SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (19935)12/31/2004 12:51:42 PM
From: GraceZ  Read Replies (4) of 116555
 
Well the good news is that a free market price coordinated economy works so well that it's not necessary for most of the participants to understand why it works in order to receive it's benefits. This is very good, because, like you, most are completely ignorant of how it works! Even here in the US which hasn't suffered from 80 years of state supported Communist propaganda. They see plenty or poverty and they think some mysterious force is at play, just like how the primitive peoples assigned various gods to explain natural forces.

Or they see some evil force. You look at Americans and see them as being somehow "other" than yourself, more greedy, less generous, consumptive, swallowing the world. A rising standard of living is the natural outcome of the free market. Your own country has learned this the hard way, after years of impoverishing their own people with their failed political theories. Now the cheapest resource on the planet is your own people's labor. I can understand why you resent this, but your anger should be directed at those who kept you poor, not those who will bring you up!

These various anti-globalization moments simply strive to keep less developed nations at the same level of poverty they now exist in. This must seem OK for you since you have the luck and privilege to escape. Frankly, I find it rather selfish and inhuman to deny my own good fortune of living in a free market economy to others and I think most Americans would agree with me. This is why we have fairly liberal immigration policies and have dedicated ourselves to open trade agreements even at our own expense, even suffering those who rail against them with misplaced self-rightousness.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News