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Oil Shock


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2005 Sep 23, 2:25am   29,295 views  276 comments

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By Randy H

Oil Shock! It now appears that the US will suffer another severe blow to its oil refining infrastructure. With this being the second major shock to the supply-side of energy in less than a month, and with oil, gas and petrol being major inputs into the US economy, how could this affect the overall US economic situation. Could inflationary energy pressures, rising interest rates, and worsening deficits finally pop the real-estate bubbles in the “frothy” RE markets?

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22   Escaped from DC   2005 Sep 23, 9:36am  

Tsusiat - To answer . . .with your thoughts in brackets . . .

[ask 75% of Canadians if they mind paying higher taxes for our medical system, which costs less overall and is more efficient on a national basis then yours, and what do you think the answer is?]

I won't debate you on relative health care issues or what a majority of Canadians will say - I don't know. But try this . . . You know how we spot the Canadians on the beaches of Maine? They're the ones with the big ragged scars.
Even if I take you word for it, however, I still disagree with you. What you're proposing is pure socialism. We all throw our money in a pile, and then we take what we need. Ther person who chooses, NOT FORCED TO, but chooses to not work gets a free ride.

[Are you trying to say that all those people are lazy and living off the fat of their brothers?]

No. I'm trying to say that the abusers of socialist systems make the systems fall apart.

[Hey, we pool our money and pay for it together - what’s wrong with that - it’s available to everyone, so it’s not a matter of supporting those who don’t contribute.]

This point makes no sense. If some don't contribute and they use it, then it is a matter of exactly that.

[In fact, studies consistently show it is the middle and upper classes in Canada that make the most use of the medical system - so nobody is taking advantage of anyone.]

This logic is really weak. First, the middle and upper classes pay for virtually all of your health care, right? Second, the "lower" class pays for none or little. If they pay for none and they use it, then they are taking advantage of the system IF their actions are a choice.

[In the US, on the other hand, it is thinking like yours that fuels an ongoing mindset of class war, that really puts the blame on the unsuccessful for being unsuccessful.]

Look. Real simple. My neighbor was not "unsuccessful." He CHOOSE to not work more. If you don't see a difference there, then that is our point of contention.

[It’s all their fault for not pulling themselves up by their bootstraps in an era of million dollar housing and $7 an hour service jobs.]

I worked 7$ an hour jobs for years. I begrudge no man an honest days labor. It is not the hard workers who concern me. It is the lazy slobs who populate this world who are happy to take the free ride.

[By your logic, anyone smart enough should have a high paying job or it is their fault they need help later]

Nothing I wrote can be reasonably construed to mean this.

[And since when is earning $50,000 and serving the needs of the public something to be dismissed out of hand?]

I didn't dismiss anything out of hand. I said it was his choice. As for "serving the public." C'mon. Are you a govt. worker up there?

"Would you prefer there be no government employees at all? Or maybe they should work for $7/hr. Or better yet, how about for free?"

How about this. How about when I go into the DMV it doesn't look like time slowed down.

Oh yeah, right, you wouldn’t be one of those people who on the other hand complains about a lack of federal responsiveness to the natural disaster du jour would you?

Stirring the pot.

23   Escaped from DC   2005 Sep 23, 9:37am  

I hit some buttons and all that posted .. .. to finish

"Oh yeah, right, you wouldn’t be one of those people who on the other hand complains about a lack of federal responsiveness to the natural disaster du jour would you?"

NO! In fact, I expect nothing less than excellent ineptitude from the governement.

Unlike you, however, I don't think you can cure the disease of government ineptitude with money.

24   Peter P   2005 Sep 23, 10:56am  

Any oil trader in this blog?

25   tsusiat   2005 Sep 23, 11:09am  

Escaped from DC,

LOL! Righteous indignation, I love it!

