[DEBATE] : Cost of steroids: $2,800,000,000,000 (yes 11 0's)
dhenwood at panix.com
Tue Oct 28 15:11:06 GMT 2008
On Oct 28, 2008, at 10:46 AM, Patrick Bond wrote:
> Doug Henwood wrote:
>> I don't recall any postings to this list that totaled up the
>> "benefits" of steroids. If those benefits weren't really real, then
>> how exactly are the costs really real? Could someone explain this
>> asymmetry to me?
> Ok, let's get this straight, Doug, because I know you've always been
> an apologist for New York steroids.
Uh, no, Patrick. My point is that people on the left are much quicker
to broadcast the total of financial losses than they are to broadcast
the total of financial gains - the exact opposite of bourgeois
pundits. Neither approach really sorts out what these big numbers
really mean, whether they've got plus signs or minus signs before
them. In either case, it's empty sensationalism. Yes, recession is
likely, in fact the U.S. is almost certainly already in one and other
countries are close behind. But how bad, how long? How exactly does
the credit crisis contribute to the problem? What can be done about
it? These are much harder questions, and throwing around big numbers
doesn't clarify anything.
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