My media week 04/04/10

In a typically provocative Spiked article Brendan O’Neil argues why humanists shouldn’t join in this Catholic-bashing.

 In this short video – Disastrous Economic Fallacies – Terror as Stimulus? – Tom Palmer, attacks the broken window fallacy. The parable of the broken window was created by Frédéric Bastiat in his 1850 essay Ce qu’on voit et ce qu’on ne voit pas (That Which Is Seen and That Which Is Unseen) to show the hidden costs associated with destroying property of others. Thus some economists argue that destruction can be good; the video quotes Nobel Prize winner Paul Krugman analysing September 11th:

“… the terror attack – like the original day of infamy, which brought an end to the Great Depression – could even do some economic good.”

 Open Democracy has a fascinating piece about IKEA’s failure in Russia: Kafka’s Castle is collapsing. It is an illuminating example of the importance of creating the right environment for wealth creation.

 The Onion has this excellent video: Scientists Successfully Teach Gorilla It Will Die Someday


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