Steve Cotler Steve Cotler

Category: Politics

John Maynard Keynes: Capitalism and the “Nastiest/Wickedest of Men”

— 1:28 am · View all 28 comments

Of course you know that not everything on the web is accurate, but what if you find thousands of hits for a quotation, including citations in Wikiquote,  the Washington Post, and the Howard Law Journal (which, in its Vol 48 Issue 1 Fall 2004 issue, blithely quoted the Washington Post article referenced at the end of this post)?

“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.”

You can find this statement, attributed to economist John Maynard Keynes all over the web. It also appears, somewhat more frequently, in this form:

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.“

In no case, (even in Moving Forward, a book about capitalism) is the quotation accompanied by a citation Continue reading “John Maynard Keynes: Capitalism and the “Nastiest/Wickedest of Men”” →

Lieberman and Specter: Whom Do You Love?

— 9:15 pm · One comment

Can your personal political morality stand the fairness test?

Compare Joe Lieberman and Arlen Specter. Each abandoned his party in order to assure or improve his chance of winning re-election. Pragmatic?  Egomaniacal? Fighting the neverending battle for truth, justice, and the American Way?

Whom do you love?

Lieberman, 67, lifted high by the Democratic party (vice presidential candidate in 2000, winner of Continue reading “Lieberman and Specter: Whom Do You Love?” →

Too Big to Fail? Or Too Big to Exist?

— 8:57 pm · View all 4 comments

AIG is saved once, and then resuscitated again, because it is judged “too big to fail.” Billions are pumped into General Motors because it also is “too big to fail.”

I say step back and look at what “too big to fail” should have suggested long before the current financial cliff edge was reached: If it is too big to fail, it is too big to exist.

Capitalism rewards successful innovation and efficiency; saving what has rotted is antithetical. I realize, of course, that by the time AIG was infused, Continue reading “Too Big to Fail? Or Too Big to Exist?” →

Lincoln’s Contested Legacy

— 4:23 pm · Comments Off on Lincoln’s Contested Legacy

Scores of articles have been written to commemorate the 200th anniversary of Lincoln’s birth. One of the most interesting appeared in the February 2009 issue of Smithsonian magazine. I reprint it here in its entirety. The images and links are my choices.

Link to original article.

Lincoln’s Contested Legacy

Great Emancipator or unreconstructed racist? Defender of civil liberties or subverter of the Constitution? Each generation evokes a different Lincoln. But who was he?

By Philip B. Kunhardt III

From the time of his death in 1865 to the 200th anniversary of his birth, February 12, 2009, there has never been a decade in which Abraham Lincoln‘s influence has not been felt. Yet it has not been a smooth, unfolding history, but a jagged narrative filled with contention and revisionism. Lincoln’s legacy has shifted again and again as different groups have interpreted Continue reading “Lincoln’s Contested Legacy” →

Un-Racism: You Have to Be Carefully Taught

— 5:21 pm · View all 2 comments

James Michener‘s short story collection, Tales of the South Pacific, a bestselling Pulitzer Prize winner in 1948, was eclipsed a year later by South Pacific, the blockbuster Richard Rodgers–Oscar Hammerstein musical that includes some of the most memorable songs written for the stage. One song, “You’ve Got To Be Carefully Taught,” includes this verse:

You’ve got to be taught to be afraid
Of people whose eyes are oddly made
And people whose skin is a different shade
You’ve got to be carefully taught

The converse is also true: you have to be carefully taught to be color-blind. Witness this exchange between one of my daughters and her almost-four-year-old son:

Continue reading “Un-Racism: You Have to Be Carefully Taught” →

MLK’s “I Have a Dream” Speech

— 3:07 pm · One comment

On August 28, 1963, Dr. Martin Luther King, Jr., gave a speech in Washington, DC, to an immense crowd that filled the Capitol Mall. Revered and reviled in his time, King stood as the standard bearer in the fight for civil rights.

Clarence Jones, King confidante and one of those who helped draft the scripted part of the speech, recalled on CNN today that halfway through the speech, King turned his prepared speech face down and began to dream aloud and extemporaneously. Jones recalled how the uplifting oratory of that dream prompted one of those near to King to whisper that these people [on the Mall] “are going to go to church now.”

Almost a half-century later, on Martin Luther King Day, one day before Barack Obama will be sworn in as our president, it is time to “go to church” again, to watch and listen to King’s momentous…and now prophetic…speech.

(Link to the full transcript.)

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Steve with students at an author event

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