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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (252844)	1/2/2008 2:54:21 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

Katelew, communism, central planning and "very important people" standing in around a big map deciding how to spend big heaps of money has been tried and found wanting. It's nice to see a few of you are still around for historical interest. < At the top you have 9 people standing in front of a big map of the country deciding how many billions of dollars to send to which province to build roads, bridges, railways and all the rest of the necessary infrastructure to support state-of-the art factories that can be built in a few months instead of years. Their input comes from 300 individuals at the provincial level who gather data and present their cases. It's decisive, it's efficient, and it's a cost-effective use of resources. > I'll take Ron Paul and him leaving the people who earned the money to decide how it should be spent. The reason they have it in the first place is because they knew what to do with capital and effort and didn't waste it on dopey ideas. As soon as they do, they are out of the business of allocating capital, unlike those "decisive, efficient, cost-effective" "leaders" you like who simply raise more taxes to spend and pass more regulations to control. <I saw the very end of a CNBC interview with the president of Dow Chemical. He was angrily calling on the Bush administration to demand higher fuel efficiency from automakers. > That's odd. You'd think the Dow Chemicals guy would demand the president force the chemical industry to be more efficient rather than go out of his field into things he doesn't know about. Note to self - Dow Chemicals is sure to be badly run if it's true that the president of it thinks like that. Shares of Dow Chemicals will not go well - unless they are supporters of the right politicians and get orders for lots of chemicals from said politicians. Mqurice Edit... that's interesting, Dow is doing very well, has great profits, low P:E, steady growth in share price over decades, with some ups and downs of course, but overall improvement. One of the puzzles of life.