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Wednesday Octobers the HERALD Arts ideas We must search to find the best form of capitalism Ideas and The Arts by John Sommer It seems that not only torn mumsm has come to a richly deserved end Closer to home deregulated capitalism or social Darwinism or in short the economics link ed to the Region and responsible for the present retes might be on the out too The wild will enter histor as a time of unprecedented economic and the question is now how will we manage in putting our world together again Which is one more thing that unites us with our brothers and sisters on the other side of what was only a few years ago the iron curtain According to the Austrian economist Nowottny neither outright communism nor outright capitalism has won but rather the controlled market economies practised in many West European countries as well as in Asian countries such as Japan South Korea and Taiwan And the American economist Robert Kuttner in his recently published book The End of lire puts forwird the thesis that the Utopia of i self regulating market was the ideology of the Cold War and reall nothing more than the foundation for the American domination of the West during that period in recent history None other than the German magizine Capitil declares Artistic delight Agnus Olive from the Forge Gallery in Terra Cotta displays some of her work on Raku Fired Masks during the Autumn Celebration Other displays Include work from Stephan Tracey Bowen and Frances until Oct 10 Herald Photo Hows your financial future looking Tony Schtegel 55 Pennington Cr Georgetown L7G or 451 Its probably better than you think But do you know better Thanks to a sophisticated computer program we can analyse your financial situation You II receive a printed report with advice on how to save money on taxes suggestions on the kind of investments you be comfortable with and how to protect your savings Best of all it costs you nothing Call me for a persona financial plan The Mutual Group that the ideas of the ruling economic class in this case the conservative and liberal coalition parties in Bonn met their Waterloo during the last year the former German Democratic Republic The introduction of a hard cur rency did not automatically revive the moribund economy in that unfortunate communist part of Germany as it was forecast but on the contrary destroyed rather ruthlessly the exisUng however bloated leaving behind a short of scorched earth economy and staggering unemployment figures A more gentle approach with temporary assistance for the state enterprises helping them to transform themselves into viable free market companies might have been a better alternative to the present chaos In particular since huge masses of unemployed people tend to drift toward radical parties In America deregulation has destroyed many illusions American business has tionally blamed governments as the enemies of free enterprise Now the reilizalion dawns on nun in responsible posi of power that deregulation has not been able to solve the pro blem of global competition I wages low taxes and low in rates will not automatical make an economy more com petitive What creates a strong com economy is the whole complex framework provided by the state by society and by culture This framework consists of educational institutions a great network of training facilities scientific research laboratories liveable towns and cities roads and transportation a sensible agricultural policy a regard for the environment and for one fellow citizens a social system of help for the weak In the early 80 s the manage ment of Chrysler was in such big trouble the members of the United Auto Workers Union fear for their jobs agreed to take lower wages in order to make Chrysler more competitive In the long run neither Chrysler nor the union have benefitted from this at all The American car industry is not one iota better off today than it was 10 years ago Lower wages don make workers more pro Chrysler should have given the workers better train instead of making them poorer Every government that wants to overcome a recession and become a force on the world market again must enable it citizens create wealth by pro them with the kind of m frastructure that w ill make it possible for the individual to ad just to sudden changes and shifts in the market If a go ernment shirks from this responsibility the country and it societ will deteriorate because of loss of coherence At the top will be a very wealthy class of experts adept in handling an independent global economy for their own personal benefit Below that will be an in creasingly restless service sector class in permanent revolt because of an obsession with its own security At the bottom will be a massive population of in workers with a constant diminishing income and a growing hatred against everything and all Because we have witnessed the selfdestruction of the communist planned economies no economist would argue in their favor anymore today Fortunate ly for us the debate is now finally at a point where it should have been all along We have to debate and find the best form of capitalism NISSAN SALES SERVICE LEASING 610 MARTIN ST MILTON ONT 8784137 I CARTEL Whats Cooking at STEAK EXPRESS Saturday is Sample Day Be a part of The Heralds 125th Anniversary Edition Cookbook Submit your favourite- recipes today you could win part of in cash Remember plainly print or type doublespaced on one side of the paper include your name address phone no on each recipe Give complete in including oven temperatures Use Imperial or Metric measures Submit as many recipes as you like and good luck You can win Send your entries to THE COOKBOOK EDITOR Co The Herald Street Georgetown Ontario 326 DEADLINE FOR ENTRIES OCTOBER