awesome!
simple clean and the commicrats will hate it
thanks for posting
The modern multi-national corporation is a form of collectivism. My personal belief is that this form of collectivism has removed the philanthropic nature of pure capitalism. Adam Smith's 'invisible hand' no longer applies as CEO's of multi-nationals seek to build no long-term value in the company, its' employees, communities, or nations. These corporations are now run for the sole benefit of market speculators (as opposed to those seeking long-term investment). They have taken on a destructive force in society, and present an obstacle, rather than an aid to the entrepreneurial spirit that built this country.
Our country's markets experienced a similar degradation in ethics prior to the 1929 market crash, and subsequent Great Depression.
good post
bttt
I voted for the man. He would have made a fine President.
Bump for a good read.
Wow! Steve Forbes proves himself to be a great writer as well as a great economist. I knew he was smart, just never knew how smart.
We are losing our property rights via unelected tyrants - judges and bureaucrats illegally writing law.
Kelo, the endangered species act, and the fascist Environmental Protection Agency all work to dispossess us of birthright to lawfully use our property as we wish. And the gutless congress sits back and does nothing.
On the state level, land planning commissions, infested with UN NGO Marxists and insane utopians, work to destroy property at the local level.
bump for later
The author makes many of the same points as made by the PBS series "Commanding Heights" including the focus on Henando DeSota's work as the distiction beyond free markets alone providing the rising tide that floats all boats. I don't see the tremendous focus on Hayek that the series had, and perhaps his research is parallel, but if he saw that series, he should credit what he drew from it.
I heard Forbes deliver this at the CCA program at Hillsdale College. It was a good CCA seminar about the Great Economists of the 20th Century.
ping.....
Brilliant article by an arch fiend attempting to sugar coat the Eeevil capitalists as the loot and plunder their way across the Universe.
Imagine implying ayrabs should have property rights like the English.
Imagine not trumpeting like a bull elephant about how we have a "trade deficit" which will destroy us.
Imagine not running frightened into the night crying about "globalisation" and "outsourcing" and worrying that we will have no more jobs in ten years.
Who does he think he is.
*Bump*
An excellent read by Steve Forbes.
I finally got around to reading this. This is an excellent article, well worth archiving for repeated reading. This guy's good. Ought to run for President or something. :)