Archive for May, 2006

Labour peer Lord Desai on J K Galbraith »

The BBC’s Today Programme yesterday had a segment on John Kenneth Galbraith, the intellectual who died at the weekend. Galbraith famously argued in the mid-80s that the Soviet system was better than the capitalist system because “in contrast to the Western industrial economies, it makes full use of its manpower”. Well, the Soviets did have […]