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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (8259)9/6/2001 12:26:13 AM
From: Don Lloyd  Respond to of 74559
 
CB -

...The old fashioned way of looking at it is that if you don't produce, you don't eat. Even in socialism-land, doesn't it really work that way? Someone has to produce, otherwise no one eats. ...

By acting as a parasite on an existing global capitalist economy, national socialist economies can often, at least for a while, manage to keep from falling into the hellhole that a pure socialist economy represents. Even fixed, copied price tables are superior to no prices at all. Under socialism, people can still eat as long as victims remain to steal from.

Regards, Don



To: Ilaine who wrote (8259)9/6/2001 12:29:38 AM
From: LLCF  Respond to of 74559
 
<Seems like you're saying a decline in consumption is the trigger. How do you know it's not a decline in production? J6P both produces AND consumes. Which comes first?>

It's decline in consumption... look at the sales numbers in tech for example. Don't worry about production, this engine has been producing too much for quite a while now :)

dAK



To: Ilaine who wrote (8259)9/6/2001 7:42:26 AM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
>>How do you know it's not a decline in production?

Consumption is the most likely thing to decline first, given the extend of consumer indebtedness, the lack of savings in the last few years, and the high consumer satiation level.

[Edit: removed paragraph]