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

To: Mark Adams who wrote (3343)	10/31/2001 4:06:26 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

That is the basis of capitalism isn't it? The globules of desire, acting in their own self interest, in effect benefit the whole? You have to understand what "self interest" is. Gecko didn't. Gecko stated truths, but he didn't believe in them. He was at war with them because he thought he had cheated his way to success. There's a fine line between constructive and destructive self interest. You have something here- I can't quite recall the link- but I remember reading something along these lines. I think it was in some material on the liquidity trap, and japan's situation. In some cases, (tragedy of the commons) an individual acting in his own self interest actually acts against the best interests of the whole. The secret of self interest is to promote other's interests, because if they get wealthier, then so will you, but if you pursue your interest to the detriment of others, they will get poorer, and so will you. Equivalently, if you do a net nothing, then the common good is benefited a net of nothing with respect to your contribution. So the best way to proceed is to move in a direction which benefits you and others. This is the essence of the synergy realized by corporations, and why it is wise to promote the formation and welfare of corporations, perhaps even over the interests of individuals. This is phenomenon is proceeding whether anyone likes it or not. It is manifest destiny or a more efficient way of societal evolution. I think this might be an argument in favor of a post capitalism structure or paradigm. Say what? One that embraces the best of tribalism and democracy, competition and cooperation. This is the definition of capitalism.