NY times - Clueless in America

Interesting reading. Link

Id like to see how such a thing gets addressed in a free market economy.

Free market economy vs. Command economy

CERN are close to opening their Large Hadron Collider later this year and it got me thinking. The project has taken 14 years to build and has cost billions. There is no immediate benefit that can be sought from such a project except to further human knowledge in particle physics.

Can you imagine such a facility being developed in the U.S.? The free market economy capital of the world? My thoughts on the matter are that free market economies are very much short term in their vision as the want for wealth essentially overtakes all other value systems.

Something to think about.

English writing

Quick post..

was reflecting on my written skills back in high school and realised that had I known how to touch type back in highschool, I could have practicised writing essays on the PC. First and major benefit is you save time. Lots of time!

Credit Crisis

So I was reviewing my blog after almost a 5-6 month absense and noticed I wrote a bit on this subject back in August.

Well, interesting to see now that many commentators and many people saying that when the collapse comes (not if) its going to be BIG. It will be bigger than the dotcom bubble burst, and quite possibly may match the depression of the 1930s.

Supply vs. Demand

Anyhoos, I was reading reddit and some article on current affairs in the U.S and the following thought came to me;

Economics is based on supply and demand, correct?
So the question I want answered is, does demand include the ability to purchase or is it simply a want? Same goes with supply, does it include the ability to actually sell a good/service and not simply based on speculation?

The above questions came when I was reading about the rich/poor divide in the U.S and got to thinking, if there were only two people in the world, one super rich, the other very poor. Does the 'wealth' of the super rich guy equate to nothing if the poor guy cant afford what the rich guy has, or better yet, has no desire in getting his wealth?

Just some random thoughts....