Thursday, March 28, 2024 Text is available under the CC BY-SA 3.0 licence.

Bob Rae

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To suggest that the global market-place of the twenty first century there will be no role for the state and the public sector is clearly nonsense.
--
Chapter Four, Self-Interest and the Public Interest: Taxes, Debts, and Deficits, p. 64

 
Bob Rae

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...we need to recognise that the entire information sector—from music to newspapers to telecoms to internet to semiconductors and anything in-between—has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.

 
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The Liberal Party doesn't seem to know in its mind what to do about it—its ostensible view is that the mix of the mixed economy must be left as it is. This seems to be a slightly doubtful proposition...We have to reduce the public sector, the state-run sector, and hand it over to other bodies. The economy is probably unmanageable so long as the state attempts to do so much. The Liberals have not given nearly enough thought to the question of the bureaucracy of the state, what is suitable for the state to run...I personally agree with the SDP line, not with that of the Liberal unilateralists. I want to remain in NATO and I believe that a deterrent is essential and it promotes peace...I would not support unilateral disarmament either on moral or practical grounds.

 
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In the time of Jesus and for many centuries afterwards, there was a free market in human bodies. The institution of slavery was based on the legal right of slave-owners to buy and sell their property in a free market. Only in the nineteenth century did the abolitionist movement, with Quakers and other religious believers in the lead, succeed in establishing the principle that the free market does not extend to human bodies. The human body is God's temple and not a commercial commodity. And now in the twenty-first century, for the sake of equity and human brotherhood, we must maintain the principle that the free market does not extend to human genes. Let us hope that we can reach a consensus on this question without fighting another civil war.

 
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There are two ways of dealing with nonsense in this world. One way is to put nonsense in the right place; as when people put nonsense into nursery rhymes. The other is to put nonsense in the wrong place; as when they put it into educational addresses, psychological criticisms, and complaints against nursery rhymes or other normal amusements of mankind.

 
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Because of this global uncertainty, the visionary and the adventurous amongst us will get to shape the future of the twenty-first century—the church included.

 
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