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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (80458)	6/22/2008 10:09:45 PM
From: JohnG	Read Replies (1) \| Respond to of 116555

koan. Well, we are 80+% in agreement. Economics does teach us that there are externalities imposed on 3rd parties -- and the free market can ignore these external costs causing major distortion (ex. the public pays a price for polution and that price is not included in a free market for energy use). So, adjustments should be made by public policy. The problem gets to be that public policy is made by politicians -- not those hypothetically intelectually pure philosophers of which no government in the history of mankind has ever been seen. Thus, in some cases the political policy solution can be worse than he problem it portends to fix. Still, it is good that the idealistic younger generation has a heart and the energy to try to fix these things. I am aware that the Soviets adopted pseudo science relating to seed improvement with such political fervor that any speaking out might end up practicing agriculture in siberia. Similarly eugenicswas the rage among many notables like Teddt Roosevelt, Woodrow Wilson, Orson Wells during the first 1/3 of the 20th century. We shouldn't polute the gene pool with inferior groups of humans --- no scientific proof--just a widely held belief. Amazingly, after WW II, no one would take ownership of this theory. I wasn't talking systems theory (though it may relate). I was talking strategic planning. Regarding Obama, I guess you are a true believer whereas, I remain skeptical and also feer his general lack of experience in areas for which the POTUS requires a very good grasp. I doo agree that the man gives one heck of a prepared speach.