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To: cinives

Read my comments again. Maybe you read too quickly. I didn't say or imply living in a capitalist system is bad. I'm very much a contributing part of the system, as has my family for the past 150 years in the United States.However it needs to be monitored and tweaked in it's overall context. I'm more concerned about strategic and defense related matters affected by "free trade". By the way, your sense of humor is lame...and your comment on insight, well, show me some of yours and maybe I'll be impressed.


44 posted on 03/20/2005 9:03:49 AM PST by john drake (roman military maxim: "oderint dum metuant, i.e., let them hate, as long as they fear")
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To: john drake
I'm not trying to impress you, I responded out of frustration to the sheer misguidedness of your comments. I didn't misread them, either, particularly this one - Common sense with a touch of what is best for the common good needs to be also understood by our corporate titans.

Our economy, initially more capitalist than not, has been tweaked and re-tweaked and meddled-in again and again over 200 + years, all in the name of the common good. We are living in a more socialistic than capitalistic economy. You think we need more "monitoring and tweaking" ? More government worker bees = less private business. In the case of corporate ceos, did you know more than a few of them vote democrat and give money to socialist causes ? That's what they see as good for their corporations. Do you know why ? Because we have placed so many restrictions on business that the easiest way to get anything done is to legislate it in Washington. Yep, let's monitor and tweak some more, seems to be working so well.

What is the common good ? It's something that cannot be defined, because what is good for you might not be so good for me. Adam Smith said it best - ...every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.

I have a project for you. Go try to start a business - say, a steel plant. Then report back here with your insight into how much the monitoring by the EPA, OSHA, the US Dept of Labor, the IRS, the state and local governments etc etc ad nauseum are telling you how to run your business and affecting your ability to stay in business. That's why we are outsourcing manufacturing. Only large companies can afford to hire full-time workers to comply with all the regulations we have placed on businesses. Have you ever tried to win a contract from DOD ? I have. You need full-time compliance personnel to handle all the paperwork, not to mention all the thousands of work rules and tax issues.

To heck with strategic and defense-related matters - we have enough material stockpiled to defend our own country, and enough capacity to manufacture more when necessary. In WW II we started plenty of businesses to create war material. Maybe we don't have enough to police the world, but I'm getting tired of my taxes going to "make the world a better place".

Go read "Atlas Shrugged" and you'll understand more about the mindset of those who cannot produce but who feel they should regulate those who can.

70 posted on 03/20/2005 9:44:33 AM PST by cinives (On some planets what I do is considered normal.)
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