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To: Merlinson who wrote (77139)3/31/2008 10:25:07 AM
From: Oblomov  Read Replies (2) | Respond to of 116555
 
Business has no power on its own. If business has power it is because the state is standing right behind it. When people talk about a "powerful businessman" they really mean that the businessman has money or connections, which obtain loyalty from government officials.

Every monopoly or oligopoly that exists is the result of state action. What you object to Paulson doing is itself an action of the state. If the state did not have the power to create money out of thin air to begin with, then it would not be able to hand this power to a private entity.