Can we afford to waste time on the pure fairyland fantasy of either the Wicked Witch of the East, or the Wicked Witch of the West, or the chief Wicked Witch of all, the overall Banking System, when these are all pure fantasy, though manned by Real People, but having absolutely nothing to do with reality. The absolute reality is that a new born baby knows at birth all there is to know about REAL Economics. That all encompassing knowledge is the Reality that when one's stomach indicates less than fullness, then one must do something to alleviate that hunger. A fetish to this simple human requirment has been blown up to an 800 page atrocity, called "Economics the Science of Scarcity," of a subject that has no more elemental importance to reality than expresssing excess wind out of one's posterior. Man, having finally achieved that knowledge and how to alleviate it, can now graduate into a brand new Economic world, of immediate gratification of hunger, and then applying hiw new found time into pursuing, in concert with everyone else, new, astounding, and virtually unimaginable technical achievements.
Instead, we allow the Social Scientist, by forcing insufficient Funding, to maintain the ills of old as we are rapidly descending into the evil clearly described in <http://dieoff.org/page5.htm>.
> So Japan had 46% of the total exposure to Asia, but Europe as a whole had
> even more: 59.8% of the total! The US banks weighed in at a piddling 7.3%.
> Also interesting: the share of the German banks alone was 19.1%, bigger
> than the UK's share of 13.8%. Admittedly, the giant Brit banking firm
> HSBC, the Hong Kong and Shanghai Bank, though nominally headquartered in
> London, has its historical roots as a Hong Kong city bank: still, the
> Continental Europeans have moved into Asia bigtime, and are at least as
> important to the region as Japan. If Asia recovers, then the EU-Japan
> codominion will have passed its first major test: it will have flexed its
> muscles and shown that it can manage its neocolonies more efficiently
> than its American predescessor. Today Seoul, tomorrow Warsaw!
> -- Dennis