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- The Case of Murawiec and Marc Rich -
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So, you have to define an economy, as I do, you go to the {physical} considerations. Now, an economy, a modern economy, has two basic elements. One, is basic economic infrastructure, such as transportation, water development and management, power generation and distribution, health care, education, so forth; urban development; these conditions are the conditions which are necessary to maintain what is approximately the other half of the economy, what we call the "private sector."
Now, we have an overlap between the private sector and the public sector, under our system. We create, at the national level and the state level, we create public utilities, chiefly at the state level. These public utilities are {regulated}, and we allow people to invest in these public utilities, as a way of having {secured, saving income}, for pensions and so forth. In other words, the basis of a pension system, the basis of a private system, is to have a {savings} system, which is so regulated, that the "average Joe," so to speak, can count {that the money deposited in that system, is going to be relatively safe.} He's not going to lose too much, and he probably will gain something. This is the kind of thing you tell people, who have relatively lower incomes, to save in: put their money prudently in things that are more stable. Don't look for the big buck. Don't try to get rich quick.
What we create, as part of the recycling of the accumulation of wealth in the society--a good society provides {safe areas of saving}, and will generally concentrate saving on things like public utilities, power systems, mass-transportation systems, large-scale water systems, educational systems and so forth. So, put your savings there, where they're protected. The government will protect them. Not by subsidizing them, but by protecting them. Also, again, the same thing is true, in terms of private investment. Government should try to encourage, with its tax policy and lending policies, and credit policies--should encourage things in private investment, which are useful to the society as a whole; and make it more profitable to invest in those things. And that's what we've gone away from.
But now, let's go to another aspect of this thing: Let's give the Earth a chance. Now, what you're looking at, is a mathematically accurate, but clever, shall we say, depiction of the relationship of the Earth to the Sun. And what I'm referring to here, is what one of the greatest mathematicians and physicists of modern time--Johannes Kepler--discovered, about the beginning of the 17th Century. Before that time, in ancient times, it was understood by the ancient Greeks, that the Solar System was organized such that the Sun was orbited by the planets. Now, in this period of ancient Greece, we're talking about the period from Thales and his student Pythagoras, through Archytas, a student of Pythagoras, Plato, all the way to the time of Eratosthenes and Archimedes; a period, in which the method of constructive geometry, was the method of scientific and mathematical thinking in that period, not algebraic thinking. And, in that period, this was understood--not how it worked, but it was understood, that the Earth orbited the Sun.
In come the Romans, who begin to take over, about the time of the death of Eratosthenes, and the time the Romans murdered Archimedes. At that point, there was a change in thinking to Roman thinking, from Classical Greek thinking. And, we entered into a new phase, typified by a great fraud, which was done under the Romans in the Third Century A.D., by a fellow called Claudius Ptolemy, who created a fraudulent rescheduling of the work done of Aristarchus, and created the so-called "Aristotelian" or "Ptolemaic" system.
Then, you had later, in the 16th Century, in Europe, you had the emergence around Copernicus, who copied, in a sense, the image of Aristarchus, but he didn't know what he was talking about, because, the thing was, again, based on the same Aristotelian/Euclidean methods, which were used by Ptolemy.
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