Is there a Robin Hood in You?
Fiction writer Ayn Rand and economist Friedman have strong ideas about how the world should be. In Rand’s fictional world, Robinhood-like character is a villain and they have no place in the society. Is it, really? Do Robinhoods promote only laziness among masses?
Greenspan, the crackpot and a great disciple of Rand has experimented in implementing what he believed to be Rand’s/Friedman’s ideology. Greenspan was either naive and/or utterly stupid to assume that ‘corporations do not do anything to hurt their own self interests.’ Do they? Greenspan didn’t even recognize fraud until it was too late – not once, not twice – but multiple times.
Well, ever since Chakravarthy and I started going at each other on this subject of ‘free markets,’ we are both bringing evidence to prove our points of view. He says that ‘profit motive’ among us is the economic utopia for the world. I say it is an impractical ideology that can and will never be fully implemented or tested. For, altruism and greed are essential elements of human nature. You cannot suppress one and let the other rule. In other words, human nature is inherently complicated and the choices we make are infinitesimally complex. The choices are governed by prevailing conditions/rules.
Here is another exhibit.