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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (273004)	2/8/2006 10:57:56 PM
From: combjelly	Read Replies (1) \| Respond to of 1573227

"The US produces over 20% of the worlds wealth. Its not unreasonable that we consume a similar percentage of certain resources." If we were primarily a manufacturing economy, you might have a point. But we are primarily an IP or investment economy. And that means we shouldn't track with commodities. Come on, you are the Austrian School guy here...

To: TimF who wrote (273004)	2/11/2006 5:08:47 AM
From: tejek	Read Replies (1) \| Respond to of 1573227

Capitalism has not been able to cure us of that underclass. Because the underclass is defined in relative terms. If the economy as a whole had 100 times as much real wealth and the underclass had 20 times, than most individuals, including most individuals in the "underclass" would be financially better off, but official statistics would show a large underclass and a greater disparity in wealth. That is just not true. We have been a capitalist country for centuries and we continue to have people starve. There is no great degree of starvation in the US. Even the very poor generally don't starve and often are financially as well off or better off than doctors or other relatively upper class people in the poorer third world countries. Sorry, you are out of touch. You clearly have never been to the ghetto or the barrio or to a tenement in an American city. Sure the favelas in Brazil or the tin shacks in Mexico are worse then our slums, but not by much. And our poor do not live better than doctors in third world countries. That is just plain not true. I do not want to wait til the capitalist system kicks in after we have depleted a resource to the point where it is in short supply. Official total global oil reserves have continued to increase. You might not trust those official figures. Maybe you have good reason not to, but than you should develop the argument that resources have already declined rather than just saying that they have when by official figures they have not. Whatever the current reserve situation is, they will go down at some point, but "resources" means far more than just conventional crude oil. Eventually conventional crude oil will probably play a an insignificant role in our energy use. That fact doesn't imply that our total energy use will be lower or that the the value of human production will be lower. Sorry, Tim, your inverted logic goes against everything I have ever learned.