[PEN-L:1058] Re: Economic rationalism by numbers

[boddhisatva <kbevans@xxxxxxxxx>]

		C. Rob,


	Get with the program, comrade, debt is good.  Don't you know that?
No, seriously, I think this is just a necessary transformation from
stagnant Keynesian capitalism to credit-rich finance capitalism (When I
say "necessary", I mean necessary for capitalism, of course.  Feel free to
interrupt the process of capitalist development any time you like and good
on ya').  Look, the credit markets (by which *I* mean all the securities
markets) are the engine of capitalism.  For them to work really well
everybody has to get on the same page and stop thinking that things like
politics and policy matter.  The depressing thing for a socialist has to
be that it will work for a while.  It has worked in America longer than
most thought it would and it is starting to work in Europe.  Asia will
take a little longer, of course, because they have to dismantle a
Keynesian economy more quickly after it has turned on a dime.  Australia
will probably benefit greatly from the inevitable money party that Japan
will become - especially if Oz takes its role seriously as outpost of
Anglo-capitalism in Asia.


	Of course the strucural defects in the economy that will make the
next big downturn into a real disaster will also deepen, as you are seeing
right now, and being able to say "I told you so" will be cold comfort.
Isn't capitalism fun?




	peace