What factors changed Market Supply & Demand Fundamentals to Freakohnomics gone berserk? From cheaper goods and services available to all through continual advances in science, technology and mass production, to 'Whatever The Market Will Bear' depending on how great the need for sustaining Life?
The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence.
The Solution: The Promise of New Energy Systems & Beyond Oil
Evaporates the Problem: The ill designed "Corporism: The Systemic Disease that Destroys Civilization." when devoid of a Bill of Rights for Human Life, devoid of scientific parameters necessary for Life's evolution, sustainability, and survival.
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).
As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
October 5, 2008
How Free Should a Free Market Be?
By ALEX BERENSON
Is this the end of hypercapitalism?
For nearly a generation, the United States has driven growth by deregulating markets, lowering tax rates and promoting trade. Across wide swaths of the economy — from airlines to banks to energy to telecommunications — Washington stood aside, believing less regulation would produce broad prosperity, even at the cost of greater income inequality.
Now, with Washington setting aside $700 billion to bail out financial companies, the economy weakening daily and the Democrats likely to enlarge their majorities in Congress, it may seem that the United States is shifting away from faith in markets and distrust of government.
In Europe, some political leaders, including conservatives like President Nicolas Sarkozy of France, have declared the death of laissez-faire economics. “A certain idea of globalization is drawing to a close with the end of a financial capitalism that imposed its logic on the whole economy,” Mr. Sarkozy said last month. “The idea that the markets are always right was a crazy idea.”
What about America? In one sense, the present crisis would seem likely to continue the retreat from the free-market ideas associated with Ronald Reagan and President Bush suggested by the passage of the Medicare drug benefit plan in 2003 and the failure of Mr. Bush’s proposal to privatize Social Security in 2005, the centerpiece of his vision of an “ownership society.” Then, in 2006, Democrats took Congress for the first time in 12 years.
Whoever becomes president in January, lawmakers will be under pressure to strengthen financial regulation and give more resources to agencies like the Food and Drug Administration, which have appeared overwhelmed in recent years. Some critics of the bailout legislation complain, for instance, that at the same time that it empowers the Treasury Department to buy hundreds of billions in troubled debt from financial firms, it fails to fortify oversight of the nation’s financial system.
But Americans are fundamentally suspicious of government in a way that Europeans are not, a cultural and political difference that stretches back centuries. Anyone expecting a major expansion of Washington’s powers after November — whether under a Barack Obama or John McCain administration — may be disappointed.
Americans are certainly weary of Mr. Bush, whose approval rating fell to 22 percent in the most recent poll by CBS News, the lowest rating for any president since Harry S. Truman in 1952. But this poll, and others, also show that whatever their anger at Mr. Bush and Wall Street, Americans are not necessarily ready to embrace liberal ideals such as stronger unions, significantly higher and more progressive taxes, and new trade barriers.
A deep, long-lasting recession could change that dynamic, just as the inflation and severe recessions of the 1970s fueled the last major ideological shift in American politics with the election in 1980 of Mr. Reagan, a fervent apostle of lower taxes, free markets and deregulation.
But for now, the United States economy is far stronger than it was in the 1970s. The credit crunch, swooning stock market and rising unemployment are frightening, ...full text