Tuesday, April 17, 2007
Going Beyond Economics...
The picture in everybody's head and the word on everyone's lips...Cho Seung-Hui-the Virginia Killer.
Events like these question your beliefs on how the world should work. Must one always support somebody because he has his economic fundamentals right?
I am no American, but I follow American Politics very carefully. Primarily because one can somehow be a little optimistic about the future. Whether SP or BSP gets power next in the next UP elections, will it make ANY difference? I follow whatever there is to follow in the Chinese, Japanese, Taiwanese, Hongkong and Singaporean Politics too..because its always moving forward. Anyway my point is, at some point you realize the free market really does not do much by itself. Because humans are not 1 dimensional people who only care for profits. Humans are sinners who kill, who waste, who are greedy. Have we finally reached a stage, when the world needs to stop the burgeoning of sub prime lending, stop private equity mania, stop the manyfold leveraging of Hedge funds, stop the billion dollar bonuses to GS executives..for 1 minute, and see what we have made of ourselves.
I read an article some time back, where Barack Obama said he supported Trade Unions. My teachings and beliefs tell me trade unions hamper the forward march of the market, and are Bad. But its not that Obama does not understand economic fundamentals, but its because there are needs of people that go beyond maximizing the owners profit..
Therefore I still hope and pray that he wins the next US elections. Because before I shade my dead weight loss of economic efficiency on paper, the world needs Gun control laws, The world today does not require pointless wars, The world today needs to be saved from fractionalization and eventual dismembering, the world today needs a World Leader. For now I'll let my economics take a back seat and pray for change and pray for the 33 dead in the Virginia Tech Shooting.
The picture in everybody's head and the word on everyone's lips...Cho Seung-Hui-the Virginia Killer.
Events like these question your beliefs on how the world should work. Must one always support somebody because he has his economic fundamentals right?
I am no American, but I follow American Politics very carefully. Primarily because one can somehow be a little optimistic about the future. Whether SP or BSP gets power next in the next UP elections, will it make ANY difference? I follow whatever there is to follow in the Chinese, Japanese, Taiwanese, Hongkong and Singaporean Politics too..because its always moving forward. Anyway my point is, at some point you realize the free market really does not do much by itself. Because humans are not 1 dimensional people who only care for profits. Humans are sinners who kill, who waste, who are greedy. Have we finally reached a stage, when the world needs to stop the burgeoning of sub prime lending, stop private equity mania, stop the manyfold leveraging of Hedge funds, stop the billion dollar bonuses to GS executives..for 1 minute, and see what we have made of ourselves.
I read an article some time back, where Barack Obama said he supported Trade Unions. My teachings and beliefs tell me trade unions hamper the forward march of the market, and are Bad. But its not that Obama does not understand economic fundamentals, but its because there are needs of people that go beyond maximizing the owners profit..
Therefore I still hope and pray that he wins the next US elections. Because before I shade my dead weight loss of economic efficiency on paper, the world needs Gun control laws, The world today does not require pointless wars, The world today needs to be saved from fractionalization and eventual dismembering, the world today needs a World Leader. For now I'll let my economics take a back seat and pray for change and pray for the 33 dead in the Virginia Tech Shooting.
Labels: Economics
# posted by qq @ 8:25 PM 
