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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (150847)	9/3/2002 5:49:46 PM
From: TimF	Read Replies (1) \| Respond to of 1586268

Another perspective on the issue by Christopher Hodgkin "One thing you didn't mention is that perhaps the reason capitalism is more successful than socalism is that self-interest is a more powerful motivator than altruism. Also, that generally in capitalistic societies, those who are asked to pay the cost are generally those who are most likely to benefit from the system (those with jobs, high incomes, stock portfolios, etc.) so they are willing to pay to keep the system going, while in socialism those who pay the costs and those who benefit are most often different groups, and those with money are less interested in paying year after year for the benefit of other people. But what is perhaps most interesting is that socialism tends to work better than capitalism in small groups. Families, extended families, small tribes, have generally run fine as quite socialistic systems. It's as the group gets larger and the distance between the providers and the beneficiaries widens that socialism loses its appeal. " Message 17937947

To: TimF who wrote (150847)	9/3/2002 10:15:22 PM
From: tejek	Read Replies (1) \| Respond to of 1586268

That's because they've been around longer That's not what I mean. We have been having economic problems for a few years. They have been having economic problems for longer then that. Both have been through booms and bush numerous times since the US came in to existance. Many of the EU countries had problems during the 90's because they had to comply with EU requirements. It tended to slow the economies of those countries. And the European countries were slow to the tech boom. The first reason has nada to do with socialism. The US economy would have suffered if we had to meet the EU entrance requirements. The second reason may, in part, be attributable to socialism by discouraging inventiveness although some of it is due to the fact their corporate governace laws are stricter. The benefits from that, of course, is that their corps. don't pull as much sh*t as ours do. However, we have negatives to their positives and which system you like better is dependent on your point of view. ted