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Non-Tech : Kirk's Market Thoughts

COHR 181.67

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Dec 5 3:59 PM EST

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To: TigerPaw who wrote (12304)	10/27/2021 12:14:20 PM
From: Sun Tzu	Read Replies (2) of 26704

Do you know why the soviet union fell apart? It wasn't that socialism completely sucks. From going to the space to advance medicine, the whipped a backwards nation into a world superpower. They ceased to exist because it did not have a proper system of checks and balances. The same people who made set the rules, also made the investments, set the monetary targets, planned social engineering, and so on and so forth. It was the groupthink and the national echo-chamber more than anything that brought them down. How different do you think the US today is from the US of 1989? How aligned are the same people who set the rules with those who set investment targets, monetary policy, social policy, etc? A strong government is only an advantage if it is also a diverse government with many checks and balances. The wisdom of the crowd rather than capitalism, democracy, or anything else is what makes for good government. Democracy and capitalism are just meant to be mechanisms that harness the wisdom of crowd. When that mechanism is short circuited, a strong government will just do more harm.

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