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


To: Lhn5 who wrote (10405)12/21/2007 1:55:57 PM
From: ahhahaRespond to of 24758
 
"I just meant that when drug dealer A is killed, Hogg is maintaining that is bad for business but I would say it is simply an accepted and expected cost of doing this kind of business by the 'gang leader'."

The essence of the matter is found in Hogg's sentence, "Free markets work BEST when one looks out not only for their own interest but for the best interest of the group." This misconception abounds in a socialist's depiction of free market capitalism. Nixon called it "enlightened self interest". I've tried to use this terminology too. The problem with it is it's perfectly quixotic, and can't be nailed down.

All you have done is underwritten the misconception by asserting X = X, a tautology. "bad for business" is equivalent to increased cost to do business, for Hogg did not refine what he meant by what's best for another's interest. It couldn't have been refined since knowing what's in an other interest is impossible.

I already showed that trying to do what's in another's interest is equivalent to socialism, also referred to as "pretense to knowledge". I know this is difficult to understand, but it never is difficult if one isn't immersed in a milieu of socialism or if one owns their own business.

When you own your own business you are forced out of the inherent socialism and learn that's it's not in the interest of your client to do too much for them. You find trying too hard to do for them puts you too far on the right side of Laffer's Efficiency Curve, and sometimes, so far that you lose your client. This is similar to not revealing too much to children.