On 16 Apr 2009, at 21:58, Tom C. wrote:
Free market idealism…ah, yes. In the USA, and, as a consequence,
in world in general, we are presently enjoying the rewards of market
left entirely TOO free. Wild pigs with the social morality of your
average two year old took over, uprooted a lot of the garden and
many of the fruit trees, and as a result many of us are more than a
bit worried about how we’re going to feed ourselves in the coming
months.
You haven’t had a free market in the USA, any more than we have here
in the UK. And because the market wasn’t free, but a pro-monopoly
model based upon the Chicago School belief that price is the
determinant of market efficiency (it isn’t) and that lowest price can
be delivered only where there is a strong market monopoly (which is
patently absurd), we’re seeing another bubble go pop.
I’m sad, Eleanor, since this is the first time anything you’ve
posted has evidenced anything but keen intelligence.
Well I guess that blows the conceit that I’m largely invisible on
here
Ever study economics…with an emphasis on data, rather than mere
theory? I suggest the investment of some time in that endeavor. Free
market idealism is a lovely thing, but the real world is
considerably more
complex than such a simplistic representation as that. I’m puzzled
that you missed this.
I have a degree in physics and that leads me to believe that all
phenomena can be reduced to a simplistic representation, if they can
be reduced at all. That’s a fundamental tenet of the scientific method
which I apply to both the development of software and to analysis of
everything else.
I would have thought that your superb knowledge of both software
design concepts and the messiness of the working out of those
concepts in the real world might have given you a large hint about
all this.
Actually my belief in truly free markets is an outgrowth of the
analytical skills mentioned above. When I was a teenager I thought
that government could play a useful role in moderating the negative
impacts of individual groups in society (in UK terms I was a Liberal)
but the deeper I studied physics and the more familiar I became with
both non-linear and quantum systems the more convinced I became that
the only way to govern anything well is to embrace the chaos and
decentralise/deregulate. That insight has served me very well in
software development and I see no reason why it shouldn’t apply
equally well to economics or politics as well.
I also make no assumptions regarding the good will or rationality of
any participant in a physical system, and that already puts me one
step ahead of those economic theorists who insist on including the
implicate calculus of human motivation into their models.
Longing for the sea gets no boats built at all. Grounding that
longing in cooperative effort, governed by a measured degree of
altruism, just might.
However someone not only has to want to go to see in the first place,
they also have to convince others that it’s a good idea. Cooperative
effort is not something that arises magically just because an idea is
good, it is a consequence of the idea being sold: that’s why bad
technology so often predominates commercially, because it has been
sold better. The same applies to politics, where in my experience the
vast majority of legislation is bad because the key element isn’t
efficacy but marketability.
Thankfully the larger the market and the smaller the elements within
it, the less overall effect individual bad decisions will have - which
is why a key element of genuine free markets is that they abhor
monopoly. Our ecosystem is a pretty good example of this principle in
practice.
“In a free market economy, technology will serve whatever is needed,
when it’s needed.”Not if the technology needed requires massive investment with
LITTLE OR NO hope of rapid profit. For that
sort of thing, history tends to show government gets the job far
quicker and better. The free market didn’t defeat the Nazis, or
invent nuclear technology, and a great deal of the launch of modern
cybernetics was also government sponsored.
True, the free market didn’t defeat the Nazis. Except of course that
the economies which funded the defeat of the Nazis were all built on
free market models. The USSR would not have triumphed in the war were
it not for the huge investment of US resources and the war wouldn’t
even have lasted long enough for that to happen if it hadn’t been for
the huge investment of British resources. Of course that investment
required political will as well, largely generated as a result of the
incredible marketing skills of Winston Churchill.
As for nuclear technology, much of the point there is that government
invested in weapons research because it was hungry for a super-weapon
which lead to the development of the nuclear reactor as a necessary
prerequisite. However the development of the reactor could just as
easily have been achieved by private enterprise had there been a
perceived need: there was an amusing incident a few years ago with a
boy scout who built a nuclear pile in his garden shed using the radium
from about 7000 old glow-in-the-dark watch-faces to prove that point.
The relative investment of resources to develop nuclear power is also
not dissimilar to the investment required to develop steam power in
the 18th century, and that was largely privately funded because people
saw the benefit it would provide their businesses.
Likewise if there was a perceived need for cybernetics you can bet
that the money would appear to fund it. Look at the truly remarkable
medical achievement of our era, the mapping of the human genome. The
vast majority of that work was funded by private donation to the
Sanger Institute which is a charitable trust. The Welcome Trust
(another charity) is the largest conductor of medical research in the
world.
Ellie
Eleanor McHugh
Games With Brains
http://slides.games-with-brains.net
raise ArgumentError unless @reality.responds_to? :reason