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Old 01-20-2002, 09:12 PM   #41
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Originally posted by Anthony:
And thats exactly why the world's economy is in the state that it is. With all due respect Achtung Bubba, I don't want nor need your compassion. Thanks anyway.
I was quasi-joking about the compassion bit.

But I must ask, when you say "that's exactly why the economy is in the stat that it is," what are you referring to by "that"?

My posting too much?

The "spirit of compassion" bit?

That there are those who distrust and misunderstand capitalism?

Very confusing.
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Old 01-20-2002, 09:18 PM   #42
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Originally posted by Achtung Bubba:
But I must ask, when you say "that's exactly why the economy is in the stat that it is," what are you referring to by "that"?
Sorry if I took it the wrong way, though the 'quasi' bit kind of proves my interpretation right. I was referring to the notion that Keynes had a poor concept of economics. Now, you may not agree with the man, but you can't deny that he was influential in his day, perhaps more influential than you or I will ever be. The thing with Keynes is that nearly everybody disagrees with him or has forgotten him, even those who follow his concepts do it under the pseudonym of 'Neo-Keynesians' which I disapprove of.

I'm sorry, but I think a return to Keynesian economics would help the globalized economy far more than the current notions of capitalism, and no, Keynes is not against capitalism and never was, he simply had ideas about how to manage it, that's all.

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Old 01-20-2002, 10:17 PM   #43
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Keynes may not have been against capitalism, true enough, but I think he was wrong about "guiding" capitalism, particularly through inflation.

I can't deny his influence on global economics, but I can suggest that he influenced the world badly.
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Old 01-21-2002, 11:22 AM   #44
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Originally posted by Achtung Bubba:
(I will clarify: I am closing the futile discussion of talking to you, Melon. Not this thread in general.)
No bother. I'm tired of arguing this topic. I will be curious to see if others can argue an opposing side effectively. But, don't worry, I'll be chucking on the sidelines...

Melon

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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
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Old 01-21-2002, 04:26 PM   #45
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Quote:
Originally posted by Achtung Bubba:
Repeat after me:

Capitalism is good. Even on the global level.
Bubba, everytime the world has gotten into an econimic crisis it has been because we got our mind stuck in a sort of economic thinking that worked for a past situation

there is no such thing as "capitalism is good"
it has to evolve with all sorts off other aspects in this world

I believe myself that capitalism is 'the best' of the different economic schools
but I do think while keeping in mind the basics of capitalism we must try to accentuate various social + ecological aspects in life to get the best results for mankind

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Old 01-21-2002, 05:56 PM   #46
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Originally posted by melon:
But, don't worry, I'll be chucking on the sidelines...

Melon

Oh, Good Lord...
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Old 01-22-2002, 12:15 PM   #47
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Oops! That should have been "chuckling," not "chucking"!

Oh well. Carry on.

Melon

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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
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Old 01-22-2002, 07:47 PM   #48
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Quote:
Originally posted by Achtung Bubba:
Keynes may not have been against capitalism, true enough, but I think he was wrong about "guiding" capitalism, particularly through inflation.
I can't deny his influence on global economics, but I can suggest that he influenced the world badly.
So, this begs the question, what is so wrong with Keynesian economics?
No, I really want to know. I have always felt compassionate about those who misunderstood Keynes, and have therefore had this urge to help. This is the wonderfully just human being I am. Whats your problem with Keynes?

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