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less extreme example but equally good is child labour.
Market Fundamentalism (Economics) tell us as long there are people willing
to employ children and children willing to work it should not be a problem.
Basic law in Economics of supply and demand and yet no one is advocating going back to those times in civilized world (yet). Not sure about JRM opinion on that.Of course countries doing that have Competitive advantage and world cooperation and rules are needed.
Things you mention should be part of Political Economy and would be much more difficult to put reactionary opinions as Economics Gospel. As I mentioned in one of mine previous post “Chicago boys” and followers do not like term Political Economy.Economics is Science not to be influenced by politics. I believe they succeed to make people believe that politics can not influence Economics and Politics should stay out of “Free Market Economy”
- This reply was modified 1 month ago by degmod.