The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Monday, July 14, 2014

Why capitalism is necessary

Because the jackasses managing our enterprises have no idea what they are doing and, from the lowliest supervisor to the topmost CEO, set good business way behind other priorities, anyway.

So the blind, mindless, and brutally clumsy process of market competition is the best we can do to put a floor under imbecile incompetence.

And where the market is abolished or staggeringly inept firms are considered "too big to fail"?

1984 was far too kind.

The Great Leap Forward.

Forced collectivization.

The killing fields.

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