Friday, January 22, 2010

GPPF's commentaries always provide a good chuckle...

Having spent some time around Ivory Tower intellectuals [philosophy and political science departments at LA City College, American River College,University of California at Davis, and now Georgia State] one thing i've learned is there is something in the air that make some of the "political theorist" and philosophers a little out of touch from time to time.
 
It causes acute cases of historical amnesia, broad based disdain for the common man governing themselves through (gasp) democracy, as well as other forms of antisocial posturing via abstractions like "freedom", "liberty", "truth", and "reason".
 
So I get the latest commentary from Georgia Public Policy Foundation which seems to churn out a lot of Free Market ayn randian commentaries full of Free Market Ideologues who suffer from this Ivory Tower syndrome.  They from time to time have some good empirical data but they keep it light hearted by giving you great one liners as seen in the opening paragraph of Relax (Regulation) and Map a Road to Economic Recovery 
Economies require technology just as mammals require oxygen. In effect, technology is the oxygen from which economic progress is derived. If you wonder about that idea, consider that Soviets launched the first man into space through Kremlin willpower but Americans landed the first men on the moon. The marketplace of ideas in the United States provided the superior research and technology that enabled the U.S. space program to overcome the Soviet albatross.
Um yeah... that and the whole massive R and D effort put on by the government via the pentagon system--which according to Bianco Research cost: $36.4 billion, Inflation Adjusted Cost: $237 billion.  The U.S. space program overcame the "Soviet albatross" via corporatism not the "Free Markets" cheered on by GPPF...

Posted via email from Jim Nichols

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