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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (23483)	10/4/2007 12:20:22 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217661

Yes, they have: < I totally agree that the middle class has made some terrible choices. > For example, I chose Globalstar as an investment even though the problems which brought it to bankruptcy were evident to me. My big blunder was to think that they would change their ideas when they realized they were going wrong. Plus Bernie Schwartz claimed they were "on plan" which was simply untrue - I should have detected his leadership weaknesses. The USA middle class chose to invade Iraq, which was fair enough as it was run on dog eat dog rules with toughest guy being the boss, but because they didn't understand what they were doing, it all went bad and now they have swarms of dead and maimed and vast cost on their hands. Bush wanted to be toughest dog, but wanted also to be loved by those he attacked, which is a bit silly. Because people make blunders, it's a good idea to drag down as few people as possible with each blunder. Forcing everyone into the same mold against their will is a way of maximizing waste, pain and suffering. When the inevitable dopey ideas are made real, everyone goes down. If people are free to do their own thing, more people will be busy doing something more sensible. Forcing everyone into a traffic jam by refusing to price roads correctly is one way of dragging everyone down. If people are free to make their own pricing decisions, more people will get it right. The chances of a single price, "free", being the right price for everyone, for all roads, at all times, is zero. It's a bad idea to have no government whatsoever, because there is the tragedy of the commons problem which has to be resolved in some collective way. Unfortunately, human nature being what it is, megalomaniacs given an inch take a mile. Bossy people, which is most people, if given the power to manage spectrum, harbour pollution, air pollution, fisheries stocks, protection of people against gangsters, invasion by foreigners, enforcement of property rights, and other commons issues then want to go on to tell individuals what variety of toothpaste to use, what they may and may not eat, which hand to carry their bread in, whether they can cut down a tree on their property, what colour they can paint their house, whether they are allowed to ingest tobacco, marijuana, cocaine, opium, ethanol, what they are allowed to think and say and everything else they get a flight of fancy to boss about. Mqurice