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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (458476)	2/22/2009 6:58:51 AM
From: Road Walker	1 Recommendation Read Replies (1) of 1572946

The whole notion of the free market is based on everyone acting in self-interest with an "invisible hand" guiding all of them toward the good of the community. It's all in Adam Smith's "The Wealth of Nations." Well it didn't work, did it? That is (in fact was) Greenspans philosophy... but the banks DIDN'T act in their own self interest, and are in the process of very badly damaging their community. There have to be rules that protect us from each other. I've mentioned 'doing away with stop lights and speed limits' before. Sure, 80% of us would be sensible, in fact maybe MORE sensible. But the other 20% would reek havoc. You probably believe in Stiglitz and Choamsky, who think government should play an active role in managing the economy, as if even smart, honest politicians are all-knowing. No body is 'all knowing' (well I guess your God is all knowing but He doesn't get involved in the mundane stuff). The community has it's own separate and different self interest. I could name 100's of examples. Very little in this world is absolute, and treating the 'free market' as religion is very obviously (right now) the wrong path.

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