-despite- having enormous financial incentive to make wise long-term decisions.
If that's not an indictment of Laissez-faire, I don't know what is. That doesn't justify a complete government takeover, but it does make a pretty compelling argument against trusting them to "do the right thing" based purely on economic self-interest. exactly Billy ========================================================= In a message dated 4/10/2010 9:51:36 P.M. Pacific Daylight Time, [email protected] writes: Hi David, On Apr 10, 2010, at 8:04 PM, David R. Block wrote: They are selectively showing cowardice. So, if I understand your argument, Wall Street is either: a) stupid b) greedy to point of stupidity c) cowardly to the point of stupidity This -despite- having enormous financial incentive to make wise long-term decisions. If that's not an indictment of Laissez-faire, I don't know what is. That doesn't justify a complete government takeover, but it does make a pretty compelling argument against trusting them to "do the right thing" based purely on economic self-interest. -- Ernie P. = _______________________________________________ Centroids mailing list: [email protected] http://radicalcentrism.com/mailman/listinfo/centroids_radicalcentrism.com Archives at http://radicalcentrism.org/pipermail/centroids_radicalcentrism.com/
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