tag:blogger.com,1999:blog-15405788.post4377339857240489296..comments2024-01-04T07:33:10.137-05:00Comments on Seldom Wrong, Never in Doubt: Quote of the WeekJon A. Alfred E. Michael J. Wile E. SWNIDhttp://www.blogger.com/profile/04595651777890086293noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-15405788.post-29327300802090830172009-08-23T00:05:39.619-04:002009-08-23T00:05:39.619-04:00The poorer countries believe that if the developed...The poorer countries believe that if the developed economies suffer, their own economies will improve relatively (or absolutely) speaking. At one level this is true: I can make my country more competitive by hamstringing my competition. <br /><br />At a bigger level, it is patently false: hamstringing the economy of the large consumer economies eliminates my customers, therefore hurting my country's economy.<br /><br />Further different economies have different core competencies, and overlaying that reality with an excessive regulatory / tax burden will not change that underlying reality, only distort the financial incentives in all of the complex economic relationships between all countries.Mr. Waldorfnoreply@blogger.com