"I won’t debate you on relative health care issues or what a majority of Canadians will say - I don’t know. But try this . . . You know how we spot the Canadians on the beaches of Maine? They’re the ones with the big ragged scars.
Even if I take you word for it, however, I still disagree with you. What you’re proposing is pure socialism. We all throw our money in a pile, and then we take what we need. Ther person who chooses, NOT FORCED TO, but chooses to not work gets a free ride."

Who cares what a scar looks like? Are you trying to imply cosmetic appearance is more important than, say, universal medical care? Are you kidding?

Why is it BTW that socialistic Canada is the only G7 country to run a fiscal surplus for the last 7 years?

Oh yeah, don't forget the US socialistically pools its money to run a world dominating military, so they can't afford basics found in other industrialized countries all over the world, like a universal health care system.

Why is it that pooling money to fund your military adventures is an unquestioned obligation on Americans, and is not equated as exactly the same type of activity as pooling money to fund anything else, but pooling money to pay for health care is somehow "socialistic"?

Are you saying all that money being pooled to run your military was not collected from your entire population through taxes, and therefore is causing a tax on the rich, who pay more, to provide freedom to the poor, who pay nothing?

Oh yeah, I forgot they're being recruited and in some cases paying with their lives - so maybe the tax isn't higher on the rich.

Gotta love Michael Moore asking how many congressman were lobbying their sons to sign up for a tour of duty in the sand.

"If they pay for none and they use it, then they are taking advantage of the system IF their actions are a choice."

Your comments about your bureaucratic neighbour are certainly unkind. It is easy to harp from the right wing about how ineffectual or inefficient government is, but what is your solution?

And how does your detailed, realizable solution support or not support globalization and multinational corporations with a vested interest in stability and the status quo?

Are you implying all government employees are lazy? Would that include military people in Iraq, who of course are federal employees? How about all teachers, firefighters and policemen? Are they all lazy and settling for second best and don't deserve any support from society, because their wages are probably lower than $50,000 a year?

Let me see, it's all just their choice to take those low wages, as opposed to for instance, a love of their work, that leads people to these careers?

And of course, every one of them has the opportunity to earn more money, right? Doing what, real estate speculation? Renting "investment" properties, selling freelance writing to blogs?

How is that possible, you are talking about an even BIGGER credit bubble if such a thing was to even feasible, because it could only be achieved through further CREDIT!

Meanwhile all entrepreneurs understand the darwinian nature of society, and are entitled to keep all the money they have accumulated by any means from anyone?

BTW, society and civilization at all stages of development from ancient times until now are all about pooling resources for the advantage of all. When the "rich" in a society start to experience a complete disconnect and disregard for this basic fact, the eventual outcome is one of three things - chaos, dictatorship, or the guillotine.

Which outcome do you prefer?

26   tsusiat   2005 Sep 23, 11:29am  

Randy H,

here is an interesting link on China's economy - in much the same way americans feared Japan in the late 80s, the financial behemoth of China is to some degree stacked on a house of cards, if you understand the implications of this line of thought....

http://english.epochtimes.com/news/5-9-8/32097.html

Personally, I think high oil prices are going to devastate most of the developing world, unless they are lucky enough to possess some reserves of their own and can make some positive use of the new income.

A few words on oil shortages in China...

http://english.epochtimes.com/news/5-8-23/31512.html

China falls into this group of vulnerable countries, in my opinion, and this leads to such disturbing speculation as a chinese plan for nuclear war...

http://english.epochtimes.com/news/5-9-11/32195.html

Cheers,

tsusiat

27   Peter P   2005 Sep 23, 11:33am  

It is much easier to implement socialistic policies in Canada because:

1) It is very rich in natural resources
2) It has low population density
3) Its citizens are highly educated

Most successful "socialist" countries (e.g. Sweden) have these properties.

28   Peter P   2005 Sep 23, 11:41am  

BTW, tsusiat, you can get a better understanding of Escaped from DC by going to resistyourbiology.com. It is a very informative and interesting site.

