learning from the countries that have made the right choices

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yoshhash's picture
yoshhash
Status: Martenson Brigade Member (Offline)
Joined: Sep 20 2008
Posts: 271
learning from the countries that have made the right choices

I am fairly new to all of this, so please forgive my ignorance.  My question is more to do with attitudes towards the environment than to the economy, although they are obviously tied.

It seems we have a lot to learn from our past and current mistakes.  It also seems we could learn a few lessons from those countries that have better policies and attitudes.  Unfortunately, there is so much rhetoric going around that I have trouble disseminating the facts.

Can anyone here direct me to a source that shows graphically or explains simply a comparison of the various countries of the world and their current financial standings (debt, currency stability, etc)?  From an energy and environment standpoint, I am particularly curious about Denmark, who has been very progressive and proactive, I wonder if these attitudes are reflected in their finances.  Or Cuba, although they are not considered "rich", they were amongst the first in the world (via a crisis) to recognize the value of the "common" wealth- aka the environment.

 Both these countries, and a few others, have not fallen prey to the spend, spend, spend mantra.  I think this HAS to be a factor.  Am I right or wrong on this?

rkopf's picture
rkopf
Status: Martenson Brigade Member (Offline)
Joined: Sep 4 2008
Posts: 29
Re: learning from the countries that have made the right choices

I thought Iceland would do quite well in a post-carbon future until last week. They are, besides transportation, 95% on renewable energy. Electricity comes from hydroelectric power, and they heat by geothermal energy, which they have more than enough.

A huge hydropower station was built in the middle of nowwhere to feed an aluminium plant (which requires a LOT of electrical energy), even though, the raw material has to be transported there.

They have lots of heated greenhouses. When I was there in year 2000, it was said, they grow and export flowers, since that pays more than vegetables... I dont know, if they could produce enough food for themselves, though

Now they are the first ones that got bancrupt as a nation, and risk their souveranity :( 

 

Ray Hewitt's picture
Ray Hewitt
Status: Gold Member (Offline)
Joined: Apr 5 2008
Posts: 458
Re: learning from the countries that have made the right choices
It seems we have a lot to learn from our past and current mistakes.

History teaches that politicians don't learn from history. These so-called mistakes have been recurring since the beginning of monetary history.

Can anyone here direct me to a source that shows graphically or explains simply a comparison of the various countries of the world and their current financial standings

http://en.wikipedia.org/wiki/Hyperinflation

http://www.mises.org/Books/mysteryofbanking.pdf

http://mises.org/books/inflationinfrance.pdf

http://www.econlib.org/library/Mackay/macEx1.html#Ch.1,%20Money%20Mania--The%20Mississippi%20Scheme See Miississippi Scheme, South Sea Bubble, Tulipmania

Happy reading.

 These videos are helpful - 41 minutes each.

http://video.google.com/videoplay?docid=-9050474362583451279&hl=en

http://video.google.com/videoplay?docid=-466210540567002553&q=mises

yoshhash's picture
yoshhash
Status: Martenson Brigade Member (Offline)
Joined: Sep 20 2008
Posts: 271
Re: learning from the countries that have made the right choices

thanks hewittr,

Paul Grignon is indeed a marvelous and entertaining commentator, I recently saw another video of his...they make a great companion to Chris's crash course.

However, I was looking for economies that may be performing well, despite the grim mood of the world in general (as opposed to the ones who are doing badly and into hyperinflation- that's easy to find because they tend to be newsworthy).  My point in all of this is that after it all comes crashing down, and it is time to start rebuilding on a firmer foundation, it might be wise to look at some of the countries who had competent leadership, banking institutions who didn't enjoy the thrill of gambling so much, societies who didn't collectively all live beyond their means.

Or alternatively, I would like to know if I am oversimplifying it.  If it doesn't work that way, I want to know why not.  Or, is the whole world in dire straits, despite some societies making all the right moves, due to the blunders of a few giants?

Your wiki suggestion was helpful, it didn't take long for me to find this-

http://en.wikipedia.org/wiki/Image:World_Inflation_rate_2007.PNG

but I'm still looking for something a bit more current, more detailed, and a bit easier to understand.  Graph form would be best.

Oh, and re ----"History teaches that politicians don't learn from history. These so-called mistakes have been recurring since the beginning of monetary history. "--- I agree, but we regular people have a part to play in this as well.  Everybody who is living beyond their means, both in economic and environmental terms needs to own up to their culpability in this mess.

 

Ray Hewitt's picture
Ray Hewitt
Status: Gold Member (Offline)
Joined: Apr 5 2008
Posts: 458
Re: learning from the countries that have made the right choices

yoshhash

If I understand you, your approach is to look for countries with well functioning economies and study them. That's been done to exhaustion. If you are looking for a well run economy in the present, there are none. They studied from the same textooks. They all have central banks and fractional reserve banking, the source of this worldwide Pyramid Scheme.

From the days of Adam Smith, the economics profession split into two paths. One says government is the solution; the other says government is the problem. There is more to it than that, but that's the essence. I come from the side that says banking and commerce should be separated from government in the same way the Constitution separates church from state (known as the Austrian School of Economics, mises.org). The link to The Mystery of Banking is the best I can offer you.The author explains the theory and backs it up with history. Studying a country is going to tell you nothing unless you have a theory to guide your observations. You'll hear in the media that no one saw it coming. Hogwash! People like myself who know Austrian Theory, saw it coming decades ago.

yoshhash's picture
yoshhash
Status: Martenson Brigade Member (Offline)
Joined: Sep 20 2008
Posts: 271
Re: learning from the countries that have made the right choices

wow, how disheartening.

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