Archives for the month of: July, 2013

(REDS.VN)

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Just like the Roman gazing at the wonder of the Colosseum during the times of Emperor Vespasian, citizens in countries around the world stare in awe at government buildings, the residences of presidents and monarchs, and monuments commemorating some national event or paying homage to a political figure. The building material, wiring, flooring, and equipment used for construction could have been used to make a good to satisfy the wants of the average person. We post pictures to Facebook pages showing us standing before grandiose government buildings, but we never see the other side of the coin: someone doing without, because the resources that could have served his needs were embedded in a tribute to state arrogance.

(Mark A. Pribonic)

Haven’t those buildings already served some human needs — our sense of national pride, heroic fantasies, or egotistic yearning for glory? 

From an economic point, they can serve as tourist attractions and thus sources of national income? Hmmm, so they aren’t that completely useless huh.

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Crony Capitalism, By-Product of Big Government – Publication by Randall Holcombe

Excerpt:

“When political interests are weak, entrepreneurs have an incentive to engage in economically productive activity, which results in economic growth. The economic growth that results from this productive activity is the rise of nations.

Over time, political interest groups grow and solidify, and establish relationships with those who have governmental power. As they do, success increasingly comes from the ability to use political connections rather than from engaging in economically productive activities, and when the power of political connections overwhelms the power of economic productivity, nations begin to decline.”

My wordpress is becoming tumblr-ish.

– John Locke

Những trang sách suốt đời đi vẫn nhớ

Như áng mây ngũ sắc ngủ trong đầu

(Bằng Việt)

 

– Charlie Chaplin, from one of his letters to his daughter