694 karma · joined December 23, 2012
What? A big corp can't hire a couple of goons?
I was going to pick apart the whole comment, but then this stuck out at me. WTF? The Feynman cult truly knows no shame or rational bounds.
Yes. IDK if Hayek addresses this or not, but Coase has a very good (and short) little book on the theory of the firm where he goes into exactly that. Basically, there are transaction costs to going to the market. So sometimes it's worthwhile to lose market feedback and centrally plan things.
So imagine you vote for town council. The town councils in your county elect a county council, the county councils elect a state legislature, and the state legislatures elect Congress.
Elections for local people's congress are - for China - fairly open. There are 50-100% more candidates than seats. But candidates are in practice only nominated by the CP and related organizations. But the point is, you can choose between a couple of alternative CP picks, rather than having a single CP pick imposed upon you. A little bit like elections in Iran, I guess. That's not wide open elections like in the West, but it's not nothing.
Elections are more centrally controlled the higher up in the hierarchy you go, but there is always some wiggle room.
Oh my yes.
Rural wages "[d]oubling in China in the last decade, tripling or quadrupling in Vietnam. A bit slower in Bangladesh, but still up by half."
And yet the chart at the bottom shows India up by only 35%.
Here for example is RSS leader Mohan Bhagwat speaking in front of a big Vivekananda picture:
http://samvada.org/files/Independence-Day-Bangalore-Aug-15-2...
Maybe they claim him wrongly? IDK.
There's an excluded middle here.