Comments on: On credit

By: Davey

Tue, 30 Sep 2008 19:29:54 +0000

It also relies on the assumption that those who don’t voluntarily work for everyone will be ostracized by the (hopeful) majority that do, thereby making them want to work for every else as well. (Although my understanding is the in libertarianism “working for others” means “not actively hurting others”).

By: Roo

Tue, 30 Sep 2008 13:31:52 +0000

Isn’t it funny how libertarianism and communism rely on the same underlying assumption about human nature? Neither theory holds water if you don’t assume that people are innately likely to work for the greater good of the social organism, voluntarily and at potential personal sacrifice.

By: Davey

Mon, 29 Sep 2008 09:08:51 +0000

I’m just wondering if my suddenly lowered credit limit is actually a problem or not…. I’ve been paying real money for things instead of fake money…. hmm….

By: Adam

Mon, 29 Sep 2008 07:59:48 +0000

Comrade Joseph, you are indeed correct, ‘Libertarian’.

As far as my (limited) understanding goes, this is mostly a western crunch. A little too much greed in the mortgage market. There are even a couple of eastern European countries that stand to do well from this.

I only just remember the last crisis… I had no money to worrry about back then.

I think it’s important to remember that someone, somewhere is actually making money out of this situation.

Free comics, free games… who needs food? That’s not a flippant or rhetorical question, by the way, I can’t think of anything else I need.

By: Adam

Mon, 29 Sep 2008 07:41:24 +0000

“whatever it was we were supposed to be”

I think we’ve always been consumerist… but we’ve only recently had things to buy…

By: Adam

Mon, 29 Sep 2008 07:40:36 +0000

Possibly not, but you have to hope, right?

I’m always suprised by how quickly we can adapt to new situations. I’m also usually suprised by how quickly we change from stable to rioting.

By: Joseph Hewitt

Mon, 29 Sep 2008 06:14:52 +0000

It’s the 21st century, Adam. There are no communists anymore. We’re all libertarians now.

I’m hoping that Asia is skipped by the financial crisis fairy. I was here for the last financial crisis, and it was not fun, believe you me. I should probably be concerned that Eunsuk and I have a fair chunk of money tied up in AIG. Oh well. As long as we have food to eat and a roof over our heads it won’t be too bad.

Fortunately, we can all still get our daily supply of instant gratification from free online comics and open source computer games.

By: Tia

Mon, 29 Sep 2008 05:24:29 +0000

the speed within which we’ve changed into a consumerist people from whatever it was we were supposed to be beforehand makes me think that if we can’t at first, we’ll soon learn

By: Ben

Mon, 29 Sep 2008 00:38:41 +0000

yay for a great depression!!!!

You make a good point.
I’m not sure how your theory works now tho, we are a consumerist peoples now, we need fast fixes and plenty of them. Will we be able to handle the introspective nature of your mentioned socialising?