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To: Maurice Winn who wrote (19494)	6/7/2002 4:26:53 AM
From: Don Lloyd	Respond to of 74559

M - From Murray N. Rothbard, Man, Economy, and State, Volume II, pages 743-744 : "...falling prices resulting from increased productivity are beneficial to all and are precisely the means by which the fruits of industrial progress spread on the free market. Any interference with falling prices blocks the spread of the fruits of an advancing economy; and then real wages could increase only in particular industries, and not, as on the free market, over the economy as a whole...." Regards, Don

To: Maurice Winn who wrote (19494)	6/7/2002 8:27:40 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi Maurice, repeat after me, (a) Globalization destroys revenue, costs, and existing enterprise structures, (b) pulverizes profits, (c) devastates motivation for investment, (d) OK for the rich folks who can opt out, (e) great for the poor folks who want to opt in, (f) terrible for the folks in the middle, (g) thus will cause democratic blow back, and (h) therefore horrible all around; but (i) if no globalization, rebellions at the periphery will eventually hit at the core, anyway, anyhow. Either way, we are in a mess, due to the inevitability set in the clock of history, wound up, and now ticking. Think hard about what is noted above, and know deep down to your core that they are true. Chugs, Jay