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Governments do not create wealth, individual people investing in their own futures do.
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so let me get this straight: the assumption in this thread is that all of us operate within the limbaugh school of ecnomic pseudo-analysis?
think about it: the notion of the atomized individual heroically undertaking the only real form of economic activity recogized by this "school"--wealth generation---operates in a context-free situation, dependant only upon inward features (spunk, grit, determination--pick your cliche)---factors like socail stratification, unequal distribution of economic (social, cultural) opportunities--not relevant---infrastructure--not relevant.
only the isolated Heroic Entrepreneur...
how on earth is this even remotely like a descriptive base for thinking about economic activity in 2006?
this apart from the false opposition at the heart of the statement (the total seperation state/economy--which is also empirically false).....for example, if the stock market falls more than 500 points in a day, trading gets shut down. what shuts it down? if there is a regulative function carried out by the state that shapes the framework within which stock trading happens (this to take only one example), how can you then argue that there is a total separation of state and "private" economic activity? thing is that this kind of intertwining is a major feature of the development of actually existing states since world war 2. there are tons of histories of the state that you could look at--and it seems to me that the actual history of the state should be a factor in thinking about its actions. this does not seem unreasonable, does it?
how do you manage to bracket the dominant feature of the organization of the actually existing economy--corporate domination tending toward concentration--and still maintain that there is a descriptive aspect to the economic theory?
doesnt an economic theory require something approaching a descriptive basis for the theory to function?
if there is no such requirement, what seperates this economic theory from any other form of metaphysics?
i really dont understand, folks....