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Cutting the Gordian Knot of GE Theory
Abstract
 
In the context of GE Theory, the conditions required for capitalism to be efficient are implausible in practice, though conceivable in theory. The former implies that the free market is always inefficient. The latter implies that a central planner can mimic how capitalism would work if it were efficient while the profits and interest generated by the operations of publicly-owned business enterprises would be distributed to the general public as a social dividend.

In the context of GE Theory, there is no way for libertarians to get around this dilemma without being impaled on one or the other horn. Either we live with a system that can never be efficient in practice or we have an efficient system but renounce private property rights and put distribution of the "social dividend" in the hands of a central planner.
 
Is there another way?
Searching For Reagan In The Wilderness - The Future of the Republican Party

Ronald ReaganWith the Democrats controlling both ends of Pennsylvania Avenue, there are those among the Conservative ranks contemplating how best to take maximum advantage of their newfound time in the political wilderness. Recruiting foot soldiers, grooming the next generation of leaders, raising money and engaging in a robust and often painfully honest bit of soul-searching all rank high on the list of priorities.

Crucial among those pressing issues is the debate of the intellectual-ideological foundation on which the next Conservative revival will be built.

What lies at the dogmatic heart of the Conservative movement? What principals are inviolable? What is considered heresy? Are pragmatics apostates to be excommunicated?

Now that the race is over

“If the mouth holds nothing good, it’s better to keep it shut, but if it holds anything of value; its contents must then be carefully delivered.” - Joseph Luxum

McCain jumped from strategy to strategy like a tiger in a cage. The maverick tried anything that works; from troops surge, to Aires, to Joe the Plumber, but finally what really worked, was to call Mr. Elect to congratulate him.

The congratulations were honest, but anything before that was white wool strewn over the eyes of those that saw too many colors.

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Identified Spin

Obama - President-Elect, Master of Political Stage...

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