StreetScooby 5 #1 October 12, 2009 I just read a synopsis of the Nobel winners in economics. http://www.nytimes.com/2009/10/13/business/economy/13nobel.html?hp Quote The prize committee, in making the awards, seemed to be influenced by the credit crisis and the severe recession that in the minds of many mainstream economists has highlighted the shortcomings of a unregulated marketplace, in which “economic actors,” left to their own devices, will act in their own self-interests and in doing so, will enhance everyone’s well-being. The committee, in effect, said that theory was too simplistic and ignored the unstated relationships and behaviors that develop among companies that are competitors but find ways to resolve common problems. “Both scholars have greatly enhanced our understanding of non-market institutions” other than government, the committee said. I think it's safe to say there isn't common agreement on "economic engines" for the worlds' societies. I'd like to "find" a different system than capitalism for America, but one that still emphasizes personal responsibility, hard work, nuclear family, and other traditional American values, including patriotism. I don't know what this system is, so I'm really looking for ideas here. Having made a living in the NYC financial area for the last 15 years, I can see capitalism's warts. I am convinced that capitalism is the best system available in practice today. But, it's not a level playing field. Either through government intervention (e.g., qualified investor designation), or long term personal business relationships on the street, especially at the dealer level. Capitalism, as practiced in America, can be improved upon, IMO. But, it must come from corporate governance, not federal governance. I'd also like to start finding political candidates in America who are country first, political party second. I am not interested in discussing world leadership. I'm an American, our political leaders are sworn to uphold the Constitution, and I expect them to keep America completely sovereign. America is on the verge of facing an unprecedented financial crisis, and our political leaders must not only address this, they must solve it. Ok, long winded introduction. Anybody have ideas out there for me?We are all engines of karma Quote Share this post Link to post Share on other sites
