Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.

Sunday, April 30, 2006

Iconoclastic Economist John Kenneth Galbraith Dies


John Kenneth Galbraith

A highly influential visionary and intellectual.

-- Mahashunyam // 9:22 PM // 4 comments


He was yet another idolized but clueless wonk:

He visited Soviet Russia in 1984, and wrote in the New Yorker magazine:

"That the Soviet economy has made great material progress in recent years is evident both from the statistics... and from the general urban scene... One sees it in the appearance of solid well-being of the people on the streets, the close-to-murderous traffic, the incredible exfoliation of apartment houses, and the general aspect of restaurants, theaters, and shops... Partly, the Russian system succeeds, because, in contrast with the Western industrial economies, it makes full use of its manpower."

This was untrue when he wrote it because the shelves were empty, the goods poor, the service non-existent, the houses shoddy and the people wretched. The Soviet government sponsored shops where communist officials could buy good quality foreign goods, but in which its own currency was not accepted.
// Blogger Meme chose // 4:27 AM

Hi all -

I think this is a nice example of Meme Chose's unending trollery.

Dude, insulting a guy when he dies is kind of...uhh...beneath contempt.
// Blogger umair // 2:05 PM

His own words, rather than mine, indict him. They are kind of hard to take, I can see, if you're trying to encourage people to admire either his intellect or his economic expertise.

He was venerated unduly more than enough while he was alive.
// Blogger Meme chose // 3:12 PM


There will be plenty of time to question his ideas; but *now* is definitely not the time.

Stop trolling, now, kk?
// Blogger umair // 3:18 PM

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