Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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
[ Parent ]
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
[ Parent ]

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
[ Parent ]


Occasional Series