Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (23911)	10/5/2002 9:10:36 PM
From: Don Lloyd	Read Replies (1) of 74559

Maurice, ...That method book is about processes and blah blah blah, which seemed correct as far as I read, though he got one part wrong, which was that the west just got to be better by power. No. It got better by better thinking, not by power. ... Those are both wrong, IMO. The West got better because power and authority decay through both actual and virtual inbreeding and a lack of effective corrective mechanisms, and cannot be easily and economically projected over vast geographic extents, first England, and then the New World. The lack of effective authority and the presence of both isolation and porous frontiers allows a far more effective unplanned spontaneous order to emerge as self-selected individuals must provide for themselves. Regards, Don

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