[ExI] are all cultures equivalent?

[Stathis Papaioannou]

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?


-- 
Stathis Papaioannou