Re: [atlarge-discuss] FYI: [CNET] ICANN under Twomey to continuepolicy focus

[Walter Schmidt <walts@dorsai.org>]

On Sun, 23 Mar 2003 espresso@e-scape.net wrote:

> I can't put my hands on the exact quotation at the moment but John
> Maynard Keynes expressed the fundamental philosophy behind all this:
> that is, a belief that the "nastiest of men acting for the nastiest of
> reasons" will somehow achieve what is best for the world through the
> operation of unregulated market forces. Like Keynes, I have no faith
> whatever that the "best" that can be achieved by such means will be best
> for anyone but the nasty men in question.


When Adam Smith stated in his INVISIBLE HAND, a rationale of the
Industrial Revolution was that when everyone worked as hard as possible in
their own interest, they, led by an invisible hand, benefited everyone
else as well, Keynes is supposed to have sneered that it was the
extraordinary belief that the nastiest of men for the nastiest of motives
will somehow work for the benefit of all...


 ---  REgards, walts@dorsai.org  Walter C. Schmidt, IT CPA  Blue(^) ---
 - -   Microsoft MVP - Windows XP Media Center Edition - HPMC 873n  ---
 - -                 Associate Expert - Expert Zone                 - -
 ---         http://www.microsoft.com/windowsxp/expertzone/         ---
 - - http://www.microsoft.com/windowsxp/expertzone/columns/schmidt/ ---
 - - 52 Ken           http://www.dorsai.org/~walts/          Sun 57 - -


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