Re: Economics in SF

lal_al@xxxxxxxxxxx wrote:
On May 11, 3:11 am, Mark_Reich...@xxxxxxxxxxx wrote:
On May 10, 1:12 pm, lal...@xxxxxxxxxxx wrote:

I have become more interested in economics since the start of the
economics crisis. In the future will we have more regulation of
business and protectionist economies? I think that free trade is
important for economic growth.
Bubble Growth or Sustainable Growth? 'Free' Trade and ignoring
externalities were some of the contributors to the recent bubble
growth in which profits were/are concentrated into as few hands as
possible and costs were/are shoved onto the people least capable of
paying. Lather, rinse, repeat until the least have finally paid off
with their lives.

Free trade is not a contributor to the economic crisis. Economists
have proven that, in theory, free trade is economically beneficial to
all participating nations. Free trade allows nations to specialize in
what they can best produce at lowest cost.

So why doesn't the USA go in for free trade instead of subsidising its farmers?

Fair Trade and the pricing and inclusion of externalities is important
for sustainable growth, as is renewable sources of energy.

In interstellar societies will we have democracies, and will we have
free market capitalism? How does SF answer this question.
Why is free market capitalism always more important than free
enterprise main street economics where most of the growth and jobs are
for the majority of the people?

History has shown that capitalism is the most successful form of
economy, better than centrally planned economies. Compare past
Eastern Europe to Western Europe.

But when huge multi-nationals control much of trade, in what way are they different from centrally-planned economies? My own layman's theory is that businesses become more efficient as they grow - up to a certain point; then they become so big that they are just as inefficient as a government bureaucracy. I'm not sure where the cut-off point is, though.



--

Rob Bannister
.

Relevant Pages

  • Re: Design and Social Consciousness
    ... and free trade. ... Back when the U.K. and the U.S. had third world economies they didn't ... converted to free trade so they could sell off their excess production ... minimal-taxation capitalism, but republican economists are good at ...
    (sci.electronics.design)
  • Re: Why do the Japanese/Chinese purchase USD over the Euro?
    ... dollar-denominate bonds are with the Japanese and Chinese. ... Why do they crave dollars as opposed to the Euro? ... the domestic economies. ... Free trade is not bad if done properly, but as everything it become harmfull ...
    (sci.econ)
  • Re: Charles Schumer, Senator, D, NY wants your vote.
    ... >Second Thoughts on Free Trade ... It is a cogent analysis. ... as China booms and other underdeveloped economies hope to follow suit. ...
    (comp.programming)
  • Re: Design and Social Consciousness
    ... Back when the U.K. and the U.S. had third world economies they didn't ... believe in free trade, but once they'd developed serious manufacturing ... If, as I suspect, you do not favor trade restrictions in those ...
    (sci.electronics.design)
  • ADB Predicts Economic Growth in East Asia
    ... ADB Predicts Economic Growth in East Asia ... HONG KONG - Developing East Asian economies should grow an average ...
    (soc.culture.cambodia)
Loading