Sunday, November 27, 2011

Meaningless Hyperbole and Twaddle

“Misha” writes 17 November on Misha Blogs HERE

“Adam Smith vs. the Visible Hand”

"Adam Smith, the father of Capitalism, wrote about “The Invisible Hand”. The Invisible Hand is the functioning of a capitalist system, which would always bring good. Adam Smith imagined a well honed system of free markets plus enveloping democracy that turned people’s innate greed into productivity. I like the idea that some people are hungry and hire me to make their dinner and both parties benefit. But what if there is only a finite amount of food to be turned into dinner? In a reality of limited resources, the blind Invisible Hand hits a wall.
….
Take for example, the trucks Bloomberg just unleashed on the Occupy Wall Street protesters. The amazing sound weapons were used to bring the protesters to their knees do the bidding of the Invisible Hand, which by this point carries signs of gangrenous infections of government corruption. The fetid smell of a wormed-through congress, pampered by lobbyists and drunk on insider information, has swirled around the fingers of Adam Smith’s Invisible Hand. As we sit by and feel the Invisible Hand fisting our future, we may ask: is so-called “progress” evil?


The Invisible Hand, though it is festering with infected abscesses from bailout injections and bedraggled with engorged ticks of greed is flailing forward and shaping and re-shaping the world in it’s image. But the Visible Hand knows what the other hand is doing. The Visible Hand is inevitable. The Visible Hand will HAVE to do the clean up.”


Comment
Misha writes total imaginative nonsense:

is the functioning of a capitalist system, which would always bring good”; “the blind Invisible Hand hits a wall; the bidding of the Invisible Hand, which by this point carries signs of gangrenous infections of government corruption”, and “The Invisible Hand, though it is festering with infected abscesses”.

To this, the invented myths about Adam Smith’s use of a metaphor, have reduced the wholly innocent Adam Smith, writing quietly in his mother’s Kirkcaldy house and garden, to meaningless hyperbole and twaddle.

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