Re: Samuelson on OIl Drilling

"The Trucker" <mikcob@[EMAIL PROTECTED]
> wrote in message 
news:pan.2008.05.01.16.48.51.924372@[EMAIL PROTECTED]
> 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?

Well, suffice to say that business has a legitimate seat at the
governmental 
table. If their influence becomes undue, then you have a problem.
>
>>  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.

Sorry, I don't buy off on the idea that business is exploitation. A few
bad 
apples do not mean the tree needs to come down.

JG

>
> -- 
> "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
>