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To: Keith Hankin who wrote (15736)12/31/1997 3:41:00 PM
From: Charles Hughes  Read Replies (1) | Respond to of 24154
 
Great quotes at that link, for sure:

>>>Under the antitrust laws, a man becomes a criminal from the moment he goes into business, no matter what he does. <<<

Am I in trouble then? Geez, I should never have gotten that business license, I just knew it would be trouble!

>>> But there is no such group as businessmen under a dictatorship.<<<

I guess Ayn Rand had never been to Singapore or Hong Kong. I wonder what she would make of China today? And apparently she thought there were no businessmen in ancient times. But it's hard to tell, she doesn't equate freedom with democracy in this quote.

Chaz



To: Keith Hankin who wrote (15736)12/31/1997 4:28:00 PM
From: nommedeguerre  Respond to of 24154
 
Keith,

Anyone who believes pure capitalism promotes a "free-market" that provides the most efficient use of resources for the "benefit" of the consumer should consider DeBeer's domination of the diamond market. Diamonds are neither rare nor difficult to mine and process, yet fetch mucho $$$. All this money should attract competition, yet somehow I do not see it happening nor do I expect any sane "businessman" to attempt to challenge this monopoly on their own. Of course, in one of Rand's phantasmic interludes, the benevolent corporation supplies diamonds to the masses at near cost, thereby freeing valuable consumer resources to be utilized on purchases in new emerging industries. Never seems to happen in the real business world with real "businessmen".

Cheers,

Norm