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Critique of Impure Politics With Apologies to Immanuel Kant
The Japanese Nikkei 225 peaked at 18,300.39 in February 2007. That was eight months before the American Dow 30 Industrials peaked at 14,279.46 in October. http://stockcharts.com/charts/gallery.html?s=%24indu
The NIKK fell some -12% since August 2009, perhaps ahead of the Dow 30 again. http://stockcharts.com/charts/gallery.html?$NIKK
The Shanghai Composite topped at 6124.04 in October 2007. The SSE now leads the USA Dow down -24% so far from 3478.01 on August 2009 to 2,834.62 in October.
The Shanghai exchange was once worth $4 Trillion, second only to US stocks, so we pay attention even though mass media do not.
Meanwhile, American Headlines and Politicians appear full of hope and hype about The Recovery.
Prussian Philosopher Immanuel Kant built on the work of John Locke, George Berkeley and David Hume. He used pure reason to define the limits of our knowledge of truth.
We can do similar today to define the limits of political economic discourse.
In 1968 President Richard Nixon won on a campaign promising to get US out of Vietnam and fix the stagflation economy.
Instead, the Nixon Administration escalated carpet bombing in Vietnam, Cambodia and Laos with US Military incursions into those countries. It seems the Military Industrial complex was enjoying war profiteering too much. Similarly, President Obama promised in 2008 to get US out of Iraq and Afghanistan and fix the economy.
http://en.wikipedia.org/wiki/Richard_Nixon
They fixed the economy alright. Some might say they castrated or cooked it. Like Nixon, they increased government borrow, regulate and spend programs, troops and bombing incursions into Pakistan.
May 24th, 2010 at 2:12 am
i have never been a fan of Bad Politics and bad policies in the government. they always present bad news.~-”