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This is the elephant in the living room. Instead of encourage debt-for-cunsumption as a way to push the depression until after the ext election cycle, someone should come out and ask the question if our per capita income is going to take a big hit, how do we manage the transition on our terms so the outcome is best for the most"?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Mon Jun 12th, 2006 at 05:35:39 AM EST
[ Parent ]
I'd imagine it would be a difficult argument to make in the west because "best for most" would be to diminish living standards here quite severely in orderr to improve them in the 3rd world.

We may be living off the broken backs of the 3rd world, but few will accept a serious downgrading of their income in order to help out. It's the way people are.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jun 12th, 2006 at 05:48:43 AM EST
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I am assuming the downgrading of our income is happening as we speak and is inevitable, so we might as well manage it. You know, proactive instead of reactive.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Mon Jun 12th, 2006 at 06:32:30 AM EST
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Well, if we take on board the thoughts of the economists and psychologists in the happiness measurement fields then even if we stay as rich as we are now, the mere fact that other nations becomes less poor has a similar psychological impact as us getting poorer.
by Metatone (metatone [a|t] gmail (dot) com) on Mon Jun 12th, 2006 at 07:07:16 AM EST
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That doesn't feel right: other nations are too far away for the status comparisons to work I think.
by Colman (colman at eurotrib.com) on Mon Jun 12th, 2006 at 11:57:30 AM EST
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The global economy isn't a Set because it is impossible to give an exact definition such that one can determine if an entity is a element.  I submit, if carefully read, there is a great deal of ambiguity - to put it nicely - in economic discussion between what are Sets and what are Properties.

And if you don't have Sets you don't have mathematics as a necessarily Valid tool.

by ATinNM on Mon Jun 12th, 2006 at 11:23:28 AM EST
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So you can use category theory, where you do have a way to talk about the difference between stuff, structure and property.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Mon Jun 12th, 2006 at 11:25:19 AM EST
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Explain precisely what you mean here? You're building a model, so obviously you have to draw a line somewhere.
by Colman (colman at eurotrib.com) on Mon Jun 12th, 2006 at 11:42:08 AM EST
[ Parent ]

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