Friday, October 3, 2014

Population doubled and doubled again

When growth doubled and doubled again Alan Greenspan one time governor of the private bank in USA known as ‘The Federal Reserve’ which produces out of nothing the money needed to keep the US economy or disappears the money- Well he wrote a book in 2007 just before the system collapsed- ‘The Age of Turbulence’ And says among other things ‘There is no denying capitalism’s record. Market economies have succeed over the centuries by thoroughly weeding out the inefficient and poorly equipped and by granting rewards to those who anticipate consumer demand and meet it with the most efficient use of labor and capital resources. Newer technologies increasingly drive this unforgiving capitalist process on a global scale. To the extent that governments ‘protect’ portions of their populations from what they perceive as harsh competitive pressures, they achieve a lower overall material standard of living for their people’ p268-269 And in “An Economy Born of Democracy’ Prof Salvadori continues ‘Where the policy making process is concerned there is not small group in the united States today with the power to make arbitrary economic decisions. Even in the cases of large corporations with thousands of millions in assets controlling a large share of a given market…. ‘ p71 TimeLife 1965 What is missing from this is the critical Marxist style overview as to where this unique period in human history fits. Post World War Two USA had deliberately taken control of Western Europe dictating how that potential markets and export competitors developed. And the ‘Baby Boom’ had begun in this post war world with many of the now focused former American soldiers heading to universities to develop skills as engineers or managers, accountants, and so on. And stalled economic growth coming out of the difficulties of 1946 once ‘The communists’ were identified as holding things back- Began to Take Off. The problem we as readers of these economic tracts based on Adam Smith’s ideas have is that what appears to be ‘normal’ Economic Democratic ‘Free Market Ideology’ thinking occurs in the one time in human history where doubling population and with it economic growth then promptly doubles again. A few days ago The New Zealand Herald published typical ridiculous large spread planning map- suggesting that investment in Westgate- an area on the extreme northwest of one of the world’s most spread out cities would be a winner. And yes for planners and population experts who see a continuation from current world population from 7 billion to 12 billion- they would be right. But to the east in the Hauraki Gulf waters lies an active volcanic field–volcano producing – small deep earthquake region which has the capacity to biblically destroy most of current Auckland New Zealand… So what if in this new population trends reverse and population Declines Catastrophically back to below the 1964 2 billion level? You see how fragile and dependent upon resource accessibility and healthy population growth and high states of human enterprise as well as The Critical Foundation of USA- Equality- Are the ideas of Adam Smith, Alan Greenspan…

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