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Brin on Cato

David Brin writes about the "bright fools" at the Cato Institute, but what he's really writing about is the current conspiracy to use free market arguments to divert more wealth to the wealthy. [Link]

... the Cato Institute has long promoted the worst social, economic and political conflation of modern times. A delusion that Adam Smith warned against. The notion that ownership of capital is the prime correlate with wise market capitalism. A very different concept, fundamentally, than saying that markets are themselves wise at allocating, rewarding or promoting innovative goods and services.

jon posted this at 9:03 AM
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