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If you live with less, you perhaps support the rich less. And perhaps this will help everybody. As long as we continue to support the political agenda of the rich with consumerist buying habits, so long will they be in power. And perhaps no longer than that.
by bil on Mon Feb 5th, 2007 at 12:53:34 PM EST
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I am not sure any more that's the right way to put it. The fact is [cue in Keynes] that we don't know how to run an economy that is not demand-driven, hence consumerism.

"It's the statue, man, The Statue."
by Carrie (migeru at eurotrib dot com) on Mon Feb 5th, 2007 at 01:42:19 PM EST
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Is what we've got, in fact, running? Isn't that what we are discussing? That it's not running? Or at least not running in a way that satisfies the higher aspirations of humankind? Which may at this point include survival.
by bil on Mon Feb 5th, 2007 at 03:17:35 PM EST
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I agree, but we don't know wny better. If we don't consume, we get another recession like in the 1930's. That's the best of our understanding of how to "run" our economic system. It sucks.

"It's the statue, man, The Statue."
by Carrie (migeru at eurotrib dot com) on Mon Feb 5th, 2007 at 05:29:24 PM EST
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consumption

can we distinguish between commodities and equities, when we discuss domestic investment strategies? i'd say they represent different types of "demand", each starving consumers in ways consumers can't control.

there is no linkage between commodity and equity in fiscal policy anymore, is there?

commodity market making, processing, and distribution are centralized events far removed from consumers. since the collapse at bretton woods, paper and central bank lending rates (to purchase derivatives) dominate measures of national "wealth". G(x) nations meet to coordinate monetary policy -- military investments.

is it too fantastic to admit that the free market is or always has been an multinational command-economy? that the same planning disaters produced by the soviets and maoists are thinly veiled by 24/7 info and cryptic commentaries?

Diversity is the key to economic and political evolution.

by Cat on Mon Feb 5th, 2007 at 07:59:15 PM EST
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