> Or perhaps many of today's woes are caused by a
> belief in the
> possibility of a pure free market and the myth of
> perfect competition.
I would like to hear one example of someone who
actually believes in pure free markets or perfect
comp. I have NEVER come across a proponent of
deregulation- privatization who sees perfect comp as
anything but a thought experiment. Mises and Hayek
were quite explicit about the imperfect nature of the
market process. Even Bob Lucas freely admits that
there is no such thing as hyper-neutral money and
perfect market clearing. Every one knows that the
models in question are just models, and not exact
descriptions of reality.
Benevolent omniscient social planners are also
generally seen as imaginary. Aside from a few of the
more interesting (i.e. mental) socialists, who
believed in anti-lions and seas of lemonade,
proponents of intervention/ socialization have
generally not made wild or absurd claims regarding the
merits of government.
The real problem is that that some actually believe in
perfect versions of their preferred systems, but with
those who avoid constructive dialog with false
accusations of utopianism. Joe Stiglitz is
particularly good at this.
Doug Mackenzie