As economic libertarians, these people believe that markets should be free, formed by the rational actions of rational agents - who need only to be provided with perfect information about goods and services in order to build a stable economy. As technological utopians, they believe that everything will be for the best in the best of all possible worlds, if technology is modelled on the American dream and the American way. And as opinion formers, they claim no formal power base, operating instead by linking exhaustively to one another.
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"Blog eats blog: The rise of the blogeoisie." by Bill Thompson, May 15, 2003.Bill Thompson
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[T]he assumption describes our actions, not our thoughts. If you had to understand something intellectually in order to do it, none of us would be able to walk.
Economics is based on the assumption that people have reasonably simple objectives and choose means to achieve them. Both assumptions are false-but useful.
Suppose someone is rational only half the time. Since there is generally one right way of doing things and many wrong ways, the rational behavior can be predicted but the irrational cannot. If we assume he is rational, we predict his behavior correctly about half of the tie - far from perfect, but a lot better then nothing. If I could do well at the racetrack I would be a very rich man.
[R]ationality is an assumption I make about other people. I know myself.
[R]ationality is an assumption I make about other people. I know myself well enough to allow for the consequences of my own irrationality. But for the vast mass of my fellow humans, about whom I know very little, rationality is the best predictive assumption available. (pp.3-5)David Friedman
...evidence-based approach, the U.S. negotiators argued, is interference with free markets, because corporations must have the right to deceive. [...] The claim itself is kind of amusing, I mean, even if you believe the free market rhetoric for a moment. The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that, which brings us back to the viability of American democracy. For many years, elections here, election campaigns, have been run by the public relations industry and each time it's with increasing sophistication. And quite naturally, the industry uses the same technique to sell candidates that it uses to sell toothpaste or lifestyle drugs. The point is to undermine markets by projecting imagery to delude and suppressing information, and similarly, to undermine democracy by the same method, projecting imagery to delude and suppressing information. The candidates are trained, carefully trained, to project a certain image. Intellectuals like to make fun of George Bush's use of phrases like “misunderestimate,” and so on, but my strong suspicion is that he's trained to do that. He's carefully trained to efface the fact that he's a spoiled frat boy from Yale, and to look like a Texas roughneck kind of ordinary guy just like you, just waiting to get back to the ranch that they created for him...
Noam Chomsky
The libertarian creed, finally, offers the fulfillment of the best of the American past along with the promise of a far better future. Even more than conservatives... libertarians are squarely in the great classical liberal tradition that built the United States and bestowed on us the American heritage of individual liberty, a peaceful foreign policy, minimal government, and a free-market economy.
Murray Rothbard
The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.
John N. Gray
There is another way you can tell you’re a Republican. You have faith in free enterprise, faith in the resourcefulness of the American people, and faith in the U.S. economy. To those critics who are so pessimistic about our economy, I say: ‘Don’t be economic girlie men!’
Arnold Schwarzenegger
Thompson, Bill
Thompson, Dorothy
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