Quote:
Originally Posted by finnbow
Works for me. World Wars are kind of a drag.
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Avoiding World Wars is the selling point. The race condition of achieving and maintaining success is having Keynsian economics make free trade succeed faster than human jealousy makes it fail.
It's like pouring water into a bucket with a hole in it. Global economists are playing a game. The game is filling the bucket of goodness with fake money before the hole of jealousy drains it.
One of the hurdles, maybe the biggest hurdle, is how to value money. The traditional view is that money is a measure and store of human labor. The more modern view is that money is a measure and store of utility, aka usefulness. We will see how it pans out. The US has put faith in information technology being more useful than labor. I'm not convinced that is true in the philosophical and economic sense of the word. My simple position is this -- men would rather have something to do than something to think about.
The new Republican and Democratic parties are convinced that economists have the right answer. As an old school conservative I am not ready to join that ship as both parties furiously row off into uncharted waters.
They paint me as a protectionist.