the marketplace is capable only of calculating exclusive costs; that is; excluding all possible costs that interfere with profit. Leadership of society requires the calculation of inclusive costs. To invoke the marketplace, as if calling upon the Holy Spirit, is to limit ourselves to the narrow and short-term interests of exclusion.(IV - From Managers and Speculators to Growth)
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About John Ralston Saul
John Ralston Saul was a 20th-century Canadian writer and political philosopher. John Ralston Saul is a Canadian writer, political philosopher, and public intellectual. Saul is most widely known for his writings on the nature of individualism, citizenship and the public good; the failures of manager-led societies; the confusion between leadership and managerialism; military strategy, in particular irregular warfare; the role of freedom of speech and culture; and critiques of the prevailing economic paradigm. Read more on Wikipedia →