I have read some of Noam Chomsky works. I just don't agree.
I find myself becoming more aligned with Neoliberals as I get older. I think that both Thatcher and Regan were right about many of the solutions of the world problems. I don't like how the Neoliberal model tends to make a large amount of debt before it starts to work. But in my opion it is the best answer to most. Then again I think Adam smith and Thomas Hume were the two of the best thinkers.
I am all for Adam Smith's laissez-faire economics. I think Smith was one of the greatest thinkers in human history. Afterall, free market economics and free trade have had the biggest hand in creating wealthy, civilized western countries.
However, Smith's invisible hand does not always work properly because initially it shows itself as anti-poor, which is not the case. And political leader will try to right these false wrongs with their false rights(rent control, price control etc.) which untimately end up hurting the poor, but look as though they're for benefit of the poor. This happens in the west, but is minimal, just look at rent control. This case is mutiplied tenfold in third world countries, where politicians will simply not let the markets work by themselves and reach equlibrium efficiency because they're trying to show the poor that they are trying to do something.
I'm glad you brought up Muhammad Yunus. I think he understands the above and he sought to use it in helping the poor. Rather then just signing a check, he tried to empower them with credit.
