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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: arun gera who wrote (74167)11/27/2010 10:06:57 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 74559
 
Pretty much: <Are you suggesting that the countries that are falling over are going bankrupt because they are evil? More like foolish. > There was knowing depletion of public assets and taxes on people for the benefit of those who had got themselves in charge of the government thanks to their self-dealing supporters. That's a reasonable definition of evil - robbing people to benefit oneself. It's similar to slavery, but just a little less evil.

You are right that people who miscalculated the benefits and ability to pay back lenders are not evil unless they defrauded the lenders about the risks such as the employment situation of the borrower. It's tough to argue that the absurd government debts and expenditures run up to pay welfare bills and government salaries and pensions had any reasonable foundation or prospect of repayment. Lenders should have been able to figure that out though. The main evil-doers are those voting for the largess.

Evil people normally don't think of themselves as evil. They are just looking after number 1, and sometimes they don't see themselves as harming other individuals [such as robbing banks, insurance companies, government coffers, big oil companies, wealthy people who can afford to be robbed]. Even if they do know they are robbing somebody personally and directly, such as in an armed stick-up, taking their last food, they don't see it as evil, just survival of the fittest.

Mqurice
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