Our essential difficulty is that we are seeking in a mechanism, which is necessary, qualities it simply does not possess. The market does not lead, balance or encourage democracy. However, properly regulated it is the most effective way to conduct business.
It cannot give leadership even on straight economic issues. The world-wide depletion of fish stocks is a recent example. The number of fish caught between 1950 and 1989 multiplied by five. The fishing fleet went from 585,000 boats in 1970 to 1.2 million in 1990 and on to 3.5 million today (1995). No one thought about the long- or even medium-term maintenance of stocks; not the fishermen, not the boat builders, not the fish wholesalers who found new uses for their product, including fertilizer and chicken feed; not the financiers. It wasn't their job. Their job was to worry about their own interests.
(IV - From Managers and Speculators to Growth)
Tag: capitalism
the marketplace is capable only of calculating exclusive costs; that is; excluding all possible costs that interfere with profit. Leadership of society requires the calculation of inclusive costs. To invoke the marketplace, as if calling upon the Holy Spirit, is to limit ourselves to the narrow and short-term interests of exclusion.
(IV - From Managers and Speculators to Growth)
Tag: capitalism
Fashion is merely the lowest form of ideology. To wear or not to wear blue jeans, to holiday or not to holiday in a particular place can contribute to social acceptance or bring upon us the full opprobrium of the group. Then, a few months or years later, we look back and our obsession, our fears of ridicule, seem a bit silly. By then, we are undoubtedly caught up in new fashions.
(I - The Great Leap Backwards)
Tag: fashion
If individuals do not occupy their legitimate position, then it will be occupied by a god or a king or a coalition of interest groups. If citizens do not exercise the powers confered by their legitimacy, others will do so.
(I - The Great Leap Backwards)
Tag: legitimacy
In reality high profits tend much more to raise the price of (a piece of) work than high wages. (quoting Adam Smith - ch.
(III - From Corporatism to Democracy)
Tag: inflation
Virtually every politician portrayed in film or on television over the last decade has been venal, corrupt, opportunistic, cynical, if not worse. Whether these dramatized images are accurate or exagerated matters little. The corporatist system wins either way: directly through corruption and indirectly through the damage done to the citizen's respect for the representative system.
(III - From Corporatism to Democracy)
Tag: politics
the regional governments can't raise taxes. The source of revenue would simply leave for another region. In fact, the effect of decentralization without guaranteed funding and national or multinational standards is a competition between regions for the lowest possible tax rates.
(III - From Corporatism to Democracy)
Tag: taxation
after a period in which technocrats attempted to become stars and stars to become politicians, the political void has been occupied by the force of mediocrity, which can easily master enough of the star techniques to produce inoffensive personalities and enough of the rational vocabulary to create the sounds of competence.
John Ralston SaulTag: politics
Basic technical training is, of course, useful. But to treat it as anything more than that is to lock students into technology that will be obsolete by the time they graduate. The time wasted will also deprive them of the basic training in knowledge and thinking that might help them adjust to the constant changes outside.
(IV - From Managers and Speculators to Growth)
Tag: education
To say now that the negative results of globalization are simply Destiny is to say that a whole new round of social divisions and violence is also our Destiny. In other words, the collapsing job market, slipping standards of living, the loss of fair regulations, the evaporation of big business tax revenues and the weakening of social programs are inevitable and so we must begin the endless, sterile battles of social division all over again.
(IV - From Managers and Speculators to Growth)
Tag: globalization
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