[Sunnyflorida]

""Fairness" in a capitalist system is more or less what you can get while following the laws".

Not really. There is nothing unconstitutional about marxism. It is not a body of law but an economic theory. In the United States we could implement, through legislation, a completely marxist economic system. Some would say we are pretty close now. OMG.

The problem is marxism is bad economics.

"The guy running the injection molding machine wasn't overpaid. The market had simply set a new price on his expertise" You have a point unless it was a collective bargaining agreement which is an extra-market activity.

Have you read Thomas Sowell? The guy is great. Kind of like Walter Williams without the affectations (real or faint). I'm working through his review of classical economics right now. A bit more challenging.

I trade against the hedge fund guys all day long. We have different missions and as long as I stay small and don't get greedy or lazy or diverted by Freeper I do pretty well.

You know the really odd thing are those folks on redstate.org. When the Katrina oil shock hit the price control-freaks came out of the woodwork. The mission statement is good but it is too much like FNC for my taste.

[durasell]

It's reputed that Karl Marx himself said, "I am not a Marxist." By that he meant that his theories were misunderstood by those calling themselves Marxists. But who could blame them? Five thousand pages of German economics? I'd rather shave my genitals with a cheese grater while chewing on tin foil.


I haven't read Sowell. I stick to the classics, left and right.

My fear at this point, and I don't think it's unfounded, is that we're getting close to the point where a populist demagogue makes an entrance. There's plenty of fuel and fear for the fire.