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Politics : View from the Center and Left

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To: Fred Gohlke who wrote (11035)2/7/2006 10:30:54 AM
From: TigerPaw  Read Replies (1) of 541839
 
Perhaps you'll offer a critique:
That is often a dangerous request.

The first part reminds me a great deal of a subject near and dear to my philosophy.
What is wrong with the pursuit of self-interest?
There is nothing wrong with it ... until it is carried to excess.


Compare that to this 40 year old essay:
dieoff.org

Those who have studied electronics learn that a signal which is amplified and then rerouted to itself will increase beyond all limits until the amplification system fails to preserve the signal. (This is often heard as the high-pitched noise when a performer gets his microphone too close to a speaker). It's a feedback loop. This squeal can be controlled if the signal that is fed back is inverted, that is to say less signal is fed back when the output is loud and more when it is quiet.

The second part of your essay seems to refer to an economic negative feedback control in the form of a citizen's tax. I think this in general is the right approach although there are many specific methods that can produce a negative feedback control cycle to economic systems. Furthmore, the math is well understood so that the effect of systems can be predicted. Unfortunately, there seems to be few outside the electronics field that understand the nature of feedback and control systems. oz.net
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