I think you have misunderstood me. Most business firms that created charitable endowments (applied to medical research or whatever) were not themselves related to medicine.

Keith

At 17:51 30/10/2012, you wrote:
Think the NYTransit which has public and private. No one would advocate public transit which moves more people in one day then there in London, be private only. They both keep each other honest. The problem with the medicine is that the private is impossibly expensive and most good doctors don't take private insurance. You are forced to pay for all but the biggest expenses out of pocket. If you are poor or lower middle class like most people and most artists you basically make do with over counter deregulated medicine and treat yourself with nutrition and herbs. I love my socialist Veterans Administration medicine.

REH

From: Keith Hudson [mailto:[email protected]]
Sent: Tuesday, October 30, 2012 3:01 AM
To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION; Ray Harrell
Subject: Re: [Futurework] War is Peace, Freedom is Slavery, Ignorance is Strength

At 22:25 29/10/2012, you wrote:

There is always a problem with what Smith meant.   He also said that there
was an invisible hand of charity but I ain't seen it yet.

REH

Have a look at medical research then. A vast amount of it (if not most) is initiated by private foundations. You should be lucky to be American.

Keith




-----Original Message-----
From: <mailto:[email protected]>[email protected]
[ mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Monday, October 29, 2012 8:58 AM
To: <mailto:[email protected]>[email protected]; 'RE-DESIGNING WORK, INCOME DISTRIBUTION,
EDUCATION'
Subject: Re: [Futurework] War is Peace, Freedom is Slavery, Ignorance is
Strength

I think that Smith was referring to trees and branches.



-----Original Message-----
From: <mailto:[email protected]>[email protected]
[ mailto:[email protected]] On Behalf Of Mike Spencer
Sent: Sunday, October 28, 2012 11:59 PM
To: <mailto:[email protected]>[email protected]
Subject: [Futurework] Re: War is Peace, Freedom is Slavery, Ignorance is
Strength


> If the rod be bent too much one way, says the proverb, in order to
> make it straight you must bend it as much the other.  Adam Smith

That only works for blacksmiths and when the rod is red-hot.  For ordinary
mortals  and a cold iron rod, you gots to bend it *further* back in order
for it to be straight.

- Mike

--
Michael Spencer                  Nova Scotia, Canada       .~.
                                                           /V\
<mailto:[email protected]>[email protected] /( )\
http://home.tallships.ca/mspencer/                       ^^-^^
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