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26 January 2005

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baboon

mrbudak if you continue to generate such quote worthy posts, i swear i'm going to start using your site as a reference site for my research in school lol. speaking of which i found the ST article about this particularly parlimentary debate by Dr Geh Min quite encouraging. Got it in a NSS email. Think I'll definitely use that for my env planning class.

btw, i am guilty of searching for "definition budak" when I first encountered your blog. THANK GOODNESS the definition i got was correct! *PHEW* but judging by the photographs on mrsbudak blog from your foray into epicurian 16course(!) heaven the other day, budak definitely fits the description :P facial hair or otherwise is always a problem. tsk tsk tsk

but hey many men your age wish they looked younger. my bf's already fretting about balding and my BIL at 32 has already been bald for 10 years!

Why are you men always fretting about hair?

Tyrone

Wow... that was a long one.

Economy is perhaps the most noble science as it searches for the optimum relationship between supply (what natural resources offer) and demand (what people need). Economy is about creating wealth for all. Economy cannot be separated from ecology for all life on Earth is part of the same corporation. While I hate to lend lunatic Gaia theorists credit but the point is inescapable: should we tip the balance beyond repair we will be ousted from our part in the Earth Corporation. Snuffed out like the victims of some timeless efficiency expert (the processes of evolution). (FYI: I don't buy the Global Warming Catastrophe hype.) No, I firmly believe we could never cause so much damage that there would not be any humans left to suffer for their stupidity but now I digress…

Bible-Thumpers regular preach about the coming end where the faithful will be raptured and the wicked damned; and that for this reason we should not concern ourselves with matters of conservation.

The opening chapters of Genesis contain 3 commands: do not eat from the tree of knowledge (stuffed that one up... now we are accountable for our actions); be fruitful and multiply (no problem there...); and that we should rule over all life on Earth.

So, we are to rule over the Earth. God, later on, says that rulers have responsibilities to their subjects and they will be brought to account for their actions. On the day of judgment we will be weighed on two things:

1) Did we accept the gift of God's grace through faith in Christ? (Yes means you progress to phase 2; no means you join Satan, Hades, Death, the False Prophet and Antichrist for a barbeque. Guess who is on the grid?)
2) How have we served God? On this we will be rewarded according to our works. But what reward do we deserve if we have squandered the wealth God gave us to take care of? Recall the parable of the Bad Servant, the bad servant was tossed out on his ear and his reward was given to someone who served better.

Modern economy has two problems:
1) those in charge are not concerned with optimum good but rather optimum goods. They are not concerned with generating wealth and quality but rather generating money and quantity. They ignore John Nash's theorems as if they were stop signs.
2) Today, businesses are molded around ideal economic theories rather than economic theories molded around real world situations. This is so in science today as well. Models and theories, however accurate in explanation and prediction, are still inventions and far cries from the essential truth.

We often remark that the universe obeys strict mathematical laws. Rubbish! We invented the math. How can the universe obey laws we invented after the fact? Our math fits and describes the Laws that govern the universe not the other way around.

If we ignore this, theories become ideologies rather than tools. And history tells us that ideology generally ends in war and suffering.

What is today's market ideology? Greedism. Get as much as you can while you can and stuff anyone who gets in the way because I'm not accountable because God doesn't exist.

It is wrong to equate Capitalism with Greedism. Capitalism is about capital: interest, responsibility, owner's equity. Capitalism is a philosophy of ownership and responsibility. Each has to work for himself to bear fruit in society and all have the opportunity to do so. This is not what we see in the Corporate World which is dominated by Greedism where the Fatcats reap the rewards and the pay-cheque slaves carry the responsibility.

The ecology is a source of great wealth that cannot be equated to money or worldly riches. It is a source of inspiration and relaxation. It is a source of priceless beauty and unending innovation. To destroy the world's ecologies we rob ourselves of a remarkable richness. It makes us poorer. And God will certainly not taking kindly to how we have squandered these vast riches he bequeathed to us.

tt4n

budak

Haha, the dismal science is as dangerous and Byzantine a discipline to tread as evolution, and with more money and lives at stake to boot. I would say that there is are both descriptive and prescriptive economics. For myself, I would agree that capitalism is still essentially the best possible (or as with democracy, the least worst of the lot) model for the optimal provision of a vast bulk of goods and services. It is also (as our mutual friend in Bishop would say) compatible with the principle of individual free choice.

The problem I have is really with the prevailing (and largely conservative-politics-driven) ideology of universal marketisation and monetisation of every aspect of life, and their explicit goal of eliminating the state from everything but the most basic of functions (defence, law and order, and of course censorship and regulating morals/family values). As you said, the ideals and equilibriums generated by theoretical models typically ignore the real dynamics on the ground – especially the fact that even in the most ‘capitalist’ of economies, the distribution of power (both market and political) and knowledge is highly uneven, and worse, in much of the developing world (look at the Philippines and Indonesia), what passes for ‘capitalism’ is merely oligo-feudal-corporatism, a state of affairs where political and business elites are cohabitants and genuine business and profit-making motives are secondary to mutually reinforcing favours, kick-backs, pork and concessions. You could say that it has come to the absurd point where corporations (and the individuals who control them) enjoy more rights of action and say in policy than the accumulated voice of individual citizens.

There is an essential role for the state to serve as a neutral enforcer of rules that would create a more level playing field as well as establish institutions and regulatory bodies that uphold the rule of law and mitigate the negative externalities of many commercial or industrial activities. I am not a great fan of welfare aka income redistribution, but it’s not too far fetched to say that with many goods of public nature (education, healthcare, city planning, parkland, infrastructure etc), private supply would be at levels that would generate negative externalities for the entire populace. With the environment, there is both the above problem of it being a public good as well as the irony that because nobody in particular owns it, nobody has the incentive to utilise it in a sustainable manner (the so-called tragedy of the commons). Thus, a company which gets a 5 year concession for a forest will logically prefer to squeeze every log out rather than manage the harvest for the long term. Of course, there is the other element of measuring the costs (from flooding, pollution, water deterioration, tourism, biomedical potential etc) that an economy would incur if, say, a forest or wetland is removed. The dilemma, then, is how to construct a framework that offers individuals, corporations and politicians lasting incentives to see that the preservation and sustainable management of natural areas serves both private interests and public good. Some would in fact argue with good reason that more capitalism (e.g. giving property rights, tenure and microcredit to landless peasants, or removing barriers to rural entrepreneurship) is needed to achieve this.

Secret Rapture

My inaugural address at the Great White Throne Judgment of the Dead, after I have raptured out billions!

At: http://www.angelfire.com/crazy/spaceman/

Your jaw will drop!

eschatology,End Times,second coming,rapture,secret rapture,Second Resurrection,Great White Throne Judgment of the Dead,
End of Days,Day of the Lord,Endtime,Judgment Day

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