Sage words from Tim Graham, reacting to feedback he received from an earlier post he made critiquing America’s supposed girl-next-door, Katie Couric, for charging $115,000 for a simple speech at the University of Oklahoma:
[W]hat’s with all you Oliver-Stoners with the idea that capitalism = greed? You can both believe in an unfettered free market and still feel that it is shameless to charge $115,000 for a 20-minute speech. Free-market defenders don’t do the free market ideal any favors when their ideal is “whatever insane price someone will grasp on, that’s the free market at its finest.” You are free to overpay or overcharge – and that is a value judgment, in more ways than one – but the extremes are not automatically the ideals.
Roger that.
I find that the following is true: most of those who criticize capitalism, of course, would never want to actually live under another economic system, would they?
Posted by: thebizofknowledge | August 29, 2006 at 05:47 PM