Monday, October 18, 2010

So you feel that the economy will eventually heal itself?

No, unfortunately with the way that the laws have been written deep faults lie within the operational parameters of the economic market. Large corporate structures are inherently diseased and the banking system is similarly troubled (though I saw this film before the bank collapse and the aggressive metals marketing debate began). I tried for a time to slog through the recondite practices of the complex financial instruments and derivatives markets some years ago, attempting to understand what was being done and supposing that I was totally out of my depth. As it turned out actually there was little depth to the proceedings in fact.

Many of the rare-earth elements 'we' own in limited supply are dwindling steadily to support poor consumer habits, and despite protestations in business to the contrary, the total oil wealth of the planet Earth will likely not be able to sustain the further development of India, China, Indonesia, and the E.U.

It's not realistic to deny at this point that most of government, academia, and the media in the West have become very influenced by a small group of incredibly wealthy anchor industries that preclude true "free market" practices (which, if allowed to form, would still fail to create the optimal 'Greenspan Paradise' of self-correcting, ultra-competitive business). Humans are not always able to act rationally in their own self-interest in order to make the best long-term decisions, or learn somehow magically of a company's unscrupulous, purposely-hidden sins against the community that is supposed to hold them responsible. It's not as though America was so wonderfully structured in the time BEFORE we became a superpower, but market bubbles and increasing questionable Supreme Court rulings have begun to grow a bit out of control.
Noam Chomsky discussed, as he was describing the initial climate of the health care debate before the 2004 elections, how both of the main parties are simply opposing faces of the same business party, which I don't believe lies far from the truth of things.

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