Re: Long term economic views

Jim Quinton (jquinton@csc.noaa.gov)
Mon, 24 Aug 1998 15:22:19 -0400

Thank you for your kindness! I'm afraid I really did need some help with
the preceding allusions. Your response is most welcome and appreciated.

>As far as I can see, real capitalism means trying to make a profit by
>producing and selling good and services, so you can live a decently
>comfortable life and not hurt anyone else in the process.

This seems very clear to me, too.

I think of it a little more fundamentally than this. It's the motivation to
exchange things of value. Humans "transact" with each other, sometimes
through the medium of currency, sometimes through other recognized symbols
of value, sometimes in pure barter terms. It's pretty much ALL capitalism
if the exchange is not coerced. That's a very critical piece of the
paradigm for me. I don't like the behaviour of multi-national companies in
the realm of ag chemicals -- to the extent I can fathom what they're up to
-- and I am pleased to discover alternative choices, so far.

However, unless we allow for some free-will exchange of values, no system
of farming may endure. My Scottish ancestors had problems with the "system"
of farming dictated by land ownership a few hundred years ago, but they had
the opportunity to leave the homeland and help fill up the frontier.
Without a frontier to go to, we descendants have a bit more challenge,
don't we?

This isn't a conclusive thought, but I am encouraged that I might be
stimulated to think more broadly in this forum. Thanks again for the
edifying explanations/discussions.

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