#11
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Re: Heavy investment
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[ QUOTE ] [ QUOTE ] I would only point out that one of the economic issues that economists of all political stripes almost universally agree on is the stupidity of protectionism. Its very short sighted thinking. [/ QUOTE ] It is especially stupid for economists who invest heavily in multi national corporations. [/ QUOTE ] Wow that was a great response. Why dont you google comparative advantage and continue on from there? I also highly recommend that you read Henry Hazlitt's Economics in One Lesson. It deals with the economic fallacy of protectionism quite clearly and succinctly. [/ QUOTE ] Spare me the economics lesson. I understand the principles behind free market economics. The problem is not with theoretical free market economics. The problem is with how the model is being implemented in the world right now, and who it benefits. If you don't think interventionist policies didn't economically benefit many of the 3rd world countries whose economies boomed inthe 70's, you are nuts. |
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