Monday, April 30, 2012

The "Self-Made" Myth

[via G&T comment section]

This looks like an interesting read. The ignorance of history and lack of common sense needed to believe the myth that America's wealthy are the product solely of their own hard work is staggering. Fair arguments can be made about the optimal extent of government involvement in the market, but the die-hard Randian types are stunningly, glaring wrong. Of course government can needlessly constrain individual achievement, and of course it can make unwise policy choices. But the harm to our society from the efforts that go too far the other way, that is, to limit regulation and and "let loose the power of the market," seems, to me, to be vastly more detrimental.

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