29   tsusiat   2005 Sep 23, 12:02pm  

Peter P,

thanks for the link. After a little reading at the above mentioned site, I now understand the basic thesis for Escaped from DC's postings.

Basically, the stuff written there all boils down to blaming the victims. I quote:

"You chose to live in New Orleans, which has been hit be several hurricanes, which is below sea level, and which is known to all residents of New Orleans to be a particularly susceptible hurricane target. For a few bucks in bus fare, you could have moved almost anywhere in the U.S.."

Let me guess, a similar analogy would be, you chose to live in a trailer park, which are known to be susceptible to tonadoes, so when your trailer got torn apart -IT WAS ALL YOUR FAULT.

Or by extension, you chose to live in an american city, which are known to be targeted by Chinese and Russian nuclear warheads, so when you were vaporized - IT WAS ALL YOUR FAULT.

You were the wildebeest on the edge of the herd, the easiest one for the lions to get to, so when they killed you and tore you apart - IT WAS ALL YOUR FAULT.

This type of blame the victim psychology is most unhelpful to a smoothly functioning civil society.

Somebody has to be willing to help out others for some reason other than immediate self interest or remuneration, or all human interaction is reduced to darwinian struggle. Is that preferrable?

Perhaps in some isolationist world views, that's the case.

Personally, I prefer a little socialism.

30   tsusiat   2005 Sep 23, 12:27pm  

Yustas, that's exactly what you see in Vancouver's West End. Some people believe the suburbs are set to die with the boomers, and all that outpriced real estate "out there will be worthless" when our car-driven petroleum frinedly society gets too expensive to maintain. How would you like to heat a 4,000 square foot house with natural gas in Canada or the NE US if the price of natural gas was 4 or 5, even 10- 20 times higher than now? Check this link out for a very thorough explanation of this problem:

http://www.globalpublicmedia.com/articles/383

Of course, maybe there's nothing to worry about...

31   Peter P   2005 Sep 23, 12:35pm  

tusuiat, isn't the West End very expensive? I love Vancouver.

32   Peter P   2005 Sep 23, 12:40pm  

I think condo is a very sustainable form of housing. We can afford more open space with the same population density, more density with the same space, or a combination of both.

33   Escaped from DC   2005 Sep 23, 2:17pm  

Tsusiat -

I've met you many times before.

First, I'm no right winger. Why do you paint me as such? Is that how you approach every argument? You place the opposition in the Rush Limbaugh seat and take out your script?

Second, your quote from RYB.com is a cherry pick and does not represent what is being said there.

I say the federal government is swollen and inefficient, you say

"so every government worker is lazy?"

That argument type, which I've seen so many times, I call "move it to the extreme." It's a method people use to avoid addressing a difficult point.

It's like you say to your wife, "jeez babe, do you think when you get the mail you can put it on my desk and not on the back of the couch where it can fall off?" She replies, "so I can't do anything right?"

No, of course I don't think every government worker is lazy. Why would you say such a bizarre thing? I think that government as a system is horribly inefficient, and that the bigger it gets, the worse it gets. Some employees work hard, some don't, but very few if any have the proper motivation to do their best.

RYB.com says that personal responsibility has got to be at the forefront of every discussion of human behavior. Without it, everything becomes a race to the bottom.

Your perspective seems to be "everybody is a victim, and there's nothing some people can do to better their condition."

I've met you many times.

You're the kind of person who looks at me, what I've done and what I have and you say, "you're a lucky guy."

I think socialism is a beautiful theory that is absolutely impossible to implement in a world with stupid human animals.

My example of my neighbor is straightforward. He chooses to work at a level well below what he is capable of. I do not have any problem with that, but I do not think that he should demand that I pay more for his retirement than he does.

To this you write - "your comments about your neighbor . . . are unkind."

How can a simple description of what is, be unkind? I said nothing other than what he chooses to do. What you seem to object to is my stating the situation - I didn't create it, I just pointed it out.

You have assumed so much.

Why do you talk about the American military complex as if I support it?

