02/12/07

'worthy but ineffective'

Whether it is called the market, or capitalism, or neoliberalism, it is a tool that has not yet been harnessed fully for poverty alleviation. As Desai points out, the market is a tool for eliminating scarcity. It is departures from the free market, such as big subsidies for agriculture in rich countries, that are doing most to solidify poverty. Even from a tactical perspective, arguments expressed in the language of the free market are listened to, whereas moral sentimentality about excessive inequality is worthy but ineffective.
from an old review of meghnad desai's marx's revenge. seems like an interesting book.

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