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Kumar
Joined: 21 Jul 2004
Posts: 14211
Location: Himalayas
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| Posted: Sun Nov 19, 2006 4:29 am Post subject: |
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eynon wrote:
or China in the 80s and 90s........I agree there is a mix involved. How-ever more liberal economic policies do help in the right situation. Consider West-Germany and it's glorious economic resurrection after the war. Of course the West German government was present in that growth, but more regulated economies like the UK and France were more stagnant.
As with all things in life there is a Golden-Mean between market and state.......
Something important to consider is not just the quantity of the regulation, but also the nature of it. But indeed, there must exist a sensible balance between deregulation and regulation so society as a whole may benefit. Either extreme is dangerous idealism.
Quote: btw........what'd you think of Dr. Singh, I was an Indian politics buff in college(kinda lost track since), but I remember when Congress put him up as PM and thinking "that's one of the greatest political moves I think I've ever seen"........finally mending the rift between Congress and the Sikhs, but at the same time putting a great mind at the head of the Indian Republic. I think you'd be hard put to find a smarter world leader.
He actually grew up just a few miles from where my mom did. He's a good, intelligent man and he is what India needs for a leader. Corruption is a rampant, crippling disease in that country and accountable/responsible leadership at the top is a positive step in order to fix it. |
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eynon
Joined: 03 Jul 2004
Posts: 18148
Location: Minneapolis......
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| Posted: Sun Nov 19, 2006 4:32 am Post subject: |
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Kumar wrote: eynon wrote:
or China in the 80s and 90s........I agree there is a mix involved. How-ever more liberal economic policies do help in the right situation. Consider West-Germany and it's glorious economic resurrection after the war. Of course the West German government was present in that growth, but more regulated economies like the UK and France were more stagnant.
As with all things in life there is a Golden-Mean between market and state.......
Something important to consider is not just the quantity of the regulation, but also the nature of it. But indeed, there must exist a sensible balance between deregulation and regulation so society as a whole may benefit. Either extreme is dangerous idealism.
agreed, the specifics are what we should fight about :wink: |
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Fido
Joined: 16 Mar 2006
Posts: 3936
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| Posted: Mon Nov 20, 2006 10:49 pm Post subject: |
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eynon wrote: Kumar wrote: eynon wrote:
or China in the 80s and 90s........I agree there is a mix involved. How-ever more liberal economic policies do help in the right situation. Consider West-Germany and it's glorious economic resurrection after the war. Of course the West German government was present in that growth, but more regulated economies like the UK and France were more stagnant.
As with all things in life there is a Golden-Mean between market and state.......
Something important to consider is not just the quantity of the regulation, but also the nature of it. But indeed, there must exist a sensible balance between deregulation and regulation so society as a whole may benefit. Either extreme is dangerous idealism.
agreed, the specifics are what we should fight about :wink:
I am agreed too. You guys could take a bath together and not get clean. How about defining government to achieve justice. How about admitting a right to regulate if it keeps injustice from fatally weakening society. The U.S. is a closed system. Even the world is a closed system. Too much exploitation, and too much injustice ends up in war, death, and destruction. Do you think that Friedman who went to bed with clean hands didn't have human blood all over them?
You are framing the argument over incidentals. Regulation v deregulation. How about the essential level of justice necessary to make every society eternal? It is not as though that question has not been answered in the negative many times. We already know how little is too little. Rome perfected her laws in the years before her destruction. Do you believe law will save us? Get some reality. Friedman expedited the flight of wealth from the hands of the middle class. Friedman expedited the flight of rights from the working people of this nation and the world. I hope he is wearing napalm underpants in hell right now. |
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