tag:blogger.com,1999:blog-529575095156315075.post8834676387147567924..comments2024-02-09T12:12:37.636-08:00Comments on best minimum wage job a middle aged guy ever had: The long point is missing the point.Duncan McGearyhttp://www.blogger.com/profile/02857388833850939721noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-529575095156315075.post-62409065899227147952012-04-26T14:50:47.034-07:002012-04-26T14:50:47.034-07:00It's a truism that life isn't fair. But ri...It's a truism that life isn't fair. But right-wingers seem to take that as a justification for making it as unfair as possible.H. Bruce Millerhttps://www.blogger.com/profile/14613347512240617956noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-88938016964353537502012-04-26T14:49:46.389-07:002012-04-26T14:49:46.389-07:00I don't expect capitalism to be fair, but the ...I don't expect capitalism to be fair, but the big mistake is in assuming, as classical economics does, that people acting "rationally" according to "enlightened self-interest" in "the free market" will "in the long run" magically produce the best possible outcome for all individuals and the society as a whole.<br /><br />First, people often don't act rationally. Second, self-interest often isn't enlightened. Third, a true "free market" doesn't exist, never has existed and probably never could.<br /><br />Finally, as Keynes famously said, in the long run we are all dead.H. Bruce Millerhttps://www.blogger.com/profile/14613347512240617956noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-7733601536051979322012-04-26T11:00:05.932-07:002012-04-26T11:00:05.932-07:00I think people take "Life isn't fair"...I think people take "Life isn't fair" as a guiding principle, instead of the warning it's meant to be.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.com