[ExI] are all cultures equivalent?

Rafal Smigrodzki rafal.smigrodzki at gmail.com
Mon Apr 13 08:50:40 UTC 2009

On Mon, Apr 13, 2009 at 1:46 AM, Stathis Papaioannou <stathisp at gmail.com> wrote:
> 2009/4/13 spike <spike66 at att.net>:
>> My view on the wealth of nations is of course influenced by our recent
>> experience with the Berlin Wall, and the results revealed upon it's
>> destruction in 1989.  That was a good semi-controlled experiment which
>> demonstrates the relative success of the two systems.
>> Do allow me offer a comment from a controls engineer's point of view.
>> Compared to communism, capitalism shortens the feedback loop from personal
>> investment to personal enrichment, where the term personal investment
>> includes one's own labor, intellect and risk of personal assets.  Holding to
>> the classic controls theory analogy, we would say: by shortening that
>> feedback loop, the gain of the system is increased.  Of course there are
>> winners and losers, but the higher gain feedback loop of capitalism performs
>> better overall.  Economic freedom creates wealth.
> And, in the final analysis, the efficient and productive systems shall
> prevail over the less efficient, less productive. So what would you
> say if in a few decades the wealthiest, most powerful nations are not
> following a pure free market economic program?

### There has not been a case in history where a nation would become
wealthy and powerful during peacetime by following anything else but
the freest market economic path possible under the circumstances.


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