e$: The Demographic "Transaction" (was Re: Schelling Points...)

[Timothy C. May]

At 2:36 AM 7/30/96, Arun Mehta wrote:

>Socialism as an economic philosophy is fairly discredited, and is
>on its way out without my expressions of outrage needed to help
>it along. Yet, the capitalist economy seems to be no better at
>dealing with extreme poverty.

Really? Extreme poverty seems to be its own reward.

So, I think market economies are dealing with the incompetent and/or the
lazy very well.

(This may sound harsh to many of you, but think about a world of seven
billion souls, many of them living at the margins of survival. Not much
more could be expected, no matter the economic system. In particular,
command economies have not been more effective. Think about it this way: in
100 years, who cares if a billion or so folks lived only an average of
38.37 years instead of 41.91 years?)

--Tim May

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