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JOHN KENNETH GALBRAITH, CALL YOUR OFFICE
By Ed Driscoll · December 9, 2002 05:35 PM
· Capitalism, the Unknown Ideal
Orrin Judd links to a peculiar Chicago Tribune article pining for "the Super Car" (aka a Yugo that could get 80 miles per gallon, aka Al Gore's wet dream), and wondering "what went wrong". Nice to know some folks miss John Kenneth Galbraith's goal of a centrally planned economy. It certainly worked so well for the USSR and Japan, as Ronald Bailey wrote in Reason: Take a look at John Kenneth Galbraith's 1967 paean to planning, The New Industrial State (Houghton Mifflin), in which he asserted: "High technology and heavy capital use cannot be subordinate to the ebb and flow of market demand. They require planning and it is the essence of planning that public behavior be made predictable--that is be subject to control."And let everyone drive government-mandated Yugos. In the meantime, don't buy too big a car--Big Grandparent is watching! UPDATE: Speaking of cars, Glenn Reynolds and Mickey Kaus spent the afternoon testing doing a little test driving. The cars they checked out aren't quite "super", but they're not too shabby, either.
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