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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (110182)	8/9/2011 2:35:08 AM
From: Jorj X Mckie	5 Recommendations Read Replies (1) \| Respond to of 224748

Jorj, I have seen how Capitalism can be corrupted by greed (Madoff/Wall Street) if taken to the extreme, We agree. PURE Capitalism primary purpose is to maximize the profits for the stockholders!!! However, when greedy becomes the focus then all parties suffer with the exception of the greedy. The Wall Street problems were examples of excessive greed. And, there were inadequate federal regulations to control the greed. ------------------------------------------------------------ jxm>This has nothing to do with capitalism. It isn't even about greed. It's about theft. And the theft we saw on wall street and by Bernie Madoff was directly facilitated by politicians in D.C. Without the collusion with Washington DC, the theft at the scale we saw (and are still seeing) could never have happened. Look at the companies who are getting rich and look at who they support politically. Look at the relationship between GE, GE Execs and the Obama administration. Tell me that something ain't wrong there. There is absolutely nothing wrong with a company maximizing profits for shareholders. I try to maximize the benefits that I get from my company, you try to maximize the benefits you get from whomever pays you and to get investment money, corporations must maximize the shareholder benefits. You do understand that shareholders are part owners of the company, right? If there is only one owner of a company, that owner would be maximizing the profits for the one shareholder, right? It looks like you have been a share holder once or twice in your life. How long do you think you would have been a shareholder of a company that didn't actively try to make a profit? Would you invest in a company that didn't try to maximize its profits? The problem wasn't inadequate federal regulation. It was the government collusion with the wall street companies.....(now we can talk about JPM and Obama).

To: Paul V. who wrote (110182)	8/9/2011 8:52:20 AM
From: TideGlider	4 Recommendations Read Replies (1) \| Respond to of 224748

Madoff was a criminal with a criminal enterprise. He had nothing to do with any established or legitimate economic system. He was a con man. Can you think of any corruption that may have occurred in any communist, socialist, economic fascist states? I recall some historical problems. You boast quite a pedigree. You portray yourself as a political operative and trainer of others. Yet, you have the time to post messages on this small, backwater, relatively unread thread. Somehow you appear to me as being someone who is a legend in his own mind. I don't mean that in a bad way because many has beens and never was folks post here. I simply wouldn't consider you an activist or even "active" in any political sense. Dream on....