Why do you talk about charity to the needy as if I don't support it?

Why do you say I blame the victim? I hold the victim accountable for ems own decisions. It doesn't mean that I have no concern for them. It simply means that I will not ignore bad decisions that lead them to their current state. Why do you think that is wrong?

The people I have met who talk like you all have one thing in common . . .

They think that there is a system that keeps people down. They think that most people are victims of their environment. They think that all people who have something have screwed somebody to get it.

In short, the people I have met who talk like you are the ones who have the class envy and who propagate the class warfare.

You say I blame the victim. I say you absolve everybody of blame.

So here is the central point on which we disagree, I think. Please tell me whether you think this is our point of disagreement (or at least one of them).

The basic tenet of socialism is "each gives according to his ability and each receives according to his need."

Given that,
I believe that most people will take at least according to his need, but will give less than his ability.
You believe that most people will give according to his ability, whether or not he takes.
Is that right?

34   Escaped from DC   2005 Sep 23, 2:32pm  

John, I don't understand your point. Can you clear it up? Are you simply saying that there is no money in a SSFund somewhere?

35   Escaped from DC   2005 Sep 23, 2:46pm  

People, this is going to be my best post in a while.

If you haven't read Tsusiat's posts, above, then you should read them before reading this.

Tsusiat - First, I have no ill feelings toward your country. I'm no patriot and I don't like regionalism.

Second, I was eventually going to tell you that, "wait and see, no socialist system can ever work." But I don't have to because . . .

I did some quick research on Canada and here's what I found . . .

Prior to recently, all Canadians were FORCED to used government health care.

This means that not only was the insult of taxation imposed, but the injury of being forced to use the government system was opposed on top of that.

Hey, maybe what we've got here is broken, but, in my opinion, puttin a gun to somebody's forehead and saying "you can't use your own doctor" is no way to fix it.

Recently, however, and this is a beautiful thing of timing, the Canadian Supreme Court heard a case about whether it was Canada's version of constitutional to force people to use government health care when that system had a huge waiting list.

Me? I've never had to wait for basic health care. The poor folk here? Them neither.

Here's some snippets from the case . . .
"“where the government is failing to deliver health care in a reasonable manner, thereby increasing the risk of complications and death,” the prohibition of private health insurance is unreasonable and violates Charter Rights."

"They rejected the argument that allowing Canadians access to a private alternative when their health is jeopardized by long wait times would undermine the public system and concluded “life, liberty and security of the person must prevail.”"

"Chief Justice Beverley McLachlin pointed out “Access to a waiting list is not access to health care.”"

That don't make Canadian health care seem so great, eh?

"Canadian governments now spend far more per citizen for health care than 10 years ago with Ontario, as an example, devoting 46 per cent of its entire budget to health care, up 25 per cent from 1985. Despite such increases the system has improved little, if at all, particularly with respect to waiting lists."

46 per cent? YOUCH! That's gotta be killing the standard of living up there.

"Out of 23 advanced countries, Canada ranks 16th in the number of physicians per 1,000 population, with just 2.1 physicians for every 1,000 Canadians."

"Overall, Canada ranks 15th out of 24 advanced countries in access to MRI and 17th out of 23 in access to CT scanners and eight out of 22 in access to radiation machines. In the developed world, we rank 16th in the rate of infant mortality and 14th in life expectancy. In the world’s 30 most-developed countries, 28 - including Canada - dictate the right to health care regardless of the ability to pay. Of those we tie with Iceland as the highest spender on health care when adjusted for age, but rank near the bottom in access to technology and physicians with Canadian patients waiting longer then patients in most of these countries."

Gulp!

Finally, I point out that, because of America's disgusting corporate dominance of its own people, America heavily subsidizes the cost of medicine in Canada. That's going to end soon enough, however, and then Canada's costs are going to go up.

So, Tsusiat, the numbers are all there. The supreme court decision is there. In short, the demonstrable effect of socialization is there. 47% of a budget on health care?

