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View Diary: Conservative Myth of Self-interest 1: Selfishness by another name (12 comments)

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  •  self interest works for markets. (1+ / 0-)
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    VClib
    •  Agreed but with limitations (1+ / 0-)
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      greengemini

      That assumes that there actually are choices in those markets and the the market can support more than a few providers. That individuals are free and able to make to make informed choices. And finally that the markets can absorb failures of entities in that market.

      Without those constraints then a pure self interest based system does not work. My biggest economic complaint with the GOP is that they go with the pure self interest argument of capitalism without acknowledging its limitations.

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