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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (11499)	6/19/2001 4:37:31 PM
From: Crossy	Read Replies (2) \| Respond to of 12823

Raymond, George Soros has always castigated the "free markets". Just because he made money of them doesn't mean he had to support it intellectually (and he never did). Notice his parallel with Keynes ? Both made their money with currency trading (an area where government and central bank fiddling with the markets are greatest) yet both share great reservation on the private sector. Schumpeter in his later days changed his course but that doesn't invalidate his pioneer enterpreneur concept. The whole US story of 1980-2000 could look like a lab-based case study of those priciples. People like you tend to point to market failures. Then folks like me point to government failures. The problem in California is that we two may not even agree in what category the whole affair falls <g> Social welfare ? Ok, now you are showing your true colours <g> "So, to reinterate what I said earlier, free markets are great in the greeting card industry, and maybe a handful of others. But when society needs real goods and services, relying on the whims of corporate pirates is folly at best and downright stupidity at worst. " Ok you opt for government monopoly and for the same type of inefficiency that elmat asserts in his local telco (Czech Telecom). I think I opt for private corporate "pirates" any time because as soon as there is an alternative I can jump ship and go where I get a better deal.. What holds corporate power in check ? There only one way : competition. CROSSY