Heh. They're both right...
Quote:
Originally Posted by
slapout9
He is convinced our economic models will fail because of Criminality!!!!!he believes the best economist to explain the current situation besides himself is Thorsten Veblen.(brief synopsis: Veblen believed whenever you have unregulated free markets sooner or later they will all be taken over by crooks)
However, they fail to consider that so too will regulated markets also be taken over by crooks -- as will centralized economies. Instead of moaning about those facts, just accept 'em as a part of the human condition and insert checks and balances to counter quite normal and always present human greed. The human condition is inherently unstable -- that is not going to change, perfect security and / or stability will never be attained as long as animals are involved...
Yes. We could -- but at what cost?
Quote:
Originally Posted by
slapout9
I agree we will never have perfect security/stability BUT we can do a whole lot better than what we are doing now.
Not in dollars, we have more of those than we probably need (not that we spend them sensibly...) but in freedom and self reliance? We've already cur both those things in half compared to, say 1950. Certainly many things are better now than they were then were -- but many are decidedly worse particularly with respect to those two issues...
That address stability which we can improve upon little if at all. It's a people thing... :D
Well, he did write "...almost all."
Out of curiosity, are you discussing tectonics or tech tonics?