Saturday, July 03, 2010
The Grand Game
I think there are some silly mistakes here. But there are also some insights. And the animation is tremendous.
However, all the actual insights are Public Choice insights. Marx was, after all, the first public choice theorist. The basic Marxist syllogism is this: 1. If government is powerful... 2. Then in a democracy that government will be dominated by business interests. 3. Therefore, get rid of private business.
The "if" part (1) and the "then" part (2) are both substantially correct, actually. But the "therefore" part is dumb. The correct "therefore" is:
Therefore, get rid of powerful government, which mostly restrains competition. Competition won't be perfect, and in fact there will be problems like those in 2008-9. But the problems will be much smaller, and of shorter duration, without the meddling of powerful and self-interested government agencies.
(Nod to Kindred, from here)