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<[email hidden]>,
Robert Chung said:Ryan Cousineau said:Quoted message said:Ugh. You sat on this for a few days and this is the best you could do?
I'm afraid that you need some help in getting your brains in order and
since this is rbr I ain't going to help you. Instead, I'll point out
that my question to you is quite relevant to the argument you're
trying to make but have been screwing up so I'll take this opportunity
to ask a new but related question: how does the market decide between
Pareto optimal alternatives? Please phrase your answer in the form of
a question.
What makes you believe Bangladesh's economy is Pareto optimal?
NotRyan already gave the answer, though not in the form of a question.
Why does it apply to the argument you've been trying to make but
screwing up?
Well, I'm humble enough to admit to befuddlement and, frankly, finding
the prospect of overcoming my own ignorance less attractive than going
out and seeing if the current project bike's stem is unstuck today.
But I think, given the time allotted, that you're asserting that the
Bangladeshi Pareto equilibrium is just one with a tremendously disparate
distribution of available resources.
My gut (perhaps misleading me as badly as when it clamors for peanut
butter and chocolate chip microwaved sandwiches) says that the too much
being assumed is that Bangladesh didn't have a choice. My gut (which
thinks I should drink more beer and not worry so much about training or
fitting my clothes) says that Bangladesh's economic growth was
historically impeded by some astoundingly bad choices which, in essence,
spent what little free capital they had in concentrating the maximum
amount of resources on a shrinking industry in a predictably inefficient
fashion.
That can work if you're Canada propping up Bombardier, if only in the
sense that the country doesn't go into the crapper (though it re-raises
the question: what if we didn't have a semi-competitive Bombardier
sucking up a large amount of cash, and instead spent that cash on
something useful, like more beer?).
I'm probably still failing to understand the question, but I stubbornly
continue to believe that a hundred years is a long time, long enough for
Bangladesh to end up with a much better standard of living, barring any
but the least screwed-up fiscal and political (ie, don't declare war on
India) policies.
At which point, they'll be able to afford Executive-Style luxury stilts
for their waterfront homes, and Gregg Easterbrook III and John Stossel
ver 4.2b will be able to write grumpy (and correct) screeds about the
massive subsidy that Bangladeshi's federal flood insurance provides to
Bangladesh's prosperous waterfront homeowners, and the Dutch consultants
will be hanging around Bangladesh showing them how to build dikes. Well,
hopefully it's Dutch consultants, and not Gulf Coast consultants.
* * *
I like changing the subject! I think even the basic Global Warming issue
is going to end up being moot, because I suspect its primary effect will
be to encourage people to either drive less or to drive cleaner.
If I were to list one incomprehensible behavior in modern society, it
would be commuting by car in an urban rush hour. Maybe I value my time
too highly.
--
Ryan Cousineau [email hidden] http://www.wiredcola.com/
"In other newsgroups, they killfile trolls."
"In rec.bicycles.racing, we coach them."