My reply to Economic Migrant (Petros) at the Financial Times

Mr. Roberts comes from the American Tradition of the Declaration of Independence, the  Constitution and The Bill of Rights, all documents in the Enlightenment Tradition. So he believes in the primacy of the shared destiny of the Commonwealth, as do I , the primacy of those documents, and that idea of a shared destiny has shaped American political thought and practice for over two hundred years.

The Free Market you pay homage to is an arrival of the watershed of the political rise of Thatcher/Reagan, and their attachment to the ideas of the Political Romantics masquerading as Economists: Hayek. von Mises,Friedman and the pamphleteer Ayn Rand. Their collective idea is that the values of this Mythical Free Market trump that American Tradition of the Commonwealth, and it’s political creature the res publica: the public thing. Nothing more antithetical to the ideas and practices of that public thing than the ideas of these Political Romantics, fronting for the Corporatism that engulfs us in the political present.
Those Marxists and Maoists that you hold up to contempt, disrespect? are true democrats because they submit to the will of the Greek people: They place a wager on an election, who but a democrat would place such a wager? Wolfgang Schäuble,  Mario Draghi, Christine Lagarde?
P.S. Adam Smith was the author of two important books, The Theory of Moral Sentiments and The Wealth of Nations: our ethical/political imperative is to attempt to integrate the insights of both into something coherent. See Amartya Sen’s introduction to the Penguin 250th Anniversary of Theory for the beginning of such an undertaking.

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.'
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