Re: Interesting Article
[Re: white17]
#6962063
08/12/20 01:24 PM
08/12/20 01:24 PM
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Joined: Oct 2015
Posts: 1,076 Maine
mainer
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Joined: Oct 2015
Posts: 1,076
Maine
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Every major nation in the world, including Canada, wants to mimic the success of American technology behemoths such as Apple, Amazon, Alphabet, and Facebook. These firms have continued to thrive during the pandemic, and have contributed enormously to the astounding recovery of the stock market since mid-April. The economic-growth theorist Edmund Phelps summarized the primacy of culture over policy when it comes to innovation: “Attitudes and beliefs were the well-spring of the dynamism of the modern economies. It is mainly a culture protecting and inspiring individuality, imagination, understanding, and self-expression that drives a nation’s indigenous innovation.” The U.S. excels at cultivating more of these characteristics than other country by encouraging competition in free markets... If you blindly believe the myth ( the wellspring of attitudes and beliefs) that modern economies are designed "by encouraging competition in free markets", then you're likely to miss the irony of the above two snipits from this article...not only from an economic perspective but more importantly from a cultural perspective. Regarding the America/Canada comparison, I mostly agree. But the Horatio Alger nonsense of American economic exceptionalism is just too naive for my tastes. You asked.
"...in a very few days we succeeded in taking over one hundred beaver, the skins of which were worth ten dollars per pound." Jim Beckwourth (1856)
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Re: Interesting Article
[Re: Kansas Cat]
#6962929
08/13/20 11:55 AM
08/13/20 11:55 AM
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Joined: Dec 2010
Posts: 11,217 Armpit, ak
Dirt
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Sounds to me like Canadians may not have jobs to return to when it is deemed safe to return to work. Our government, at least, understood the importance of a lifeline for businesses. Speak for yourself. 100% customers banned here.
Who is John Galt?
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Re: Interesting Article
[Re: white17]
#6962983
08/13/20 01:51 PM
08/13/20 01:51 PM
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Joined: Dec 2010
Posts: 11,217 Armpit, ak
Dirt
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Posts: 11,217
Armpit, ak
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Same as the Canadians. Foreigners locked out.
Who is John Galt?
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