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To: garbanzo
I am sorry. I don't mean to insult you, but it is Marxist to use the gambling analogy in a market sense.

Marxism views the free market, which goes beyond the investment world or the stock market and includes our daily lives, as a gamble in which the worker is disadvantaged by the capitalists (or the house who has gamed the system (meaning the free market) against the worker).

That is their analogy. The market is self-correcting. The current crisis and all our crises from the Great Depression onward have a common element - government political meddling.

Hoover and then Roosevelt made things worse in their interventions. Note that the Democrats response to their meddling which precipitated this latest crisis is more regulation, more intervention and more meddling. No admittance that it was the cause of the crisis. They've also attacked Social Security privatization as a gamble they stopped the Republicans from implementing.

The free market is the most incredible wealth generating machine the world has ever known. Wherever there is intransigent poverty you'll find the absence of free markets and the principles behind them.

As conservatives we should know this and support it. The only reason I responded to your comments was that two other FReepers fell for the analogy. The truth is the free market is the only sure thing if you care about human welfare. Every other attempt to manage human affairs is the gamble and worldwide it is a losers game.

40 posted on 04/03/2009 2:16:14 AM PDT by 1010RD (First Do No Harm)
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To: 1010RD

Historically, Marxism has been defined as “From each according to his means, to each according to his needs.”

I suggest a modern-day definition as: “Something for nothing.”

It is the oldest scam since the beginning of mankind.


41 posted on 04/03/2009 2:22:31 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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