Socialism works only on a rudimentry level. like food security and
medical security. It fails to work in the higher areas of the economy.
Socialism cannot produce a Nike shoes or a Mercedes car
The unholy nexus between huge corporates and politicians leads to
corruption. I agree with you. Innovative technologies can be real game
changers. We are heading into a third wave civilisation.
Reagan administration dismantled many of the safeguard banking
regulations. This is because the bitter memories of the depression 1930's
began to fade away. De-regulated banking has again created chaos.
--- On Sun, 3/21/10, tartbrain <no_re...@yahoogroups.com> wrote:
Subject: [FairfieldLife] Re: Today is the First Day of Spring!
Date: Sunday, March 21, 2010, 1:22 PM
The diversity of opinion in the world is a wonderous thing. And that one would
be in favor of sustained world poverty is an intriguing view.
If you actually mean that you hate:
- facade democracies that allow corrupt, crony elitists to rape and pillage the
economy
- many instances of inappropriately regulated markets, often the result of the
above,
-current schemes of regulation that are often corrupt and a tool of neo-robber
barons,
- global corporations allowed to become too big to fail and have the world
economy by the balls,
- bailout of global corporate behemoths by the US because their war room rape
and pillage headquarters are in new york,
- the american dream of equal opportunity is a travesty as education receives
lower and lower priority
- that all corporations and citizens should be responsible for the costs they
cause and incur on society -- pollution is a good example.
then we are brothers in arms at the barricades -- in staunch disgust and
rebellion at current political and economic structures
However, if you are dismissing or deriding the transformative power of
appropriately regulated markets (and we have a long way to go to reach optimum
regulatory levels and structures), entrepreneurship and innovation to lift
billions out of poverty (still a long way to go) then we do differ. Yannus,
founder of Grameen Bank -- the first micro-finance bank for the poor, and Nobel
prize winner, is an enthusiastic advocate of markets, capitalizing the poor,
and the failure of government programs, to raise the world out of poverty. I
tend to agree with him from what I have seen.
And if you are arguing that command and control top down allocation of capital
is more efficient than appropriately regulated markets to allocate capital to
innovative and fast growing, game changing technologies and services, then we
also disagree.
