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.

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

To: Dan3 who wrote (108681)	2/22/2010 10:17:04 AM
From: Hawkmoon	2 Recommendations Read Replies (2) \| Respond to of 116555

countries that refuse to allow folks to sell their kids to the highest bidder aren't "free" as defined by believers in "pure" market economics. Yep Dan.. that's the point I'm trying to make.. Maybe there are a few warped individuals on this thread who see no problem with child labor, sweat shops, or generally treating labor as a expendable commodity. No need for benefits.. No vacation or days off. Just pay the least amount of money possible to attract that labor element. And if they get injured, calculate the economic cost of replacement versus repair. To live our lives along purely economic rationales and logic reduces humanity to labor co-efficients, and "human capital". It's fine to use economics to assist in explaining human existence, but we should not be enslaved by any particular theory. We should use it to better understand ourselves, as well as to improve our existence. At least, foolish me, I would like to think that the future of mankind is more than slavish observance to economic efficiency. In sum, economic theories should serve mankind, not the other way around. I know Mish thinks I'm crazy, or at least a pain in the @ss, but I think it needs to be stated. Hawk