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Tuesday, September 18, 2007

Obama and The Vexing Road to Serfdom

Obama to talk on the problems of ...er, Pareto optimal income distribution, today (I think). I liked the preliminaries of what he had to say - the subject matter could make for one of his better speeches. We'll see.


Oh, Just in case anyone got seduced by Andrew's picture of the old-vision of the road to serfdom, those with an eye on the future will see the new road to serfdom more like the martini-glass of growing global (and national) income inequalities.

It's a far more vexing and pernicious problem, although some will still want to continue to fight all the battles of yesterday:

How far does it go before it become dangerous?