tag:blogger.com,1999:blog-35777384.post9110997900860075695..comments2024-03-26T13:58:01.822-07:00Comments on The Dangerous Economist: The Free Market: Friend to Third World, Less Developed CountriesCyril Moronghttp://www.blogger.com/profile/07148864847009186694noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-35777384.post-84344793037349553732020-06-02T06:46:33.780-07:002020-06-02T06:46:33.780-07:00Thanks for reading and commenting on a post I wrot...Thanks for reading and commenting on a post I wrote so long ago. Not sure if I will have time to do a follow up post.Cyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-51092216936719894372020-06-02T06:33:31.743-07:002020-06-02T06:33:31.743-07:00This was interesting reading for me, now in 2020 w...This was interesting reading for me, now in 2020 with the world and Africa in socio-economic upheaval. As mentioned in the article, supporting entrepreneurship remains the way to go. Our company <a href="umsizi.co.za" rel="nofollow">Umsizi Sustainable Social Solutions</a> helps clients with compliance to government affirmative action and fair trade policies, and at the same time, fosters true entreprenuerial-centric economic empowerment on a broad-based scale. This is an answer for providing those at the bottom of the economic pyramid with access to the economy.<br /><br />How about a follow-up post?Gus Doylehttp://www.umsizi.co.zanoreply@blogger.comtag:blogger.com,1999:blog-35777384.post-41807854363110084532007-04-09T08:55:00.000-07:002007-04-09T08:55:00.000-07:00The entitlements you mention will certainly be a f...The entitlements you mention will certainly be a factor and by themselves have a negative effect on growth. I think the high taxes that may be necessary to pay the entitlements can be a disincentive to work and invest. If that happens it will lower growth rates if not cause an actual decline in per capital GDP. How rapid this will be I don't know. In the long run, devoting resources to military spending is not an investment in your economy. They don't raise your productivity. If we spend too much on that, it can hurt. The big question is is it too much. If we spent nothing on defense, our long term prospects would not look good. We need to spend just enough (like finding the optimal Q for maximizing profits). How much that should be, I have no idea.<BR/><BR/>Getting back to entitlements, it would be better to have a slight tax increase now than hit the economy with a big increase later. I think people can adjust to small changes over a long period of time. But if all of the sudden taxes jump alot, that can disrupt people's decision making process and resource allocation decisions. With a big tax increase all at once, businesses might start shutting down and cutting back dramatically on investment.Cyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-27450280936088188362007-04-08T22:12:00.000-07:002007-04-08T22:12:00.000-07:00Does this mean that the USA and most of Europe wil...Does this mean that the USA and most of Europe will go into rapid decline because of deficit spending and rapidly growing entitlements that will require higher and higher taxes? Does being the world’s only Superpower and at time the world’s policemen also doom use? Are we to go the way of the Roman Empire? If the answer is YES, what do we do to either stop or slow the upcoming decline?Anonymousnoreply@blogger.com