Ryze - Business Networking Get a Coderbuddy developer now

"I Highly Recommend Them" - Magnitude.io CEO; US timezone; affordable rates; Silicon Valley leadership
Get your software built!
Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds

Apply for Membership

About Ryze

Building an Open Future [This Network is not currently active and cannot accept new posts] | | Topics
Economic Depression 2009?Views: 174
Mar 15, 2009 4:39 am re: re: re: re: re: re: Economic Depression 2009?

Lamar Morgan 954-603-7901


This may shock you, but I think we both think alike for the most part and are in agreement. While you may not subscribe to a Biblical world view as I do, I do believe you hold fast to a "responsible" as opposed to an "entitlement" worldview.

Now, with regard to capitalism and free markets, that is simply how a successful economic system works. Russia went bankrupt because the Communistic economic system could not sustain itself. You simply cannot predict in advance how much in the way of goods and services will be needed by a population. A government, for example, cannot predict in advance how many potatoes a population will need to eat. Russia actually tried to do that - not just with potatoes, but with almost everything. What happened? The economy collapsed on itself. But, you know what? Although Russia had the wrong economic model, they did not cheat. They simply learned the hard way that the design was faulty.

The USA, on the other hand, had some cheaters who exploited an economic model that did work and made it unworkable. Right now, it does not look like anyone is going to jail. Amazingly, the lives of future generations are being mortgaged so that some of the folks who helped cause the mortgage crisis can stay in business.

According to my records, California is the fifth largest economy in the world. I understand Gov. Schwarzenegger has requested a bailout from the federal government. With a $42 billion deficit, California will likely be living on credit for the balance of my lifetime.

When I say we need help from foreign governments, I am not referring to the governments themselves. I am not requesting "bailout money" from New Zealand. I am thinking about private enterprise relationships - partnerships involving innovation that provides goods and services that solve problems. I am seeking to foster win/win relationships between innovative folks the world over. And yes, I believe that will do a lot more to help solve California's financial problems than bailout money...which will likely have to be paid back with considerable interest.

Lamar Morgan
CDMM - Synergistic Business Marketing
Attract more customers!

Private Reply to Lamar Morgan 954-603-7901 (new win)

Ryze Admin - Support   |   About Ryze

Ryze Android preview app

Testing Gets Real: blog on A/B testing, building businesses with feedback loops, by Adrian Scott

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy