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Politics : View from the Center and Left

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To: TigerPaw who wrote (10503)	2/1/2006 1:52:42 PM
From: TimF	Read Replies (1) of 541836

Immortal assets cause distortions in the economy I wonder how you define distortion. I would say that "immortal assets" are an inherent part of any economy, at least if "immortal" doesn't literally have to mean with no limit. Taking the wealth from someone for reasons of making things more "fair" or for any other reason is the distortion. Sidebar on no limit - A pile of gold will be around a long time (but will at some point decay in to iron, perhaps even the protons in it will decay, also the universe itself may not be infinite in time, and if does last long enough the energy in it will eventually wind down, even if the gold was still around with no energy there is no life and no thought so there would be no one to own the asset) The greatest damage is that they lead to control by those who would do the least with them I don't think the structure of a public stock company is inherently inferior to a company that is largely owned or totally owned by its employees or by any other owner other than the owners of publicly traded stock. The stockholders or their managers might do damage, so might employee owners or the owners in any other type of ownership structure. Tim

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