Conservative economics based upon magic, cruelty, fatalism and greed

From Pravda at http://english.pravda.ru/business/finance/09-06-2009/107745-Conservative_economics-0

In life we have the problem of self management. If we don’t manage ourselves, then disaster occurs. Self control is a key trait of this behavior, taking calculated risks is another, a strategy of balance is another. Most people accept this.

We know things shouldn’t simply go out to extremes because disaster will occur, thus, we manage ourselves. We know that we cannot simply do one thing over and over, that we must do many things for a successful project. We know that we should not take big, foolish risks in our personal lives. Should economics be any different? But in conservative economic theory, economics is very different! A big exception is made, suddenly in the sphere of business and finance we have “magic”. While in life we have self control, in economics we have the mysticism of automatic processes. Thus, life is so much easier in the economic sphere; it’s like a big vacation from reality.

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So let’s sum up the key points of this article: The conservative thesis is based on four things -- Magic, cruelty, fatalism, greed. What we need is a new economic view for a new economic system that opposes these behaviors. In the article, “Diverse Economy is next after Capitalism and Communism” by this author in Pravda, a thesis was put forward on a new system of business and finance. A Diverse Economy would oppose the behaviors of magic, cruelty, fatalism and greed.

Russia may be coming at last into reality, just as the US abandons it forever.