Website review: Boom in the Doom - iTulip.com Forum...
laodan discovered this in Economics
•1 reviews since Apr 5, 2008
finance
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laodan discovered 6 weeks ago- Boom in the Doom in ITulip by Fred
I worry about the outcome of the collapse our broken credit system and the de-evolution of a lopsided US economy that is overly dependent on debt and finance. I am even more worried about the political backlash at a time when the Internet has created the most fertile breeding ground in history for sophistry and demagoguery from left to right. A few years into the kind of downturn I expect a lot of bad and discredited ideas may well become fresh, new and promising again, with the usual dreaded outcome. Readers need to get into the habit of challenging not only the beliefs of others but their own beliefs. This is where we can all make a difference: demand precision, respect expertise but always question motives and interests, and know that the truth is a journey not a place, and always be seeking. Lecture over. Today is rebuttal day. So much ideological economics to refute, so little time. Where to start? My two favorites are an article by professional doomer James Howard Kunstler and a u201cmissiveu201d by the prolific and good hearted critic of greedy Wall Street bankers Mike (Mish) Shedlock. Boom in the Doom Mish's Global Economic Trend Analysis Clusterfuck Nation by Jim Kunstler Are You a Doomer? Most of my postings these last few months concerned the economic and financial fiasco that is today's talk of the media. I make the effort to pluck the daily pearls of sense among some 80 publications. I could not have missed those rare analysises of the coming greatest economic and financial disruption of capitalism since the great Depression? No I could not, for, this disruption will engender a whole new ball game for all of us. But those who follow my postings will have observed that I continued posting about art, about China and India, about alternative energies, about scientific discoveries, about philosophy, about the future Open Society and so on. What I want to say is that I never drowned into doom. On the contrary. I feel that humanity is marching toward its unification through the sharing of a common worldview. This does not imply that we will not experience economic depressions, ecological catastrophes and population falls. It simply means that I don't let myself being overwhelmed by "short termism". In other words I don't believe that an economic depression nor peak oil nor climate change nor any side-effects of modernity, even not societal atomization, will ever eliminate the principle of life. None of those lead to the end of the world. On the contrary they are chances for change. And we all are longing for change is it not? Fred's "Boom in the Doom" is a rational rebuke of some of Mish's thesis and of James Howard Kunstler's doom vision. As he concludes the object of their writings "... does not mean the end of the world. My suggestion to anyone running a site that complains about how screwed up things are start now thinking about constructive solutions." Yep.
- Boom in the Doom in ITulip by Fred
