Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tejek who wrote (398554)	7/14/2008 2:03:10 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1575916

Ted, Where the market failed us is letting us fall into the oil trap. That's part of the imperfection of 'markets and capitalism'. Here we are in the middle of an economic crisis because for 30 years we allowed 'the markets' to dictate what we should do instead of what good planning demanded we do. Countries like Brazil planned for this day and are in good shape. Countries like the US are fukked. The market is good for some things but not all things. The only big difference I see is that we didn't build nuclear power plants like France did, since they were economically viable during the times of cheap energy. What would have been the value of supporting for some 30 years some money losing alternatives, that struggle for viability at $140 oil? And that with benefit of 30 years of technology development. Joe

To: tejek who wrote (398554)	7/14/2008 8:12:59 AM
From: Brumar89	Read Replies (1) \| Respond to of 1575916

Brazil allows oil companies to explore and drill offshore their country. We should emulate them.

To: tejek who wrote (398554)	7/14/2008 9:08:49 AM
From: i-node	Read Replies (1) \| Respond to of 1575916

Here we are in the middle of an economic crisis because for 30 years we allowed 'the markets' to dictate what we should do instead of what good planning demanded we do. We are not in the middle of an economic crisis. The "economic crisis" is a political ploy on the part of Democrats to win an election. As Phil Gramm pointed out, there is not even a recession, let alone an "economic crisis". Countries like Brazil planned for this day and are in good shape. Brazil had a much smaller problem than we did.