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View Diary: Who creates jobs? The middle class (103 comments)

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  •  THE fundamental question! (4+ / 0-)
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    yawnimawke, TomP, Tracker, Treg
    Why should one piece of that puzzle be valued higher than the other?

    A huge chunk of the mess we are in results from valuing one part of the productive chain (providing the cash) far more than others (providing the idea) which in turns is far more valued thatn others (providing the work).  Because of these values, our labor and contract laws provide much greater leverage and authority to those in some positiong than others.

    The results of that is that the "free market" is not so free because the rules of any bargaining or negotiated are heavily slanted to give some parties large advantages over the others, distorting all market signals.

    In the end, the invisible hand of the market is guided by an even more invisible morally reasoning mind of the body politic.  

    Intelligent, passionate, perceptive people will always disagree, but we should not let that disagreement, however heartfelt, lead us to become deaf to those better angels of our nature.

    by Mindful Nature on Thu Dec 01, 2011 at 11:32:19 AM PST

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