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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (15164)2/18/2002 3:07:09 PM
From: elmatador  Read Replies (2) of 74559
 
Now we have a basis to discuss economics J. Like anthropologists study the remaining tribes in remote areas to understand sociology, to understand economics you have to know nations at the very stage of development.

The guy who works only when he needs new goods is acting rationally. The only incentive for him to do work is the benefit of acquiring the good he needs.

See, if he work fulltime -western style- a great part of his income would go to pay the government machine. Government machines in underdeveloped countries are utterly useless. The guy knows that.

He knows as well that if he works fulltime, the government appropriates of part of his income, so, he only goes to work for himself. Just look to the % of the underground economy in the developed countries to see what I mean. Or look to the companies incorporating in Bermuda for another example.

Governments are the main reason for keeping people idle. Now look to a developed economy. The helicopters overflying the roads to fine speeding people. The barracks full of soldiers and weapons. The other army of bureaucrats controlling everything else. All that costs a lot of money. And who pays is the fulltime working people.

If people could appropriate of all the money they generate, of course they would work fulltime and hard. But to feed the fat cats? No way Jose
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