Sympathy for the Trustafarians

From Critiques Of Libertarianism
Jump to: navigation, search

Choose one of these to see this page:




Paul Krugman ridicules Greg Mankiw for arguments defending plutocracy by ignoring opportunity costs and undermining of democracy.

Links

Nothing in this index yet.

Quotations

What’s curious is that conservative economists are well aware of the danger of “regulatory capture”, in which public institutions are hijacked by vested interests, yet blithely dismiss (or refuse even to mention) the essentially equivalent problem of democratic institutions hijacked by concentrated wealth. I take regulatory capture quite seriously; but I take plutocratic capture equally seriously.
Paul Krugman, "Sympathy for the TrustafariansSympathy for the Trustafarians"