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July 2012



An Open Forum - Fire Away!

July 30, 2012 – Comments (161)

Since I'm not writing often, I'm backed up on ideas. Instead of firing off multiple blogs (which time does not permit), or writing a blog you don't really care to read about, let's do an open forum.  [more]



Review of Ha-Joon Chang's Bad Samaritans

July 09, 2012 – Comments (13)

I have a good friend that just returned from Afghanistan.  His tour appears to have made him more conscience of the bigger political and economic influences that change the fate of nations. It's great to have him back in the States, and I'm happy that he's doing very well.  Since similar experiences forced me to take a hard look at the realities of the nation-state many years back, I can certainly understand how these things change your life.  I was thrilled when I found out he was reading my blogs and questioning both mine and others economic ideas.  A while back he asked that I read Ha-Joon Chang's Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. Although my overall impression of the economic analysis performed by Chang is not favorable, I did learn a few things, and I was impressed by Chang's life experiences and passion for helping others.  Like the great economists before him, he truly believes that economics can show us a way to a better world.  I completely agree.    [more]



Happy in Dependence Day

July 04, 2012 – Comments (20)

100 years from now, our great grandchildren will be sitting in obselete classrooms, barely paying attention (some things will never change), as their teachers retell stories about the Robber Barons of the Computer Age. It will be said that back in the bad old days of the "free market" - circa 2012 - the computer industry was dominated by a few greedy capitalists. Computers, they will say, were toys of the rich. The poor had to pay high prices for poor quality. Many didn't have computers at all! To support these assertions, statistics will be presented showing the disparity between the performance of high-end computers and low-end "bargains", computers per capita now and then, and computer sales as a percentage of GDP over the preceeding century. Thankfully, the teachers will add, the government stepped in and saved the poor, providing inexpensive, quality computers for everyone.   [more]

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