The entire area between your (3) and (b) is forming its own channel. So far the PA has ignored the bigger channel and I don't see any particular reason why it would necessarily go for the top part of the channel instead of the bottom. And if it goes ...

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They should just nationalize everything, run the place as they want like in the soviet union, end up eating grass and then have to set up special economic zones like North Korea to atract investors with lower taxes than Hong Kong.

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Riiiight. Anyway about Japan: url Notice the part where it says "Hand in hand, the zaibatsu and government guided the nation, borrowing technology from the West. Japan gradually took control of much of Asia's market for manufactured goods, ...

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Yeah, because saying something makes it so. The british empire ran on mercantilism not free trade: url

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Somehow I dont think it is optimistic. After all the banks don't produce anything. As long as the accounts of actual people and companies could be replenished nothing substantial should have gone wrong with the actual economy. Sure the stock owners ...

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As I thought- this makes so little sense on so many levels... Maybe you should look up the british empire- you know: the thing on which the sun never sets and which was still in place at the time the japs were building their own empire, maybe the ...

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Err. Sorry. I can't see that as any sort of success. If the banks didnt own the gov the best course would have been to let them fail and just bail out the depositors and then promptly reenact glass-steagall so the banks could no longer gamble with ...

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I googled it- the Fed gave the money to the wife of some morgan stanley guy and a bunch of random foreign companies. I must say I disagree both with your idea that Germany is with those 2 and that the only way out of this is for the US to rule. Some ...

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Yeah, those studies are called propaganda. If the allies wanted peace they would have encouraged Poland to hold a vote on returning the german territory they got after WW1- instead they told Poland they'd support them against Germany which they did. ...

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Me I don't think so- Ben has a printing press and he's gonna use it. Why let the gov borrowing costs rise like Greece's and Spain's and default ? Plus if interest rates rise all the over leveraged banks holding US treasuries will go bankrupt. Ben ...

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Giving money to wall street only makes sense if they have the opportunity and willingness to invest it in production on US soil. Let's be serious here: between US regulations costing US companies 1.5 trillion a year and competition from low wage ...

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Yeah. True. Once you have a functioning economy in place it's good to stop the consumption strangulation. But I don't think the soviet economy is a good example of this: for one they had a state owned economy run by cretinous ideological party ...

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Yes. All the US stimuluses along the way went towards wellfare and wars. Sure way to go from the richest country in the world to third world status in the decades to come.

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Well- most states would and indeed do use the money to buy off votes or otherwise squander it. In Korea and Taiwan this policy was only possible under dictatorial regimes. I have great admiration for the japanese people that they were able to apply ...

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Yeah. Exactly. Provided the funds go to advance production in the private sector not welfare, military expenditures, public sector purchases or bridges to nowhere. The "stimulus" absurdities of western nations certainly don't fall under sustainable ...

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Well that too: if you have a free economy where the market wages are high and provide a comfortable living standard you might wanna adjust the price of foreign goods with a punitive tariff or two- after all the US economy rose at a time when the way ...

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With the nazis I meant their recovery before ww2, the german economy obviously did not benefit in any way from ww2- it was an unmitigated disaster for Germany slave camps or not. It seems we're not making any progress since we keep talking about 2 ...

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Meh. That was not my argument at all. My argument was that the countries I mentioned actively went around confiscating people's wages and the profits from some sectors of the economy and using the money to fund factory building in others. Making ...

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Err: just 2- url and url I trust you can find the rest if you want.

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I dont think you saw- I just added a paragraph on fairness to the text you quoted. Yeah you're right of course about the US: it's doing the exact opposite of the policies I described- encouraging excessive consumption and eroding savings. You can ...

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