Let us satisfy need — not greed

YOU can bet that during the French Revolution when the revolutionary masses were calling for the blood of a greedy and arrogant aristocracy who had brought the country to ruin, some deluded souls were calling out “citizens, the only our aristocrats can save us”.

Similarly deluded are those who manage to convince themselves and try to convince the rest of us that the answer to the country's economic woes is to leave our economic destiny to those who “proudly hold the banner of free market capitalism aloft”.

According to these supporters of free-market capitalism, while this system is occasionally suffers economic collapse, they still believe it is the most effective way to maximise material wellbeing.