Interesting.....the thing about shorts hurting American competitiveness. Reality is that squandeing of Capital is the the greatest threat. Tight financial controls, discriminating investors, fiduciary responsibility and a legal system and process that respects property rights, freedom and punishes criminal behavior is what creates the environment for American competitiveness. Short seller's play an important role here.
Capital is precious. Scum bags who waste it and foolish investors who don't understand this are the ones who are excess baggage (waste) within our econnomic system. Look at Russia, Asia and Latin America.
Great companies have developed and flourished within the past 10-20 years (similiarly in previous eras), INTC, HP, SUN, IBM, CSCO, DELL GE not to mention the oil and gas industry, drugs and numerous others that provide better products and services (or the tools) at lower costs.
Anyone who thinks American competitiveness is floundering is foolish. Competitiveness isn't created with free capital. Free capital encourages laziness and dependence that the rest of the economy must carry.
Speculative excess however is a risk, not due to shorts, but due to those don't play by the rules and lazy investors who are either foolish or duped into pissing away capital.
Reward those who create value with capital and punnish with impunity those who squander it. Capitalism according to Darwin is the way....the only way.
darwinawards.com
Best Regards,
Mad2 |
