Tuesday, January 06, 2009

Managing to failure

All managed markets—whether managed by government allocation as under Communism or by government sponsored central bank credit as in Capitalism—are doomed to failure.
Almost no one sees this. That's why failure is a given...
total collapse, trying to fix a failed system created
by the same mentality that founded it, using the same

They don't know how to do anything else.

Earthmonkey has just been buggered in the dark again
and he doesn't know who did it.

It's a tired old story.

And, if the internet survives, they can't cover it
up as they have in the past.

Will you inform him?

Full article.