Re: REALLY OT: News Flash
On Sat, 24 Feb 2007 11:05:59 -0600, Ron wrote in message
<[🔎] 45E07077.7080802@cox.net>:
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> On 02/24/07 09:05, Curt Howland wrote:
> > On Friday 23 February 2007 21:54, "Roberto C. Sanchez"
> > <roberto@connexer.com> was heard to say:
> >> Of course, nobody faults FDR for spending massive amounts of money
> >> on the New Deal.
> >
> > Don't speak so quickly on a subject you do not know.
> >
> > The New Deal in One Lesson By Christopher Westley
> > http://www.mises.org/story/1816
..the one important thing he did, was _panic_ and ban essentially _all_
Wall Street trade, and regulate share holder ownership in companies to
protect the minority share owners so todays business could get started.
Everything else was just panic noise and it probably slowed recovery
too. The Brits went thru the same thing in the 1870'ies and set up
similar legislation to fix this same flaw.
..I'm still waiting for Norway, Russia, Nepal, Belize, China, India, to
name 6 who needs to fix this flaw. Then I'm ready talk business. ;o)
..todays industrial flexibility comes from being able to not only trust
your majority owner and tell him about your inventions, and remain able
enforce spirit of your original agreement with your majority share
owners. Without this industrial flexibility, and without the Red Army
on the East Front, we would probably have lost WWII against Hitler.
> "You an economist at the university, right?"
>
> "People" don't give a right rat's ass about prices and wages
> correcting when they (and their families) are hungry and being
> tossed out of their homes.
>
> That's the fatal flaw of economics.
..it's worse. Interest Rate Capitalism as we all know it, is a
carnivore. It needs food. Human sweat, human toil or human
blood, or oil. In Feudal Europe Jews suffered pogroms whenever
the Feudal Nobelities or Royalty failed to pay their debts to, drum
roll please, the Jew bankiers. Jews were denied land and most
other normal work in most of Europe, leaving mainly banking.
..now, ban interest rates on loans, require profit sharing instead, and
watch what happens to press freedom, freedom of speech, justice and
democracy, they all become business tools.
..imagine I have a set of ideas that will not only cut coal power plant
emissions by half using my technology, but will also suck all 400 years
worth of industrial pollution down into farmland and triple farmland
yield as a bonus so we can feed 28 billion people. Or a stategy. ;o)
..and you have the money etc to get it going. And are happy to share
any profits but worried about the risks. How do you research them?
..an an investor, you will buy the papers if there is a competent press
without Britney hairdoo chasers, you will google if google remains
online, and bloggers who knows anything worthwhile about coal
gasification will prove more valuable than the hairdoo chasers.
..if you want to protect your business tools, you will wanna help set
up legislation or a band of thugs to protect them. If you have enough
integrity, over time, they will trust you and the protection system you
set up.
..and, if your comptition offers a better deal, say half the profits and
just my leadership, my ideas, my inspiration, and goes "I'll handle
the costs!" etc, well, where _should_ I take my business. ;o) Etc.
Capitalism as it should be, and _can_ be, and soon too. ;o)
..the Japanese had zero interest rates for about 20 years, but missed
this opportunity to shift gear into a sustainable herbivorous economy,
probably because their economist, just like ours, do not really wanna
learn how to evaluate an investment on its own true merits and
substance, when they can get away with playing games with fancy
products like Microsoft Excel and Microsoft Mine Sweeper.
..where the investors _are_ interested in profit sharing rather than
interest rates, you will need 50 years or so to get it going if you
start from scratch, probably a lot quicker if you start in a networked
democracy, assuming you have the balls to kick all economists back
to school for re-education.
..if you're on the _other_ side, well, you could rename a colony to
remove historical links and rights from the Filistinians, and to keep
your own hands clean in the public view, you could trick an old foe
into gassing half the Jews and scare the rest of them "home".
..always, always, always follow the money. ;o)
--
..med vennlig hilsen = with Kind Regards from Arnt... ;o)
...with a number of polar bear hunters in his ancestry...
Scenarios always come in sets of three:
best case, worst case, and just in case.
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