Harsh Realities

The process of disappearing before you are even dead amazes, even when you witness it. Nikolai Baibakov rose to power in Stalin’s Politburo, was the major economic opponent of the Germans in WWII (don’t believe his story about Stalin, he was powerful enough to tell Stalin what Oil he would get), and ruled GOSPLAN as a tyrant through every shift of later-day Politburo politics for the last 40 years of Politburo power. This Guy became Stalin’s replacement on the Politburo in political terms, though he never presented the real police threat of Stalin. It was his intransigence which practically codified the Straight Jacket the economists of the Soviet Union lived within for 30 years. Baibakov lacked for original ideas, even from aides, and ran out of them by the end of the 1950s. The article does not mention that Baibakov not only listened to Khrushchev’s Secret Speech, but wrote a great share of it. Anyone who studies the Soviet Union should know him as the face of the Enemy.

I would first like to state I do not appreciate Commentary that I, like the Candidates, should learn how to listen to People. If I wanted to listen to Anyone, I would be running for some office. The second idea to be expressed states that less than 2% of the old Jobs will be returning to the Rust Belt under any or every condition, simply due to the change in Market strata. What the Rust Belt can do is analyze the qualities which can bring back identical forms of labor, and lure new industries into the area; recognizing that the old Payscales will never likely return. Current educational failures throughout these areas indicate that low-Pay Assembly skills will find the greatest Employment, and Economists should target for the projected Labor market; remember that current statistics only about 24% of High School dropouts will complete GED qualifications later in life.

This will tell the Reader everything they wanted to know about a Just Price from the Austrian point of view. My own definition of a Just Price is One where I am making a good Profit; a Usurious Price being One where I am enduring a Loss. All Definitions of either should be understood for the underlying component, a Suggestive desire to prevent free market flow for the benefit of some Individual or Group. What no one mentions is the reality that market conditions, no matter how they are organized, will eventually set up some degree of discrimination for Participants, and a truly free market is the unlikely condition; the real potential for such maybe One For to 35 Against free market formation. As example, Wall St. can be in Boom or Recession, but Trade does not come, unless the brokerage houses make Money. The relates to the previous discussion on the Rust Belt, whose greatest failure was in not maintaining a restriction banning outside participation in the industries they lost (think that Free Trade is their Enemy, though their real Enemy was lack of Innovation). The Concept I wish to convey to the Reader states that Market leaders must stay at the top of their Game in order to maintain the exclusivity of their Market, the relative only element which will maintain their Profitability. lgl