Thursday, March 06, 2008
Reference: Money isn't everything, Bangkok Post, March 6, 2008
Just as democracy is the worst political system, so capitalism is the worst economic system; until you consider the alternatives. What Churchill knew is that there is no ideal social system out there. They are all bad. We must choose the least bad and having chosen, it serves no purpose to point out that it is bad (Money isn't everything, Bangkok Post, March 6, 2008). It is a given that it is bad, it's just that the others are worse. As for greed, it is not clear that it is a bad thing for greed is the engine of capitalism. If not for the greedy among us there would be no capital in risky investments and no wealth generated and we would all be poor. Poverty is worse than capitalism. Deng knew that. Mao did not.