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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (53071)2/8/2006 1:00:33 PM
From: GST  Read Replies (1) of 110194
 
<capitalism is that it doesn't require politicians to organize productive activity>

Oh Grace, how wrong you are. There are two spheres in life at minimum -- the public and the private. Knowledge creation and innovation are social -- a combination of public and private. The US government spends upwards of half a trillion dollars a year on "defense" alone (not to mention trillions in other areas). Our public life steps heavily on our private life in one area after another. Like it or not, government plays a key role in decisions concerning things like immigration and trade laws, health care and retirement income, education, etc., that directly impact the core of our public and private economic lives. Yes, where it does not matter they should get out of the way. But to deny that there is a civic dimension to the economy? Hah -- that is nothing more that ideological babble.
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