You are correct in suggesting that there is a middle-ground between the free-market and socialism, we call it a Keynesian/regulated economy. Works pretty well in Germany, although Germany can be considered a mix between neoliberalism and the welfare state, but it maintains the title as the worlds most competitive economy based on exports, which has seen its emissions actually decrease in absolute terms since 1990.

Unregulated capitalism can NEVER correct itself, the market cannot correct itself because its goal is profit not social justice. The irrationality of capitalism, principally neoliberal capitalism is this, again, privatizing profits and socializing costs. Neoliberalism has NO problem socializing our costs. I agree with you that the state has to step in and internalize the externalizes of the firms to FORCE them to change their ways. As long as they do not pay for their externalizes, they will not have an incentive to change. I am totally in favour of regulated capitalism, the real indoctrination is not from my analysis. The real danger of totalitarianism is the pseudo-scientific neoclassical analysis which justifies exploitation as a natural, cosmic force of nature. ;)

Blog: http://perspectivos.blogspo t.com/

by Nick86 on 05/11/2008 09:35:20 PM EST

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