Category Archives: crapitalism

Economists and Ethics

crapitalism, ethics, philosophy 13 Replies

It’s something of an inevitability that when the various heinous acts of corporations are brought to light, the Economists march out in lock-step to explain to the dissenters A) how emotional and irrational the dissenters are acting and B) sure, isn’t this the best possible thing that could be happening for ‘those people’?

This line of thinking was most recently articulated by Paul Krugman in The Slate. I want to focus on the two main points of this article: 1) the lie being presented that this is the best possible choice we could make given “the alternative”, and 2) the objection to this is being made on purely emotional grounds (i.e. there are no rational grounds to this objection) Continue reading