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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (2613)	12/8/2005 6:20:55 PM
From: energyplay	Read Replies (1) \| Respond to of 219684

I think if we can look at long term economic development, a considerable optimism is reasonable. Even better, the rate of inmporovement has tended to accelerate over time. We have some countries - South Korea comes to mind - which have gone from having certain levels of malnutriton to to needing to have diet programs, like Weight Watchers and Jenny Craig, in three generations. We could even talk about countries which had very few phone lines not many years ago. Now we can call people in these countries to find out how bad things are... Here in Silicon Valley, in the 1970s a number a wildly optimistic people talked about EVERYONE having a AFFORDABLE home computer. These were considered either furitcakes or guys blwoing smoke to get free press coverage. Even the futurists had the dates for this happening around 2010 to 2030. (These guys revised their dates every few years so they started to look better...) Computer in every home happended much sooner. *********** I think some of the Pollyana view tends to make people more effective - if we think things can be better, we are much more likely to seek ways to make them better and to then act. This can also seen as making the optimistic view slightly morally superior to the pessimistic views, since it leads to effective action. I don't think God put us on Earth to sit around and bitch. Just my opinion. From an investment view, if more people in China and India get cars, there will be some good money to be made in oil companies, including Canadian Oil Sands. Absent that consumption growth, the Oil sands would have tended to be economically marginal for a few more years. As for me personally, being optimistic sure feels better. That doesn't mean I am not concerned about bird flu, debt, deficits, stupid politicians, and asteriod impact. But being optimistic sure feels better. Somedae I may even lern to spel.