95 lines
4.4 KiB
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95 lines
4.4 KiB
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From fork-admin@xent.com Sat Sep 21 20:22:00 2002
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Sat, 21 Sep 2002 10:30:37 -0400 (EDT)
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To: "Mr. FoRK" <fork_list@hotmail.com>
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Subject: Re: sed /s/United States/Roman Empire/g
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References: <979BE8FE-CCF6-11D6-817E-000393A46DEA@alumni.caltech.edu>
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<DAV72xvjPkQTGpaoG1V00000fd0@hotmail.com>
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From: Gary Lawrence Murphy <garym@canada.com>
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X-Home-Page: http://www.teledyn.com
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Organization: TCI Business Innovation through Open Source Computing
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Date: 21 Sep 2002 10:30:37 -0400
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>>>>> "f" == fork list <Mr.> writes:
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f> "Free trade and free markets have proven their ability to lift
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f> whole societies out of poverty" I'm not a
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f> socio-political/history buff - does anybody have some clear
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f> examples?
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China? Ooops, no wait, scratch that.
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There is one counter example that I can think of, but it may not be
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precisely "free trade/markets" -- when Ben Franklin first visited
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England he was asked why the colonies were so prosperous. Ben
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explained that they used "Colonial Script", a kind of barter-dollar,
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and increasing the supply of script ensured complete employment. The
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British bankers were furious and immediately lobbied parliament to
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clamp down on the practice. Within a few years, the colonies were
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rife with unemployment and poverty just like the rest of the Empire.
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According to questionable literature handed out by a fringe political
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party here in Canada, the Founding Fathers had no real complaint about
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tea taxes, it was the banning of colonial script they were
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protesting. If this is true, then it comes right back to the forces
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that killed Ned Ludd's followers as to why popular opinion believes
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they were protesting a tea tax. The same pamphlet claimed that Canada
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was also a prosperous nation until, by an act of parliament in the
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late-50's or early 60's, the right to print money was removed from the
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juristiction of parliament and handed over to the Bank of Canada.
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I've wondered about all this. Certainly the timeline of the collapse
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of the Canadian economy fits the profile, but there are oodles of
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other causes (for example, spending money like we had 300M people when
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we only had 20M) Anyone have any further information on this?
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--
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Gary Lawrence Murphy - garym@teledyn.com - TeleDynamics Communications
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- blog: http://www.auracom.com/~teledyn - biz: http://teledyn.com/ -
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"Computers are useless. They can only give you answers." (Picasso)
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