Randy is probably correct and capitalism is wrong. I mean that capitalism runs like a bicycle; it has to keep going or it topples, but that same forward trajectory necessarily destroys the environment. But then I'm not saying anything that the rest of you do not know.
On Fri, Aug 25, 2006 at 03:40:51PM -0700, Eugene Coyle wrote: > 3) more private > investment: new and improved private production facilities to > enhance growth. The last item will almost certainly require > maintencance of high aggregate demand today and over the near future." > > It is this last item, # 3, that puzzles me. As I understand it, it > says "We need high demand now to require the high investment > necessary to produce the output to meet the high demand." > > He is recommending, therefore, a treadmill to infinity. Which > conflicts, inevitably in my view, with his advocacy of "reduction of > adverse environmental impacts." > > Gene Coyle > > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
