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To: John McCarthy who wrote (29117)	1/7/2007 7:39:57 PM
From: koan	Respond to of 78421

That was all too complicated for me John-lol. Simply stated: economics is as much a social science as a hard science, John Kenneth Galbraith was a good guy with a good heart and one of the greatest minds of all times; and last, Keynes by and large, is considered by history as about as smart as Einstein. I have a special place in my heart John, for the good guys-lol. I also help all stray and injured animals, that cross my path-lol. EC is a genius, and I always look forward to anything he posts.

To: John McCarthy who wrote (29117)	1/7/2007 7:58:10 PM
From: Metacomet	Read Replies (1) \| Respond to of 78421

That is a heck of a post. Not even sure what you are advocating but I appreciate the analysis on the mechanics of capitalism. In exposing the naked pulleys and levers in the system, it is easy to see what the problem is. Corporations can, and do, hire armies of MBA's to figure out how to move those cost and revenue intercept points. In todays version of capitalism, that is their sole reason for existence. And once you get that army of smart folks figuring out how to reduce costs and increase profits, they often stumble on constraints that need to be bent. Like laws, regulations, environmental concerns, ethics, all barriers that need to be broached in favor of the bottom line. And with enough money and political power, and money to buy more political power, and a whoring government willing to sell the political power, such as we now enjoy, the intercept points can really be moved quite a ways. Just ask Lee Raymond or Jack Abramoff since we can't ask Ken Lay anymore. I think the dilemma is how to harness the obvious power of capitalism as an economic engine but keep it from becoming an unchecked, all consuming destroyer of all in its path in pursuit of profits.