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Old 04-04-2008   #4 (permalink)
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Re: Why does economic development matter?

Quote:
Originally Posted by HydrogenBond View Post
Although economics is based on the laws of supply and demand, capitalism is dominated by the supply side...
Thank you for an educated and balanced appraisal of the reality of capitalistic economies. Neither pure capitalism, nor pure socialism, is desirable. Expressing it in terms of positive and negative feedback misses the essence of the balance that is required.
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