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Can science reinvent the economy 7: Will it be enough?
jorgebarba
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6-8-2009 1:26 AM
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economics
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economy
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/102a8c49-f825-4c92-b319-cd1605beea31/1D00A05C-A21D-4B10-89F6-DC3897954E53/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.newscientist.com/article/mg20227112.300-can-science-reinvent-the-economy-7-will-it-be-enough.html" href="http://www.newscientist.com/article/mg20227112.300-can-science-reinvent-the-economy-7-will-it-be-enough.html" style="font-size: 11px;">www.newscientist.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newscientist.com/article/mg20227112.300-can-science-reinvent-the-economy-7-will-it-be-enough.html"><P class="infuse">Poor accountability and lax regulation allow firms to go all out for profit at society's expense, and the nexus of lobbyists, regulators and party donors hinders rational policy-making.</p> <P class="infuse">The irony is that the most vociferous lobby - the one with the most damaging long-term effects on ordinary people - might be ordinary people themselves. It would have taken a brave politician in the US or UK, for example, to put the brakes on a housing market that for many people was fuelling a prolonged period of growing prosperity. In such circumstances we might have to accept that for all science can tell us, we are at the mercy of the markets - and that means ourselves.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newscientist.com/article/mg20227112.300-can-science-reinvent-the-economy-7-will-it-be-enough.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.newscientist.com/img/F5BD5FF1-9349-4F61-AADF-1135E1DF03B8" alt="Even if science could provide better predictions of the financial system, change can only be implemented through well-run policies (Image: CNP / Rex Features)" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newscientist.com/article/mg20227112.300-can-science-reinvent-the-economy-7-will-it-be-enough.html"><P class="lowlight">Even if science could provide better predictions of the financial system, change can only be implemented through well-run policies (Image: CNP / Rex Features)</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1D00A05C-A21D-4B10-89F6-DC3897954E53/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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