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Galbraith Myths

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Fannie Flono of The Charlotte Observer liked John Kenneth Galbraith:

The ideas in that book continue to reverberate in today's discussion of social and economic policy. Economists and politicians differ over the Keynesian ideas Galbraith espoused -- that government intervention is necessary at times to help the economy, particularly during crises.

But the notion of an America obsessed with consumerism, one where the rich get richer and the working class gets poorer in money and in social services, still resonates. The gap between the rich and poor is wider than it's ever been, and it's getting wider every day. Couple that with an ever-shrinking middle-class and many have found a fresh take on Galbraith's old tome.


"Government intervention is necessary at times?" "At times" would actually be refreshing compared to the constant breath and life-crushing intrusions. And what is wrong with the rich getting richer? Nothing, if they earned it. Please tell me Fannie, what country are you talking about where the poor get poorer. Surely, not the United States of America. You must be refering to some dictatorship in Africa or South America or Asia. Not in America.

Get the straight scoop on Galbraith here.



By Andy, cross-posted from The Charlotte Capitalist



http://ObjectivismOnline.com/blog/archives/000848.html
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