Showing posts with label myths of free trade. Show all posts
Showing posts with label myths of free trade. Show all posts

Monday, December 19, 2005

More misc items... including just a little politics...

Geneticists are brewing plans for a collective effort, the Human Epigenome Project, that would map subtle changes in DNA that underlie diseases. As many as half of the genetic alterations that cause cancer, for example, may be "epigenetic" changes rather than mutations -- a small molecule simply latches on to DNA in a process called...

Over 20 million PCs worldwide are equipped with a security chip called the Trusted Platform Module, although it is as yet rarely activated. But once merchants and other online services begin to use it, the TPM will do something never before seen on the Internet: provide virtually fool proof verification that you are who you say you are. Some...

Researchers have managed to teach people suffering chronic pain to reduce their own discomfort simply by controlling their thoughts. Patients were able to reduce pain by about 50 percent by viewing real-time functional magnetic resonance imaging of the activity in their rostral anterior cingulate...

== Myths of Free Trade ==

Myths-of-free-tradeHere’s an excerpt from Myths of Free Trade By Sherrod Brown -- that shows that Smith was much more of a pragmatist than he was a purist-platonist ideologue.

As Adam Smith wrote in his 18th century book, "The Wealth of Nations," "When the regulation is in support of the workman, it is always just and equitable — but it is sometimes otherwise when in favour of the masters."

Smith advocated high wages as beneficial to employer and employee alike, and he advocated the abolition of slavery because “the work done by free men comes cheaper in the end than that performed by slaves.”

The distinguished American economist John Kenneth Galbraith said about "The Wealth of Nations:" “It is much celebrated by the ministry of the righteous right, few of whom have read it. “Were they to do so — disapproval of the corporate form, approval of a wealth tax — they would be greatly shocked.”

The elite’s interest, he wrote, “is never exactly the same with that of the public, who [the elite] have generally an interest to deceive — and even to oppress — the public.” Smith believed that his invisible hand could do great harm to a nation and its citizens “unless government takes great pains to prevent it.”


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Finally, for those of you serious conservatives who are here to contemplate, with an open mind, a world of rapid change... consider dropping in at: Not your father’s Republican party 
The Claremont Institute