That's a bigger pig than even I could have imagined.

Socialism always fails. It's only a question of when.

One last thought. Relative to the rest of the world, I'd say the US would be a very tough place to institute socialism because the proportion of freeriders in the US would likely be higher than in Sweden, where, ironically, I lived.

36   SQT15   2005 Sep 23, 2:54pm  

I wonder if the difference's in opinion on this thread have more to do with birthright or politics.

Does that make sense? What I am getting at is that I was brought up with the John Wayne ideal of American individualism. I was taught that the quality of your life is what you make of it. My parent's favorite saying was "The harder you work, the luckier you get." We've always believed that a good old fashioned work ethic is what it takes to make it, and I still believe that. And I think that is so inherit in the American mindset; you know, the American dream of the white picket fence, yours for the taking if you work hard enough for it.

So I think the ideals that go with socialism tend to go against the grain for most American's. And the ultra liberal, the one's who are looking for more government intervention and support, tend to be looked upon by distain by those who feel we should be able to pull ourselves up by our bootstraps and forge ahead.

Perhaps the Canadian philosophy is different and you've been brought up with a different set of ideals. Either way, I doubt we'll be able to change eachother's ideology. I like the idea of self-determination, I think I always will.

37   SQT15   2005 Sep 23, 2:58pm  

I've known people who lived in Germany who came to the U.S. whenever they needed health care because they knew the quality of care here is so much better.

Btw. Michael Moore doesn't speak for all American's-- not even close.

38   Randy H   2005 Sep 23, 3:11pm  

Being my normal self, I feel compelled to point out examples of socialist systems that have worked. First, it is important to draw a distinction between the economic system of socialism from the political system of democracy. It is entirely possible for a democratic socialism to exist, just as it is possible for capitalist facism to exist. We have ample examples of both in the 20th century.

Basically, it's as Peter P pointed out, small, homogenous, highly educated populations which are resource-rich and geographically fortunate tend to succeed quite well as socialist democratic societies, whereas market capitalism (US style) would be a disaster in most these nations because they lack the lower labor classes.

Sweden, The Netherlands, Belgium, Germany (pre re-unification), much of the rest of Scandanavia, Luxembourg, Switzerland and Austria. All of these countries are quite socialist compared to US/Anglican style market capitalism, and most have posted higher per capita GDP, GDP growth, and standard of living than the US (except Germany post re-unification, which ended the German Economic Miracle). Even France and later Germany succeeded very well with heavily socialist systems until such time as their populations began diversifying.

Now, I think socialist economics is dead wrong for the US, and for much of the rest of the world. But this doesn't mean it's wrong for everyone. And, if you are consistent with your Libertarian ideals, then you will recognize that each nation has the right to determine its own course for its own peoples. But, socialism is not anti-democratic, it is not anti-christian (or whatever the reigning theism claims), it is not communist (which is a political form of government), and it is not automatically doomed to failure...and likewise market capitalism is not guaranteed to succeed. If you need evidence of this, read Stiglitz' book and witness the 20+ nations destroyed by IMF forced premature free-market capitalism that they weren't ready to handle.

39   Escaped from DC   2005 Sep 23, 3:13pm  

Michael Moore suffers from the same issues as Rush Limbaugh.

SactoQT - are you female?

You know, funny that I never thought of the whole individualist thing as an American thing. Maybe you're right.

I met an older woman from Ireland and she was absolutely the biggest "it's not my fault" person I ever met. She thought everything was a conspiracy to keep people down. It was really rather bizarre. She worked for several years in retail making low wages. I suggested that maybe she should go back to school and get some training in something else. "No, they would just discriminate against me because I'm older."

I gotta tell you, good workers are so few and far between, when I found one, I'd hang on to em like they were a life preserver - I didn't care what they looked, who they had sex with - are you kidding me? You mean they won't screw up every fifth thing? I'm keepin em. I mean, really. The best cure for racism and xenophobia is having to deal with some lazy slob who looks and sounds just like you.

40   Randy H   2005 Sep 23, 3:18pm  

I’ve known people who lived in Germany who came to the U.S. whenever they needed health care because they knew the quality of care here is so much better.

I know Germans, and even moreso Austrians, who do the opposite.

Some procedures in the US are the best in the world, but these tend to be complicated, technology-heavy operations which rely on state-of-the-art research and technique. For everyday ailments, I have had much better experiences in France, Germany and Austria. I've lived in all these countries extensively, and would take their every-day practitioners and health-system over the average American experience any day. If I needed a triple bypass, I'd fly back to the US.

41   Randy H   2005 Sep 23, 3:22pm  

...and Michael Moore is a moron. He should have stuck with TV Nation. My money is on Penn and Teller.

42   Peter P   2005 Sep 23, 3:27pm  

Michael Moore? Give me a break.

43   Peter P   2005 Sep 23, 3:33pm  

If you need evidence of this, read Stiglitz’ book and witness the 20+ nations destroyed by IMF forced premature free-market capitalism that they weren’t ready to handle.

Randy, it appears you and me do share quite a few economic beliefs. ;)

44   Escaped from DC   2005 Sep 23, 3:36pm  

Hey Randy, "If I needed a triple bypass, I’d fly back to the US."

Yeah, but what would you go to Canada for?

45   Randy H   2005 Sep 23, 3:38pm  

the percentage of Swedish unmarried pregnancies in 1996 was 54% percent

This is a social norm within Swedish society, and not necessarily an implication of whether their system "works" or "doesn't work". A Libertarian would not be concerned about their chosen family structure, so long as it is not coerced.

The Swedish system has indeed worked for 50 years. For how many years has the current US sytem worked? What makes you think this system is any more sustainable than theirs (and I think it is, but not for the same reasons as you seem to imply)? If you insist on counting the US' gains pre WWII, then you are implying that sweatshops, Oligarchic abuses, and systemically enforced racial serfdom were just dandy. I abhore coercion: it is the enemy of Libertarian ideals.

46   Randy H   2005 Sep 23, 3:40pm  

Yeah, but what would you go to Canada for? I'm purposefully not commenting on Canada because I can't speak with any knowledge on the subject. Given that, I wouldn't go there for anything because I could just come home.

47   Randy H   2005 Sep 23, 3:47pm  

...and, when addiing in teenage minor dependents, unmarried pregnancies in the US were 50% in 1998, according to the CDC. It appears that this variable is uncorrelated to the underlying economic system of choice. (Most US statistics exlcude minor pregnancies, which dramatically reduces the aggregate statistic).

48   Peter P   2005 Sep 23, 3:49pm  

tsusiat, your post contains some URLs. As a result, it was put into moderation. Try replacing links with tinyurl and it will be fine.

49   Peter P   2005 Sep 23, 3:51pm  

I would love oil to go up in price. $120/barrel if necessary. It is time to put focus on alternative energy sources.

50   tsusiat   2005 Sep 23, 3:52pm  

Randy H,

thanking you for pointing out the obvious variety of compatibilities between political and economic systems, and that there is not a right and wrong combination.

After all, a "communist" China is now the new capitalist titan of asia.

Personally, I feel we live in a capitalism clothed in the ritual trappings of democracy, and that is in "socialistic" Canada!

tsusiat

51   Peter P   2005 Sep 23, 3:53pm  

It appears that this variable is uncorrelated to the underlying economic system of choice.

Very true. Family values are going down the drain. Or perhaps I am too conservative?

52   Peter P   2005 Sep 23, 3:55pm  

After all, a “communist” China is now the new capitalist titan of asia.

There is a name for their system - Market Leninism!

OTOH, isn't it ironic that wealth, resource, and democracy are prerequisites for "socialism"? ;)

53   Randy H   2005 Sep 23, 3:57pm  

Very true. Family values are going down the drain. Or perhaps I am too conservative?

