Arrogant, ignorant, tosser

The true believers are on the right wing of politics. In their opinion the only reason people exist is to function within markets. Everything else in life is secondary as far as they are concerned.

The actual insistence is that markets enable people to exist as they wish to. Except, of course, in those instances where they don’t. Markets are, that is, a tool and often the appropriate one and sometimes not.

The right-wing think that this market information is readily available, free, and always enough for anyone to make all the decisions that they need to make.

Libraries just full of pondering upon imperfect information.

However, the most important thing about the right is how they think markets work. They believe that markets work instantly. So long as we all have the information that market pricing delivers because we have no other priorities in life we supposedly react to it instantly.

Which is why just everyone believes that the long term elasticity is the same as the short term – idiot.

So for the right-wing economist the answer to every failure is not that the market got anything wrong, or failed, but that the government intervened to prevent the market getting things right. So less regulation, less government and less tax is always their cure.

Amazing, isn’t it? For he screams that the carbon tax – greater tax in order to correct a market failure – is the right wing solution.

The resulting low tax, low government, light regulation agenda has let wealth flood upward for forty years

Amazing how this has coincided with the greatest reduction in absolute poverty in the history of the species, isn’t it?

It gets worse as it goes along too.

12 thoughts on “Arrogant, ignorant, tosser”

  1. “ The true believers are on the right wing of politics. In their opinion the only reason people exist is to function within markets”

    1. Projection
    2. Straw man

    Vintage

  2. The mad, malevolent twat isn’t worth discussing. Talking of twats:
    “LANCET BRANDS WOMEN ‘BODIES WITH VAGINAS’”

    So the Lancet adopts the mindset usually attributed to randy young men. There’s a turn up for the book.

  3. “They believe that markets work instantly.”

    Not instantly but fairly promptly, some products need time to develop. Certainly they work quicker than centrally planned economies.

    “…the answer to every failure is not that the market got anything wrong, or failed, but that the government intervened to prevent the market getting things right.”

    Well maybe not every failure but for most of them that is a pretty accurate assessment.

    “The resulting low tax, low government, light regulation agenda has let wealth flood upward for forty years.”

    Is there some place where this agenda has actually been put into practice then? I’d quite like to go and live there.

  4. Classic Murphy, classic leftism* – make shit up about your opponents, and then attack them for it.

    *I don’t think he actually is a lefty. I don’t think he has a single principle at all other than keeping the wolf from his own door.

  5. I didn’t know there was enough straw in the world for him to write that post. He’s full of surprises.

    Oh, and shit.

  6. Low tax???? The line at the top of my payslip says £700.50. The line at the bottom which records what goes into my bank account says £435.57.

  7. Interested

    I’m just interested as to what end the endless grift is directed – past debts? Some strange fetish or dark secret that needs to be sated?

    He really is a disgusting human being

  8. @van patten – it certainly ain’t on economics text books, or gym membership. My monies on mirrors so that he can preen.

  9. ex-wives and kids still in education can cause quite a dent in your retirement/pension planning as a colleague of mine once pointed out

  10. I did like the market that produced fracking. We thus don’t need to bother about the Middle East because we can pump up all we need at home.

    Or at least we could if the government didn’t stop us.

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