Unrelated Musings
My beloved Keith Olbermann and a small article in Time have me shaking my head and I just wanted to share.
First, the F.B.I. failed to pay their phone bills to one of the company’s that was spying on us. So the company stopped the eavesdropping program. As Olbermann said — violations of the law, undermining the Constitution, _that_ doesn’t stop you? But the bill? Ah, capitalism.” I took away something else — that everything the Bush administration touches becomes useless and inefficient. We may be protected against tyranny and our liberties preserved because these guys are so incompetent. This is one instance when I’m really glad the Republicans have made sure government didn’t work.
Next I read an article that the record companies are going after a guy because he transferred his cd collection onto his computer. These are cd’s that he bought, and presumably he put them on the computer so he could listen to them there, or download them to his MP3 player. Okay, I’m just about to join the “information wants to be free” crowd.
Melinda
January 14th, 2008 at 8:00 pm
And while I dislike Bush, it’s a bit much to blame him for the fact that we will, at some point, have a recession.
Capitalist economies have recessions for the same reason temperate zone climates have winters; because it’s an inherent feature of the system.
Governments can alter the timing and duration of recessions — as often as not they make them worse — but they can no more stop them happening than they can abolish winter.
It’s an inherent part of the market pricing mechanism that it “hunts” around its optimum equilibrium point, like most feedback regulation systems.