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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: GraceZ who wrote (13231)10/10/2004 11:58:05 PM
From: ThirdEye  Read Replies (8) of 116555
 
Grace, it looks to me as though you are making two errors in your thinking here. First, to say that we live in a country where everyone is told that someone else is responsible for their welfare is not only simplistic, it's just plain false. Even if you completely overlook the rampant consumerism that is drilled into every citizen from an early age, no one is guaranteed a living or endless support beyond what they work for, except when politicians pander to such a notion. The set of reasons people buy that beemer instead of the Ford or the Sub Zero instead of the fridgidaire are more related to why they increase their bets and roll the dice one more time in Vegas than they are to what the government tells them. It's the same set of complex psychological reasons that prevent people from selling when their stock goes down or that leads them to think they can get away with ignoring their investments.

Second, you also err in believing that anyone can(or worse, should) be like you. That is simply not the case. The fact that this is true is more of an indictment of our educational system than anything else. People are not prepared to actually take their lives into their own hands. If the society truly wanted to promote that ethic, they might be given the tools somewhere along the way. Even so, it's not clear that your Rayndian world would work anyway, since it's in the interest of business both to promote social structures that provide an educated workforce that can accept responsibility for some of the risk or life while also being quite happy with an endless supply of dependent and cheap labor. The world you long for was left behind a hundred years ago. Get used to it.
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