reply to post by PriamsPride
Hi Priam, nicely written posts.
I think you analogy to troubleshooting our economy is like troubleshooting an electrical system is a very good one. When troubleshooting a electrical
system that was working properly before, really, you only look at three things, voltage, current, and resistivity. Mainly you look at voltage,
occasionally you have to look at current, and then sometimes resistivity. I think if we were to relate these to economic terms, I would say supply is
voltage, the potential, the pressure that pushes the system, current would be demand, the flow of money through the system, and price would be the
resistivity, that varies with load.
Our supply side is doing pretty good, in fact very well, we have a great many goods and services out there waiting to be moved, so we are looking at a
problem with low demand. With a problem with a lack of current in an electrical circuit, this means you have one of two problems, resistance in the
system has built up somewhere, stopping current flow, but allowing the potential to still exist, or there is a high resistance short somewhere, that
is pulling current away from the circuit. I would say we have a high resistance short, where too much current is going to the controller, and not
enough is going to the motors that drive the system, the middle class, the work force.
the question then becomes, can we fix this problem, or is it really that the whole system has become too much of a giant patchwork, not built for
current load, and so needs to be redesigned.
Now, if it is time to rebuild, then we have to start thinking about the components, capacitors, inductors, power supplies, and such. We might want to
beef up the worlds monetary system, international banking and investment standards, put some labors controls in place, grease the wheels of third
world economies with higher wages, economic standards, and such. Maybe it is time to lower the standard work week again, considering the vast
increases in productivity over the last thirty years. We should put some money into our lagging infrastructure, and pull back on military
AS far as your claim that third world workers do not want the things that come with market economies, that they have no taste for these consumer goods
they are now producing, you couldn't be more wrong. The people in third world countries want Nikes, Air Conditioning, indoor plumbing, roads and
sewer systems, automobiles, TV's, computers, video games, and essentially all the things that first world countries have.
Yes, U.S. corporations are all too willing to exploit the people in third world countries, but don't forget that the corrupt leaders in those
countries are at least equally, if not, in my opinion, far more responsible for the lack of human rights in those countries, lack of economic
progress, liberty, and opportunity for all.
The people in third world countries were badly exploited by their leaders long before Western corporations began showing up on their shores. In fact
the countries that have succeed the most are in fact the countries that most closely associated themselves with western nations.
[edit on 20-4-2009 by poet1b]