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Gold/Mining/Energy : Gold Price Monitor
GDXJ 110.89+1.8%Dec 10 4:00 PM EST
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To: Amelia Carhartt who wrote (13149)6/14/1998 6:43:00 PM
From: ahhaha  Read Replies (1) of 116811
 
If our government would get out of the way of the people to the extent that the Japanese government has, we would out compete them substantially. They know this. They fear that we will eventually learn what we taught them about how the practice of free market capitalism creates the greatest wealth. We have gone off on some idiot tangent worshipping fairness and achieving nothing from it much less fairness.
We aren't as bad as we were years ago, but the swing to the left in the last ten years has moved us back into indolence. Once this swing has played out, the realization that in economics competitive position is critical, will bring about a new attitude towards work and compensation. When that happens, the nature of the industrious American will be realized. No nation on earth can produce like we can.

If we really got going, the foreigners would have a hard time keeping up and they would end up trying to create a more streamlined system that doesn't investigate every bad chance in the process of discovery of the better way. The recessions which are part of bad chance discovery are just as necessary as are the good times. Streamlined systems have the property of putting much power in the hands of an individual in order to realize expedition. You get executive action without the slow process of Congressional review. The problem of such pseudo-efficient states is that the leaders compromise the discovery process of free markets and introduce elements of inefficiency as part of the program of expediency. Such nationwide mandate empowered individuals are first leaders, then monarchs and inevitably tyrants.
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