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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (11568)11/29/2001 11:07:38 PM
From: Don Lloyd  Read Replies (1) of 74559
 
Maurice -

...There is no shortage of information for those who wish to learn. The biggest impediment is ideology against the idea of individuals having importance in their own right in communities.

All societies are repressive and confiscatory of individual's and their property.

The greatest problem is not how to teach the use of capital to newly-minted individuals so much as how to stop those having power confiscating it, which is usually the same thing I suppose, since people vote for those in power and they vote for those who don't understand capital and what wealth is, which they do because they don't have a clue themselves.


Education as a prerequisite for employment is grossly over-rated. At least 75% of the jobs in a modern, complex economy can be handled by six months of on the job training. What is called education today is really incarcerated indoctrination. The result of 12 or 13 years of government schooling today plus most of post-secondary education is inferior to a fifth grade education of the 19th century. While a college education is necessary for many professional careers, in general, the economic value of a college degree primarily exists because it serves as a brand and filtering signal to potential employers, certifying the ability to pass a selective admission process and a sufficient degree of conformity to successfully endure an often boring and irrelevant degree process. The actual educational content is often so minimally useful as to be meaningless.

Socialism might work for a tribe, and democracy for a small country or state of limited geographic and demographic extent, but just thinking about the application of a unitary democracy to the entire planet, or even just Europe, is oxymoronic. The jury is still out on the constitutional republic, but stability is already clearly a problem.

No advanced or special education is required to function productively in a capitalist, free market, mutual exchange, division of labor, economy; just a normal level of human ingenuity and a sense of self interest.

Regards, Don
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