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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 (11505)	6/19/2001 5:26:57 PM
From: Crossy	Read Replies (1) \| Respond to of 12823

Ray, this exchange between us takes a form that was actually unintended by me. We should have movee it to a political thread instead. But I actually didn't even want to engage in it. So let me just answer and pls. don't be disappointed if I don't spin it on.. On Schumpeter: I view his later thoughts as just inconsistend, nothing more and I attribute it to the 30ies and the Great Depression that might have had an effect shifting his mind. On Invstment: it's a RISKY business. A fellow who cannot tolerate risk should prefer MUTUAL FUNDS instead or even FIXED INCOME sectrities. "Social welfare ? Ok, now you are showing your true colours <g> The alternative that your philosophy will create if taken to the extreme is a society that has its elites living behind locked gates and the rest of the population either behind prison gates, or on the curb. Is this the future we want? I can't imagine a more evil approach to the future. Yet, it is certainly starting to happen here" No quite the contrary. Political Elites do exist in Europe too and they are literally in the ebony tower but they tend to be quite leftist and anti-market. To me government is usually a drag on our financial health a machine sucking up the fruits of our labour disguised in the "well meaning" clamors of "social welfare" and the "public good". This is why I prefer the personal greed. Because the personal greed is at least STRAIGHTFORWARD. No one is guilty. Just self-sufficient. Now I'm using strong words (I know). Don't forget that the market economy wasn't always there. Before that there was feudalism. The market economy provied no safety net. But those who turned to it initially were rewarded heavily. That might be a tad extreme but many enterpreneur today shares this fate. There was always the freedom to fail. That too is a form of freedom. You allege that in a real market economy there is a drifting apart and "we" don't want that. Well, you can always choose what side you are on. You have 2 hands to work and a brain to think. Many aren't born with a golden spoon to feed them but have made it to where they are now ON THEIR OWN. If you always think of the fellow people as being to inapt to care for their own well being and as being dependent on government benevolence then of course you end up with a "need to impose the public good" by another authority. I stopped being so idealistic long ago and just care about the well being of those who I call my friends (and myself of course) while I wish nobodoy else anything bad of course. You might call this the "elbow society" I call this realism. And I'm not feeling guilty at all.. Interesting you bring up the CLEC and their failures. Most of their problems IMHO roots in the problem of not controlling their own destiny (being dependent on ILEC benevolence) and their "artificial creation" of conditions by the "fiat" of the FCC "Rather than reading the theorists such as von Hayek, I'd suggest a few history books, where reality, rather than theory, is discussed. Just a friendly suggestion. :) " Sorry I have to turn you down <G> because our two interests are too differnet. May I sugggest you reading Friedman, Stiegler and Mises instead ?? <g> Don't try to construe my thoughts as purely academic and yours as practical only. Both of our points of view have philosophic origins. Populist idealism also might have philosophic roots like Marx, Hegel or Auguste Comté. Ok, so let's just agree to disagree rgrds CROSSY