To: NewLand
They know capitalism will produce losers as well as winners
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Losers and winners is a political value judgment, not a description of how capitalism functions. Losers in the capitalist system are inefficient producers as defined by the free market system. As such, they are free to become more productive or move to a different market as their capital allows. Capitalism does not produce losers as well as winners. It is possible for all producers within a given industry to be profitable if they are all productive, as occurs in the Distilling business (smile).
To: photodawg
They know capitalism will produce losers as well as winners That was a quote from the article, that is not my statement or belief.
I agree with your comments...FYI.
103 posted on
02/03/2007 6:03:10 PM PST by
NewLand
(The most quoted FReeper on obscure anti-Free Republic websites)
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