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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.76

-6.4%

4:00 PM EST

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To: Enigma who wrote (85024)	5/1/2002 6:48:59 PM
From: Don Lloyd	Read Replies (1) of 116834

Enigma - ...All I'm saying to you is that pro-capitalist dogma assumes that the capitalists have acted out of the goodness of their hearts when it comes to society at large. ... This is utter nonsense. Free market capitalism works precisely because self-interest forces producers to compete to best attract consumer purchases. The consumer will not only buy on the basis of price, but will consider producer reputation and the respect he is afforded by the producer. The weighting of all possible factors is inherently made by every consumer on every purchase decision using his own standards. Virtually all remaining problems are the result of public ownership of common property that lacks the incentives for responsibility that results from privately owned property. Regards, Don

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