RE: FORBES OP/ED blasts the global market.
May 20, 2019 at 10:16 am
(This post was last modified: May 20, 2019 at 10:23 am by BrianSoddingBoru4.)
(May 20, 2019 at 10:11 am)Brian37 Wrote:(May 20, 2019 at 9:54 am)BrianSoddingBoru4 Wrote: I take your point about cars, but when your car breaks down do you hire an auto mechanic or a lumberjack?
Boru
Way to miss the point.
Ask a communist if they think their system works, they'd say it does. I'd say China's authoritarian market which is communist as well as capitalist has done well over the past couple of decades.
They have billionaires too. So even with theirs it still amounts to the rich an powerful trying to sell their populations they know what is best for their communist party.
There is no such thing as a perfect economic ideology. Every human needs resources, every nation has powers that seek resources. There is not one nation in the world that does not invest in the global market. In the end it still amounts to wealth and power.
Our billionaires since Reagan basically handed them lopsided power, have eroded the middle class and worker stability. It isn't enough to simply argue "let the rich do what they want". China's billionaires do that too.
Wealth in power always exists, no matter the nation. The only argument to be had in reality, are what checks on that wealth and power can maximize stability without violating human rights.
The planet is a globe, not flat, our global economy is connected no matter what.
I value an open west, but even given that, I do not value abuse of wealth or power.
The worlds billionaires are simply creating a short term exploitative economy, and that can benefit both friend and foe, but it is still short term thinking. The planet's resources are not infinite regardless if friend or foe use them. The planet cannot simply consume it's way to prosperity. Long term planning and problem solving that creates more global stability and reduces poverty and pollution are better long term goals. But that is not what the world market is currently.
Well, my point is that an economist is better qualified to speak on the economy than is a physicist.
Be that as it may, thanks for the long, involved screed about points no one raised.
BTW, the article to which you linked is not an OP/ED.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax