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By: Gavin Chait on 08 June 2007

Walton, economics is an evolving theory. I wouldn't go to Wikipedia for a current answer. Most of what I'm discussing is price theory; in which, should politicians choose to do so, they can price things that are important appropriately and businesses will respond. Consider climate change. In the past year company investment into alternative energy research has gone from US$35 bn to US$72 bn and that is out of new business scenting an opportunity (and venture capitalists piling in) and old businesses fearing carbon caps as well as new, more nimble, competitors. 
 
In other words Capitalism can, very rapidly, provide solutions to clearly enunciated problems. Any problem for one person is a business opportunity for another. 
 
However, engaging with you may prove fruitless. I see from your blog that you have already made up your mind. Since: "It's all the people suffering the effects of undemocratic decisions taken by a few people protecting the influence of the rich and powerful." 
 
I would ask: who elected you? If you're so convinced of your moral superiority form a political party, enunciate your vision and the steps required to get there, and put it to the vote. That is how democracy works. If you're brave enough. 
 
It takes no bravery to throw stones at the police of a European country. You know they won't do anything other than - at worst - pen you overnight. Stand for election, let's see what the "people" you claim to represent really think.

 

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