Sunday, June 17, 2007

Apology for Economics

I feel apologetic about posting about economics, a topic which bores most people. But it does matter. I wonder if the dismalness of this famous dismal science is a way to repel ordinary people.

We really should know how the wealth of nations is created and distributed.

After I wrote the above, I remembered Bolivia, where important economic issues can bring people into the streets. The new president had to reassert Bolivian national control over the oil and gas industries, because that’s what the masses of indigenous poor people wanted.

My favorite story about the last Bolivian presidential election was the tin miners who had sticks of dynamite taped to their hard hats. They said, “If Evo Morales (the new president) doesn’t do what we want, we’ll throw him out and get someone new.”

What’s important about this remark is – the miners are not looking for a savior. They are looking for an employee.

And when guys with dynamite taped to their hats say this, it sounds truly serious.

I don’t know if Americans can ever emulate the Bolivians. We seem to live in a dream world of video games, TV, radio talk shows, mall shopping, gangsta rap…


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