Niall Ferguson is Nasty, Brutish and Tall
Niall Ferguson believes that Keynes didn't care about future generations because he was gay and didn't have children. That's the reporting from Tom Kostigan from the Altegris Conference in Carlsbad, California.
"[I]n front of a group of more than 500 investors, Ferguson responded to a question about Keynes' famous philosophy of self-interest versus the economic philosophy of Edmund Burke, who believed there was a social contract among the living, as well as the dead. Ferguson asked the audience how many children Keynes had. He explained that Keynes had none because he was a homosexual and was married to a ballerina, with whom he likely talked of "poetry" rather than procreated. The audience went quiet at the remark. Some attendees later said they found the remarks offensive. ...
"Ferguson, who is the Laurence A. Tisch Professor of History at Harvard University, and author of The Great Degeneration: How Institutions Decay and Economies Die, says it's only logical that Keynes would take this selfish worldview because he was an "effete" member of society. Apparently, in Ferguson's world, if you are gay or childless, you cannot care about future generations nor society."
Meanwhile Ferguson's heroes have spent the past 30 years stealing the livelihoods from working people and beggaring their children... Why are right wing pundits such nasty, selfish, self-serving, ill-informed bigots? And what does it say of their "moral" universe? That it ends at their property line, perhaps. That it's as large as the inside of their safe deposit box on Grand Cayman. Among today's investor class there is very little regard for Burke's social contract ideas, so why did Ferguson make the comparison?
Speaking of swinish right wing punditry... There is a useful summation of the bully boy world of the late Andrew Breitbart by James Wolcott in the new Vanity Fair. The title of the piece is apt. The right wing in this country has all the human kindness of a Roman emperor watching Lions vs. Christians at the Coliseum.