13, 1997 5:19 PM, Robin Hanson wrote:
><Note the implication though: Most capitalists have never appreciated
>the value of free markets,>
>Yes. The Wall Street Journal often reports how capitalist foundations
>flirt with socialist causes; or just yesterday, Ford fawns to its
>unions to find labor peace, stiffing suppliers who can't afford such
>fine fixtures.

I consider this to be stronger evidence that WSJ claims about foundations.

><... or they would have invested here instead of elsewhere.>
>Hmmm, why should they distinguish here from there? Must adventurers
>always be judged as pirates just because they see easier pickings over
>the uncharted horizon? On the other hand, consider the ultimate
>entrepreneurs, farmers, who have the audacity to cultivate compost,
>computing with dirt, to turn barren deserts into juicy desserts.

You've lost me here. Investors should move to where the expect higher
returns, just as people should move to where wages are highest. I
don't see a relation between this and piracy.

Robin D. Hanson