Cartoonist Dan Perkins, who publishes under the pen name “Tom Tomorrow” has funny and insightful, if woefully one-sided, looks at corporate life.
Since Perkins doesn't know much history of
economic thought, he makes the same mistake that many econ teachers do, assuming that Adam Smith’s invisible hand was at the service—the beck and call—of big corporations.
Hence we see supposedly well-trained economists opining that “greed is good,” and ascribing this to Adam Smith! Readers of this column know this to be unmitigated, destructive bunk.
A recent cartoon deals with the fiasco of VW’s jerry-rigged diesel motor computers, designed to lie during environmental inspections.
To see the whole panel, go here.
To see other episodes, go here.
[Thanks to Steve Nash for the link.]