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To: BGR who wrote (18471)3/16/2000 9:26:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
BGR, no i wasn't trying to declare human progress being at a dead end. i do believe that there will be enormous progress. however, i do not believe that economic cycles are dead, and i also believe that the current state of affairs is subject to a lot of hype emanating from WS.
i also think that the market already discounts quite a bit of our no doubt wonderful future.
let me put it this way: human history is basically a two steps forward one step back affair. the main reason for this is imo human nature, which remains unchanged no matter what.
the capitalist economic system moves forward in cycles...