CDR: Re: A famine averted...

[Ray Dillinger]

On Fri, 13 Oct 2000, Jim Choate wrote:

>No stupid, there are lot's of persons called the 'market'. There is no
>'market' without those individuals. When the market goes out of
>equilibrium then free market mechanisms are not enough to correct.

They most assuredly are enough to correct the problem, provided 
they are allowed to work. 

>It is not in the interest of the market to have a percentage of the market
>die due to resource limitations. If you don't get this then I'm not the
>dumb one here.

If there is a resource limitation such that a larger population 
cannot be supported *easily*, then the market comes back into 
equilibrium by killing off the excess humans.  The problem is 
corrected, and things may then continue on a more even keel. 

Get it through your head -- the Market is NOT the same thing as 
the individual economic actors whose actions make it up.  That is 
the fundamental mistake made by Marx and Rousseau -- Thoroughly 
refuted by Adam Smith and Thoreau, but you can ignore the theorists 
anyway, and look at history for the refutation instead.

			Bear