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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: mcg404 who wrote (43621)	12/18/2003 10:12:02 PM
From: AC Flyer	Read Replies (1) of 74559

>>except that i'm afraid you are are using 'human economic activity' and 'wealth' as synonyms for 'society' and 'well-being'<< Did I say that? I don't think so. Nevertheless, since you broached the subject, I do believe that by and large, economic development is the primary answer, the sine qua non to quote elmat, to all of mankind's ills. Why? It is only when a society has the ability to produce more than it consumes - i.e to generate surplus resources - that some of the broader commons-type issues get addressed. No-one worries about clean air until they are regularly getting enough to eat. You used the idiom, "I'm afraid...." in your post which means you are probably a Brit. When I immigrated to the US, it took me several years to lose the habit of saying "I'm sorry" in a situation where an American would say "excuse me". The invariable response to "I'm sorry" was "don't be sorry," which pissed me off no end. The point? If you are in fact a Brit you carry a lot of pseudo-socialist psychological baggage that you are largely unaware of, of the "money can't buy you happiness" variety. This is intrinsic to the "all pigs are equal" socialist Euro-economic culture. I strongly suggest that money can in fact buy happiness, on both an individual and societal level. What money can not do, however, is substitute for personal and moral deficits. It takes more than money to fill those kinds of holes.

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