Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (2569)	6/28/2001 5:50:02 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 24758

Jochen - ...Yes, the capitalism/socialism discussion is fine but in my view a minimum target ought to be to prevent human beings from being forced to starve to death. Many people never have a choice or a chance to take part in economic activities and have to wither away. I don't know the cure but poverty mustn't be allowed to persist the way it has during the past decades.... At this point in history, there should be no argument whatsoever against the fact that free market capitalism represents the form of organization of society that is capable of creating widespread wealth and freedom on a scale never before imagined on every level. It is equally true that socialism in all of its forms eventually leads to tyranny, poverty and death for everyone except the rulers and their favorites. Poverty is the absence of wealth and the freedom to deploy it. If you pick any human being in poverty at random over the entire planet and ask why poverty is his condition, the answer is not to be found in his genetic makeup, nor in the condition of the land in which he lives, but rather in the political, economic and social system into which he has been incarcerated. Isolated man lives at best on a subsistence level of survival. Only by participating in a specialized, division of labor, economy, is man able to rise above a day to day existence. Wealth is only created by the voluntary exchange of goods and services, both direct and indirect, between individuals and groups of individuals whose productivity is magnified by the free market economy. Wealth cannot be found under a rock, although gold could be, but the overall result would simply be an increase in the money supply. If wealth is not created, and cannot be found, it certainly cannot be redistributed. For a poor family trying to exist under a political and economic system which is nonfunctional, the only economic resource available is to bring another child into poverty. Regards, Don