Re: Samuelson on OIl Drilling

On Thu, 01 May 2008 23:07:11 +0800, John Galt wrote:

> 
> <forbisgaryg@[EMAIL PROTECTED]
> wrote in message 
> news:25f3d48f-ee89-441c-a8cd-9ad47166aaf5@[EMAIL PROTECTED]
> On May 1, 6:49 am, "John Galt" <whoisjohng...@[EMAIL PROTECTED]
> wrote:
>> <forbisga...@[EMAIL PROTECTED]
> wrote in message
>>
>>
news:ef83522d-dc71-44aa-b24e-f68aa8e7acce@[EMAIL PROTECTED]
>> On Apr 30, 9:31 am, "John Galt" <whoisjohng...@[EMAIL PROTECTED]
> wrote:
>>
>> > You know, I'm writing this from Bangalore, where industrialists are 
>> > still
>> > respected for their ability to lift standards of living. I'm trying
to
>> > figure out how Americans became so jaded that they forgot that little
>> > fact.
>>
>> Many of us did the fruit fly in a jar experiment.
>> Now I know many poopoo Malthus.
>> How does one know if one is in a jar or not?
>> We can see the depletion of the resources.
>>
>> ****
>> I'm sure you have a point there, Gary, but I'm at a loss to figure out 
>> what
>> it is.
> 
> The "ability to lift standards of living" isn't to be respected if
> it isn't sustainable.
> 
> ****
> OK.....but it might not be the industrialists fault. They don't, for 
> example, have access to the Treasury printing presses.

It depends on whether they "own" the government, doesn't it?

>  Industrialists come in and lift the standard
> of living for a short time while draining non-replaceable resources
> then they leave to go to greener pastures, leaving the people with
> a life style they cannot maintain and without the resources to return
> to their prior life.
> 
> *****
> What "greener pastures" do they go to? Please have specific examples, 
> because it sounds like you're blowing smoke.
> 
> JG

Well, the "greener pastures" are dimini****ng.  That was the point about
the jar.  The "greener pastures" thus far have been the poor and
impoverished in the undeveloped places, and the governments of those
places that will help the looters loot the natural resources and the
people.

-- 
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend