"... While these things have temporary effects on the movements of money, in the long run we benefit from having other people making discoveries alongside us, rather than continuing to scrabble in rice paddies."
I think you're somewhat right but I get the feeling that this model is wrong when one side is nobbling currency rates and locally incentivising the newly arrived industries to the point where, for instance, nearly all Vitamin C worldwide is produced in the country that gave us melanine-laced milk and automotive-exhaust-dried tea. Is that smart for any of us? The only safeguard is that QA for export-bound products are stricter because other countries' regulators are more transparent, therefore more accountable and reliable. But market forces only work well when there are no well-established bullies (especially not 147 colluding ones) or even determined alternative rule-set writers.
And lest anyone think I'm fear-mongering, what about solar panels? The markets are only fair when the rules are all becoming more stringent on all players regardless of source and buyer and where the measures used for exchange are equitable. My hope is that greater public wealth will lead to greater openness and accountability, but it hasn't always panned out very well.
Still, I also look forward to the day when some kind of abundance is available to everyone, when we all get much better at use and re-use as opposed to use and using up. Science and technology can get us there if the greed of the few doesn't prevent it. I think our vision as a race tends not to be big enough (worrying about our own rice bowls, all too often, all too appropriately) and we're way too short-sighted and too prone to getting into shouting matches over individual issues in the larger overall programs available to our imagination.
Should I answer a non-cow? okay. one point.
You are committing a category error between Gilles Duceppe (a man bent on splitting Canada up) and Barack Obama, together with so-called "big government socialists" (who have no intention of splitting the US up).
Okay, that's not an answer so much as a dismissal. Your thinking is simple in the fashion typical of those who are only reading certain varieties of history and economics. I recommend you balance Newt and the Austrians with some Walter Russell Mead, for starters -- and then check out Hernando de Soto's "The Mystery of Capital". Our systems in all their frailness are precious and ought to be preserved, not burned down -- nor should their looting by plutocrats be suffered to continue.
I do know what malinvestments are and I have seen enough bubbles and busts to suffice for five lifetimes but Ron Paul's ideas remind me more clearly of those of William Roper's views on giving the Devil the protection of Law in the movie "A Man For All Seasons". Ordinary folk won't find shelter from the resulting storms if you allow Ron Paul's ilk too much latitude.
Support for Ron Paul by the young and sometimes geeky has intrigued me for some time. Is it a result of reading Ayn Rand? Is it because his ideas seem so much more sensible than so many others? Is it because he does not appear beholden to any lobbyists? Is it primarily because he wants to end drug Prohibition? Possibly all of the above.
But it's also confused me because a number of the things Ron Paul wants to do away with are things that help the young find their first footholds -- things like student loans (or even grants). When I read this headline, I thought for just a second that perhaps Dr. Paul wants to throw open the universities for all, call a full education a civil right that you get to take advantage of based on merit. But I dismissed that thought before I saw the rest of the post, and I was right to do so. My response: his analysis may have some truth in it but it's so simple as to be suspect, in my view. On balance, like much of what Ron Paul says, it's too simple to be right.
Whoever thinks Ron Paul is cool, whatever lobby groups he is not beholden to, make no mistake: the Ã¼ber-rich and powerful wish his ideas well because their adoption would entrench and deepen the growing class divisions in America and put an end to the American dream as anything but that: a wistful dream of what expectations used to be.
Something is rotten in the way the US is going these days. For instance, in my lifetime, before 2008, I had never heard a leading politician in the US say of their president from the opposing party that they wanted him to fail. Whether you agree with Mr. Obama or not, that attitude on the part of any member of your government is pernicious. I'll stop there because the list of things going wrong is so long (most of them decades in the making) as to make this too-long post ridiculously so.
But Ron Paul is not the answer to those problems: his ideas (and incidentally those of the Tea Party) are only going to help the rich get richer and inherit the meek (and the not so meek). Do yourselves a favour, folks, and elect leaders that remember what they learned in Kindergarten (without forgetting all the things they learned since) and value their neighbours over hard lines -- internal neighbours, of course! I wouldn't advocate that you would elect the people I, your Canadian neighbour, want you to elect. I'm just confident that if, overall, you voted in line with your interests (and that may take a lot of thinking to figure out who's going to serve those best) and do well, then you won't become neighbours that we have to fear from across that longest unarmed border in the world.
be good to each other, folks...ank
To quote from somewhere in the middle (and I almost feel I should shout SPOILER ALERT! first):
What should that new frontier be? It almost doesn't matter as long as it is big enough to capture the fancy of hundreds of millions of people. Your ideas are just as good or better than mine. But since I have a couple favorites I'll throw them on the table. I think our next frontier should be a combination of additive manufacturing and autonomous flight.
The rest of the article does give one something to think about, if only to wonder what he's been smoking lately.
But any advance in this area is a good thing, if you ask me. We don't have enough copper to serve everyone's needs and its Ohm's Law losses are too much to be acceptable in the future.
I have to say, that while the overall layout may appear nicer, neater, whatever, I still think the lighter-weight older versions served my needs adequately without taking advantage of all the additional bandwidth either in the pipe or in my boxen: in short, leaner and meaner is preferable. It wasn't busted as far as this simpleton was concerned.
Unfortunately, governments (and this is especially notable outside the west, see Churchill's praising-with-faint-damns of democracy) are often the bullies and rackets that oppress their people.
Wikileaks is not a replacement source of such protection, but at least it can be a means by which the stories are told instead of being buried. Ask the relatives of Pinochet's victims: things would have been better, if only marginally, if they could just have KNOWN what had become of their loved ones.
About 30 minutes after the first artillery shells landed in Seoul, a nice mushroom cloud would appear over Pyongyang.
This only avoids the larger conflagration if the nukes fly in from China after a clear note to the permanent members of the security council, Japan, Korea, followed by a press conference at the UN.
I'm having an "Obi-Wan senses the destruction of Alderaan" moment just contemplating the possibility.
The life of a repo man is always intense.