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To: philv who wrote (52573)	7/21/2009 7:48:03 AM
From: Maurice Winn	3 Recommendations Read Replies (3) \| Respond to of 217931

<Misuse of power, corruption and fraud> have nothing to do with capitalism but everything to do with crime and criminality, which are most normally found in socialist systems because state monopolies cannot be opposed whereas in capitalist systems, competitors are always hunting down opportunities and crime can be punished by the state and competitors have an interest in prosecuting criminals. Companies run by criminals are less profitable than those which are not, so they have a harder job keeping customers, as well as which in a country run on capitalist principles, they will be prosecuted by the government. In countries run on socialist principles, such criminal behaviour escapes prosecution far more easily because robbing others is the norm and citizens and government people don't even see robbery as criminal. My complaint was your unwarranted and falsely founded lynch-mob style attack on our glorious, venerable, estimable and honorable hero Sir Alan. It was shown to be false and unwarranted. If you were to focus attention on the actual bandits such as Paulson and the self-dealing Goldman Sachs mob, it would make more sense than blaming a guy who did nothing more than try to keep the money supply more or less in balance with economic developments so that consumer prices kind of stayed more or less the same with only a 5% per year royalty fee to the owners of the US$. Be careful about joining a lynch mob. Once the tumbrels start rolling, all and sundry can end up out of favour with the mob. Robespierre was keen on The Terror, but it turned and took him too: en.wikipedia.org TJ has read about and recommended a book about financial shenanigans which led relentlessly and promptly to the revolution. It's interesting in history but certainly far less fun if conducted along your village street and in your house. Are you sure Sir Alan Greenspan KBE is as bad as you say? Mqurice

To: philv who wrote (52573)	7/23/2009 11:17:18 PM
From: GPS Info	Respond to of 217931

Well, your considerable psycho analysis of what it is that Maurice is actually saying is a work in progress. Yes, indeed it is a work in progress. As I am apparently a member of a particular mob, as you note No, I would not make that inference. In fact, I strongly agreed with your earlier posts. In your reference to <drunken crowd>, I took to mean that many were patting themselves on the back for the expanding GDP and increasing stock markets at a time when the “punch bowl should have been removed.” <…I like even less the communist persuasion> My view is that because communism removes competition from the human equation, it is doomed to fail. On the other hand, Capitalism without “proper” regulations leads to excesses (specifically, failures to self-regulate) to which our human nature is so easily subject. Kind regards