Maybe the nature of what consitutes a family is changing. I don't like this conclusion, but I"m forced to accpet it as a possibility as a rational thinker. That said, I prefer a "traditional" family for my own personal choice. That doesn't mean I'm better, just excercising my own freedom of pursuit of happiness.

54   praetorian   2005 Sep 23, 3:58pm  

"TW, society and civilization at all stages of development from ancient times until now are all about pooling resources for the advantage of all."

I disagree. Civilization is about creating a virtuous and free citizenry, which, as its end, allows people to lead well-lived lives.

Clearly many societies have been formed, and continue to be formed, in which resources are not pooled for the advantage of all. Consider radical sharia, or slave-owner societies in africa. I think you are confusing why you *think* societies should be formed with the rather uglier reality of why they are.

Cheers,
prat

55   praetorian   2005 Sep 23, 4:00pm  

God. You bubbleheads are always negative. Bunch of losers.

_smile_

Kisses,
prat

56   Randy H   2005 Sep 23, 4:01pm  

I would love oil to go up in price. $120/barrel if necessary. It is time to put focus on alternative energy sources.

Would you support next-generation nuclear power? When you look at the real, absolute energy consumptions needs of the US it is the only viable "alternative" in the near-term.

57   Escaped from DC   2005 Sep 23, 4:02pm  

Hey Marina, how you been?

Randy H -
THe US number you quote is misleading. A large % of that number is minority/urban culture. The better comparison is to US folk in the same socio/economic level as the Swedes. Compared to that number, the Swedes are high. I'd argue that it's a product of their rotten system, and I'd argue it's bad in the long term for the society.

I didn't follow why you were discussing US WWii stuff.

Randy wrote "A Libertarian would not be concerned about their chosen family structure, so long as it is not coerced."

I don't agree. A libertarian doesn't want the government or his neighbors to dictate terms on things like family structure, true enough, but he certainly can care.

For example, I would never vote for a system that made my neighbor work harder, but I care that he will not be well taken care of in his old age.

I would never want a system that forced an abortion on a 17 year old who was not married, but I care that she is not married because I know that that condition is causative, in many cases, of a poor outlook for the child.

58   Peter P   2005 Sep 23, 4:05pm  

Would you support next-generation nuclear power? When you look at the real, absolute energy consumptions needs of the US it is the only viable “alternative” in the near-term.

I would definitely support that if there is a sustainable way to handle nuclear waste. Nuclear fusion would be the ideal solution.

59   praetorian   2005 Sep 23, 4:06pm  

Randy,

I note that you approach everything from a rational/libritarian position. I find this position very admirable, but I'm wondering how you deal with the philosophical difficulty of rationality being turned on itself. In particular, I tend to think than any value, when held under rational scrutiny, will fall apart as merely contingent. If blue is no better than red, then why should being good, or free, or a slave with no choices, be any better than anything else?

This is what partially drove me out of the libertarian/rationalist camp, and to Chesterton. Your thoughts (and anyone elses) on the matter would be very much appreciated.

Oh, wait, right. Housing bubble. So, housing will crash 50% by the end of the month. Guaranteed.

Cheers,
prat

60   Randy H   2005 Sep 23, 4:07pm  

I didn’t follow why you were discussing US WWii stuff.

My point is that the current US economic system has only been around since roughly 1948. Pre WWII, it was an altogether different flavor of capitalism which only resembles the current system superficially. So making comparative statements about sustainability based on longevity are not useful. My reasons for believing the US is sustainable are altogether different.

61   praetorian   2005 Sep 23, 4:10pm  

"Would you support next-generation nuclear power?"

To butt in: absolutely.

"When you look at the real, absolute energy consumptions needs of the US it is the only viable “alternative” in the near-term."

Bio-diesel. Algae-based bio-diesel. Please, for the love of pete, algae-based bio-diesel.

http://tinyurl.com/2sbbf

Faster, please.

Cheers,
prat

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