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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (96766)4/21/2009 1:54:26 PM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
I must confess that both honorable economist are a pair of plain idiots.

the present debacle is exactly because overspending, wasteful consumption, which in turn generated overcapacity and enlarged the pool of employees above the actual need to generate/produce the widgets and foodstuff the world population needs.

the whole pretense that spending beyond our means will revive the economy is wrong - savings and wise allocation of capital revives the economy

the whole pretense that consuming beyond our needs will revive the economy is wrong and misconstrued but offers the hope of a temporary quick fix

advances in process technology brought about the fact that less work is needed to grow/produce a unit of food or manufacture a widget

the one that should be punished should be those that live wasteful lives of consumerism - like throwing to the garbage valuable food and more so those that continue to procreate way above the present need to maintain the world population in equilibrium preferable below present level of population by a billion or two.

We as humans will fight to abandon any specie on earth that would multiply well beyond a sustainable level from deer to elephants etc. and the most obvious example are the swarms of locusts who devour everything organic in their path

the question is why we treat humans differently? after all there are plentiful or ways to lower the birth rate without surgical intervention to abort the fetus
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