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Author Topic: Friedman under attack
Doug
rabble-rouser
Babbler # 44

posted 21 October 2008 08:34 PM      Profile for Doug   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Well, he can't really fight back, he's dead - but this is about a research centre that was supposed to be named in his honour.

quote:
The global financial crisis has battered the image of several icons of free enterprise and now one of the biggest proponents of laissez-faire economics is under attack – Milton Friedman.

More than 100 faculty at the University of Chicago, where Mr. Friedman won the 1976 Nobel Prize in economics, are trying to stop the university from putting Mr. Friedman's name on a $200-million (U.S.) research centre. The opponents argue that the Milton Friedman Institute would compromise the academic integrity of the university and serve as a monument to Mr. Friedman's world outlook, which they say has largely been discredited.


Besides, he'd probably have favoured just auctioning off the naming rights.


From: Toronto, Canada | Registered: Apr 2001  |  IP: Logged
DrConway
rabble-rouser
Babbler # 490

posted 21 October 2008 11:49 PM      Profile for DrConway     Send New Private Message      Edit/Delete Post  Reply With Quote 
Considering the damage Miltie-boy's acolytes wrought on Chile post-Pinochet's accession to power, I'm surprised anyone still defends him.
From: You shall not side with the great against the powerless. | Registered: May 2001  |  IP: Logged
admin
rabble-rouser
Babbler # 15572

posted 22 October 2008 03:03 AM      Profile for admin     Send New Private Message      Edit/Delete Post  Reply With Quote 
As an outside The United States observer. One would need to know what "privatization seeks to do" under the guise of democratic systems? Political leaders with an agenda.

quote:
This is a question of the meaning of the University’s investments, in all senses. We are concerned, additionally, that this endeavour could reinforce among the public a perception that the University’s faculty lacks intellectual and ideological diversity. A variety of other specific concerns includes the following:

University of Chicago Faculty Letter on The Milton Friedman Institute

I think this was an interesting tidbit of information that I found as well doing some research in regard to Shock Therapy(economics) to seeing how Bernanke and Paulson moved to do what they did in terms of starting the bailout and how they arrived at their decision to do so.

If you saw signs of the depression at your front door what would you do to adjust to the signs of a downward decline, if what was done before did not do what it was suppose to have done. This is given with regard to the insights of the Great Depression. It provide a historical drama for implementing new policies in regards to citizens becoming forced share holder in bank bailouts.

This also ties into what is needed in the adjustment of Obama's strategies in terms of his economic policies. That such a move from the "old school" was needed, and this revolt of a kind, was what instituted the division from that old school to one of new change. Discarding of the constrains of an ideology, that did not represent the Chicago institutes values as a group.

The Republicans were quick to pick up on this and instead of drawing attention to his economic policies they move to associate him with Ayers, and now, the idea of a socialist diatribe. Quite sad really.

Best,

[ 22 October 2008: Message edited by: admin ]


From: the irreducible basic elements as simple and as few as possible | Registered: Sep 2008  |  IP: Logged
Fidel
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Babbler # 5594

posted 22 October 2008 03:25 AM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
Research is a bit late now that it's been tried in test labs around the world.
From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged
admin
rabble-rouser
Babbler # 15572

posted 22 October 2008 04:04 AM      Profile for admin     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Fidel:
Research is a bit late now that it's been tried in test labs around the world.

I think then, that understanding the mistakes of the past will help one discern the choices in the future? Get to a better comprehension of the truth? It is still being played out as as our leader meet with the EU. While such progression is seeking a "one world government," one hopes that the citizens of that new order have rights under the constitutions that will be enforced and not found lacking behind as economic strategists in negotiations who forget "who they represent," instead of mistakenly enjoying the zeal of "for profit schemes" that one day is overtaken by capitalistic tendencies, instead of an electoral one voted.

Knowing this and seeing it played out according to a futuristic diabolical plot fore seen([prediction] a socialist decree by the old school possibly(?), as describe by Naomi, you get to see the patterns that exist on a world stage?

I'd already seen it happen in terms of what Provincial governments can do while your sleeping It's called Privatization and is part of the scenario of Shock Therapy, but on a much more subtle level.

So I could easily relate and saw what was happening, and did scream about it while it was happening, but I am little lowly voice amongst the many voices. That's all one can do and know that they tried. So I still work on democracy issues. Does this not count?

I might be called the worst of the worst and thought divisive. That is for from my intent and i hope this becomes clear soon.

Best

[ 22 October 2008: Message edited by: admin ]


From: the irreducible basic elements as simple and as few as possible | Registered: Sep 2008  |  IP: Logged

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