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But I'm talking about improving the capital base of the private sector. Which it is the modern fashion to keep government out of.

And that's not an entirely bad thing, either. Remember GOSPLAN. Though of course, state involvement makes far more sense in some industries (centralized, commoditized, capital intensive) than in others.

Still, there are indirect ways to improve the business climate and increase capital investment. Tax breaks for investment, improved infrastructure, improved higher education, reduced bureaucracy and corruption, and so on. These are all things which lie under the control of the government.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Dec 14th, 2011 at 09:10:26 AM EST
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