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Marly61 (October 1, 2008 at 7:34 am)
Standard economic history recognizes that state intervention has played a central role in economic growth. But its impact is underestimated because of too narrow a focus. To mention one major omission, the industrial revolution relied on cheap cotton, mainly from the United States. It was kept cheap and available not by market forces, but by elimination of the indigenous population and slavery.
Marly61 (October 1, 2008 at 7:34 am)
Philososo, but what about reality? All the countries who rejected laissez-faire capitalism are now flurishing. They are all rejecting the structural adjustment programs supported by the Washington Consensus and there economics have turned around and away from the corporate welfare and elitist wealth transfer systems. Such all east asia, Argentina, Standard economic history recognizes that state intervention has played a central role in economic growth.
Marly61 (October 1, 2008 at 7:25 am)
Its funny that Socialism always bails out Capitalism (rich elites); its never the other way around.
Marly61 (October 1, 2008 at 7:24 am)
watch on YOUTUBE: "The Truth about the Wall Street Bailout: How "Free Market Capitalism" Really Works. Nader and Chomsky Explain the Game, a Nanny State to Take Care of the Rich"
linh111189 (September 27, 2008 at 1:41 am)
he is a my best idol!
pipeorganloverNJP (September 16, 2008 at 4:53 pm)
You can't possibly think he'd time himself to the last second, could you?
crazycutz (September 12, 2008 at 10:21 am)
more like 34 minutes.. hm... so he actualy managed to get extra 4 minutes for free.. well done Bill :)
roxhana2 (August 24, 2008 at 3:47 am)
I LOVE THIS GUY.
philosophyarchitect (August 14, 2008 at 12:02 am)
The primary problem is the autocratic nature of those government which stops market economies from developing; when formerly controlled nations adapt market economies, they cease being third world, like Japan and South Korea and, it appears, near-future China. Maybe if the west stopped hating itself the people in these nations would be more likely to adapt what has made us flourish.
philosophyarchitect (August 13, 2008 at 11:59 pm)
Our culture, unfortunately, opposes reason individualism and capitalism too much for a CEO-minded person to be elected even if he or she did run. Considering the sort of nonsense one needs to withstand to be a politician no wonder they don't run! |
