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To: Sherman Logan
What keeps corporate greed under control is the competitive greed of other corporations. This is much more dependable than “ethics.”

Utter nonsense. Greed begets greed. Do what is right.

11 posted on 06/14/2008 7:30:19 PM PDT by roamer_1 (Globalism is just Socialism in a business suit.)
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To: roamer_1

Nonsense. When company A becomes too greedy and abusive of customers, it creates an opening for company B, which gives company A a major incentive to not get too greedy.

I might suggest you check out the “invisible hand” as described so well by Adam Smith in 1776. We don’t depend on the benevolence or ethics of businessmen to protect customers, we depend on their greed. Or enlightened self-interest, if you prefer that term. Either way, it means the same thing.


12 posted on 06/14/2008 7:39:25 PM PDT by Sherman Logan (Those who deny freedom to others deserve it not for themselves. - A. Lincoln)
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