gnrlies
Member
- Joined
- May 12, 2003
- Messages
- 781
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- Male
- HSC
- 2003
Such as china's "communist" system which is booming as a result of economic rationalism and capitalism?Generator said:Nobody is denying that it's a powerful construction, but I take it that you have missed the way in which other economic systems have also provided us with much of what we take for granted? (with some of these things being slowly eroded by the rising tide of economic rationalism, funnily enough).
I mean its fairly evident that the best performing economies (i would say most efficient, not necessarily the biggest or fastest growing as there are other factors which affect this) in the world are the ones that have adopted economically rational policy (i.e. OECD nations).
As I said:
there is still a need to adjust these policies as the free market fails. There are other objectives other than a booming economy that policy needs to achieve (such as social or environmental policies). But this is where I see the role of governments come in.Where economic rationalisation can get nasty is where people fail to accept that some government intervention is necessary. For example with that schools plan, there would still be a requirment to make it fair for all children irrespective of their background, or location (in the form of government assistance).
often any downside to an "economically rational" policy policy isn't the fact that it's rational, but rather that its just bad policy to begin with. I mean just because it's economically rational does not make it perfect. Some rational policies are going to be better than others. But I would maintain that any problem could be solved with an economically rational solution.