Parasitic doctors and teachers

I have enjoyed quite a few of John Kay‘s books and writings. He busts a lot of myths about how business and the economy really work. A nice little quote in defence of some  things that I do hold dear.

The incoherence results from a political void. Europe’s political left lacks any convincing narrative in the post-socialist world. The right tells a story in which greed is the dominant human motivation, government an incubus on the spirit of free enterprise. News “from the markets” is not of new products and services, but of the fluctuations of the FTSE. This rhetoric views doctors and teachers as parasites, not producers, and has provided cover for an unhealthy expansion of the influence of established large corporations.

Post by Jonathan Rees

Clinical academic and skin watcher at the University of Edinburgh

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