Monday, February 9, 2009

The Savior Based Economy

Mark Sanford had some excellent points on "The Savior Based Economy" today.

“We’re moving precipitously close to what I would call a savior-based economy,” Sanford also said Sunday on CNN’s State of the Union.

The South Carolina Republican said such an economy is “what you see in Russia or Venezuela or Zimbabwe or places like that where it matters not how good your product is to the consumer but what your political connection is to those in power.”

This rings very very true to me. Between Carbon Offsets, mandated "green technologies", some of which this so-called bailout throws money at, even non-profits for whom $3bil is allocated - you have to have a political "in". Look at the bank bailouts - why is it ok to prop up one bank and not others? Is it about who's phone number you have? When the money comes free though, how much effort do you really make to ensure you're giving government maximum bang for their buck?

Ultimately, attempting to manipulate the market always fails. Sooner or later.

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