Tuesday, June 24, 2008

Comrade Zhang demands deregulation in the name of the people!

Once communist China advises Syria that "before we invest in Syria you most open your markets, cut your subsidies, and reduce regulation..." I guess one of the benefits of living in a plutocracy is that ever now and then the plutocrats get the right ideas, though something in me doubts this model is sustainable. And once the people really have control its obvious ho bad things can become. Irony of ironies, I think this will become a trade off between 10% growth under a free market plutocracy or 3% growth under a social democracy.

Monday, June 23, 2008

Not that I wasn't already sold on this but...

the greatest benefit of globalization has been revealed:

For instance, the real price (in 1988 prices) for the basket of the entire Top 100 list [for the U.S.] was $4,313 in 1988; $3,132 in 1993; $2,533 in 1999; and $2,421 in 2004. That is nearly a 44% decrease in prices from 1988 to 2004. At the same time, there was no significant change in the quality of the wines on the Top 100 list.

And lo! Globalization isn't just for wanna-be foodies and fake wine conneisuers.