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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (14198)	2/17/1998 8:22:00 AM
From: Liatris Spicata	Read Replies (1) of 18056

russell- Your message is a bit much for me to respond to fully at this time- I will try to do so later. But I would like to extend my sincere condolences to the lady ice hockey players of the Frozen Norseland. Oh Canada! It sometimes amazes me that Canadians can be so ferocious on the ice, but when it comes to politics they always seem to want to wimp out a compromise! Now, more to the point. <<Russia had reached a pinnacle of pure capitalism IMO, in the end they had nothing to lose but their chains.>> I'm not sure to what time you are referring. Certainly in the 1990's Russia is a classic example of crony capitalism. Although Friends of Boris can do quite well with private ownership of the means of production a truly free market cannot be said to exist in Russia today. The payoffs to government and the refusal/inability of the government to reign in organized crime- a legitimate function of the state IMO- have worked enormously to the detriment of contemporary Russia's development. Add to that an archaic legal system still half mired in days of the commissars, and you don't have a very fertile ground for investment capital. <<Our land is very young and had not been depleted hundreds of years ago.>> I worry a great deal about irreversible ecological damage to the only planet we know of that sustains life. But the economic consequences of our destruction of the biosphere are not yet apparent to most of the world. I expect they will be in the next century. Hong Kong, Taiwan, and Japan are all sterling examples of old nations who have adapted remarkably well to capitalism and have achieved commensurate economic results. Hong Kong and Taiwan, BTW, are also places where human activity has for the most part crowded out all other forms of life. In the short run they profit from doing so. <<Most of us are now chained to a desk and monitor for the best part of our days>> The average person today in the developed world- and much of the developing world- has a material level of wealth that exceeds the dreams of the common man of one or two hundred years ago. I gotta get to work. Regards, Larry

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