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The thing that makes reading and writing suspect in the eyes of the market economy is that it's not corrupted.
-Richard Powers
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The Thing That Makes Reading And Writing

Richard Powers
The thing that makes reading and writing suspect in the eyes of the market economy is that it's not corrupted.
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Reading Writing Eye

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Reading is everything. reading makes me feel like i've accomplished something, learned something, become a better person. reading makes me smarter. reading gives me something to talk about later on. reading is the unbelievably healthy way my attention deficit disorder medicates itself. reading is escape, and the opposite of escape; it's a way to make contact with reality after a day of making things up, and it's a way of making contact with someone else's imagination after a day that's all too real. reading is grist. reading is bliss.
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Machiavel, discoursing on these matters, finds virtue to be so essentially necessary to the establishment and preservation of liberty, that he thinks it impossible for a corrupted people to set up a good government, or for a tyranny to be introduced if they be virtuous; and makes this conclusion, 'that where the matter (that is, the body of the people) is not corrupted, tumults and disorders do not hurt; and where it is corrupted, good laws do no good:' which being confirmed by reason and experience, i think no wise man has ever contradicted him.
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My father always said 'there's no free lunch.' my father was right. there's no free lunch and there's no free market. the market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. that's what the market is. it's a bent casino. the house always wins.
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I believe in market economics. but to paraphrase churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. i believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. but i also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.
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The middle east would always be an important trading partner in just a market sense, like america is a big market for us, asia is a big market, europe is a big market. you are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow american point of view.
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A market economy is a tool - a valuable and effective tool - for organizing productive activity. a market society is a way of life in which market values seep into every aspect of human endeavour. it's a place where social relations are made over in the image of the market.
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