There are number of lessons to be learnt from Marc's comments and analysis:
Old school pundits are simply out of touch with today's physical realities.
They continue to believe in the neo-classical economic thesis; that we now all know is absurd.
You cannot force templates from 20, 30 or whatever years ago onto today's realities to find meaning.
These pundits are lost in the delusions of abstractions caught between OZ and Wonderland..
Foolishly they believe the past is repeated somehow again and again in the future. It Isn't!
Nor do they realize our planet is dying and there are fewer and fewer resources for more and more people.You would think they can figure out the logical progression. Meaning, soon there may be no economies, no markets, no investments, and no...
So much more could be said. However, should we wake them up from their dreams?
Dr Peter G Kinesa
January 8, 2013