There is a Specter Haunting the American Economy...but who can identify it? It's name is increased liquidity at the expense of real economic structures and human need. Again, this always occurs with doctrinal Chicago School Economics. I would like to give the Milton Friedman award to well, Milton Friedman for introducing his students to the world. I hope they either have a plan to turn us into a cashless society on hand, or a plan to develop our own Ludwig Boltzmann floating brain society illustrated here: http://floatingbrain.com/
And discussed here: http://www.nytimes.com/2008/01/15/science/15brain.html
The point being the Chicago school has to change to one more reminiscent of John Kenneth Galbraith (if you are a democrat) or to John Nash (in a perfect world). If it continues in this doctrinal way the middle class will be gone, the productive potential of America will be off shored and the elite will have to manage in a profoundly multi-cultural environment. The way to do it, is not to ensure a race to the bottom, but to encourage a race to the top. This means regulate overseas and deregulate the egregious portions of labor laws here. Instead of subsidies, let us work on restructuring the work potential of each other. John Nash would like that. He would not like the increasing rise and development of anti-free market solutions we are seeing as he viewed them in the context of a political economy and felt that the lack of a free market and its inefficiencies always led to radicalism. Interesting theory. You see dissent in countries that are further to the left or further to the right than you typically do in ones that are cautiously working together.
This is an important point, it means that while history did not end when Francis Fukuyama declared it had, the mechanics of our economy may have started to end as early as 1999. http://www.sais-jhu.edu/faculty/fukuyama/
Either way, the specter is still out there and slathering enough green ink on wall street to ensure that the elite do not get their toes wet. For the rest of us, it is going to be a down pour or a Kondratieff blizzard....
http://news.goldseek.com/bullnotbull/1205302260.php
http://www.kwaves.com/kond_overview.htm
And discussed here: http://www.nytimes.com/2008/01/15/science/15brain.html
The point being the Chicago school has to change to one more reminiscent of John Kenneth Galbraith (if you are a democrat) or to John Nash (in a perfect world). If it continues in this doctrinal way the middle class will be gone, the productive potential of America will be off shored and the elite will have to manage in a profoundly multi-cultural environment. The way to do it, is not to ensure a race to the bottom, but to encourage a race to the top. This means regulate overseas and deregulate the egregious portions of labor laws here. Instead of subsidies, let us work on restructuring the work potential of each other. John Nash would like that. He would not like the increasing rise and development of anti-free market solutions we are seeing as he viewed them in the context of a political economy and felt that the lack of a free market and its inefficiencies always led to radicalism. Interesting theory. You see dissent in countries that are further to the left or further to the right than you typically do in ones that are cautiously working together.
This is an important point, it means that while history did not end when Francis Fukuyama declared it had, the mechanics of our economy may have started to end as early as 1999. http://www.sais-jhu.edu/faculty/fukuyama/
Either way, the specter is still out there and slathering enough green ink on wall street to ensure that the elite do not get their toes wet. For the rest of us, it is going to be a down pour or a Kondratieff blizzard....
http://news.goldseek.com/bullnotbull/1205302260.php
http://www.kwaves.com/kond_overview.htm
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