5/18/2010

Paul Kedrosky has a very optimistic view of what's going on right now in his post titled "Screw the Apocaholics"… Reality, he points out, is that things are invented, methods discovered, time wins every time and the best things happen over time.......

“Empires bought stability at the price of creating a parasitic court; monotheistic religions bought social cohesion at the expense of a parasitic priestly class; nationalism bought power at the expense of a parasitic military; socialism bought equality at the price of a parasitic bureaucracy; capitalism bought efficiency at the price of parasitic financiers.”
The parasitic bureaucracies seem to be atop all the piles right now but they ain't staying there......