Amartya Sen’s fantastic historical grounding in the New York Review of Books is a great lens through which to see the search for “new capitalism” that has recently infected international dialogue. In particular, he makes an excellent case for the farsightedness and candor present in the reasoning and writings of capitalism’s forefather.
Open market economics cannot be applied to rights: regardless of what we price supply at, demand remains constant (that is, universal). Be it health, education, or security, a minimum and adequate level of the things we consider fundamental rights must thus be provided using non-market means.
How should we reconcile this?
So the economy is officially fracked; that much we agree on. But as discussions everywhere from coffee shops to global summits turn to how we should “fix the system”, there is a gross error that occurs in much of this public discourse – about what our society is or isn’t.
We are not a capitalist society.
Suspended for 7 weeks. It’s hard to overstate how absurd this is, or how dangerous a precedent it sets.
There are 3 things the Prime Minister (and perhaps the Governor General) seem to have forgotten: