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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Johnathan C. Doe who wrote (34585)	2/19/1999 11:32:00 PM
From: Neocon	Read Replies (1) \| Respond to of 67261

Sheesh, most of the world has finally awakened to the quackery of Marxism, but you are spouting the lamest version of it I have heard in a while.Yes, Capital is evil, and would grind the proletariat into the dust if only it had a free hand. The standard of living has risen over this century not because of sheer economic development, but because of the intervention of the government, which mandates wages... oops, I guess it doesn't... in fact, only about 17% of industrial workers are unionized, and yet most skilled blue- collar workers make a very good living... and if it has been worthwhile to raise wages and benefits to attract and maintain a decent workforce, why not working conditions? In fact, under the common law, most dereliction on the part of employers would be actionable (i.e., able to be litigated) anyway, which in itself would provide an incentive for those not moved by conscience. OSHA is defensible: your speculations about nightmare scenarios are nonsense. By the way, did you know that the biggest investors in the stock market are institutional, in fact largely pension plans? A lot of the people pocketing the profits from labor are---- laborers, in the form of pension benefits. Also, colleges and other non- profits are heavily invested, through their endowments, that allow them to do things like provide scholarship money. Also, even those assets which are nominally held by the rich mostly remain in the market as productive investment, rather than being liquidated for consumption. Gad, do you know anything at all about economics?