Greed With John Stossel part 2 of 6

A John Stossel report on Greed. watch it, make your friends watch it, force teachers to show it in schools, set up an organization known as the Church of Stossel and read from the Gospel of John (Myths, Lies, and downright stupidity).

Category:

Education

Tags:

• John
• Stossel
• Greed
• Economics
• Free
• Market
• Econ
• laissez
• faire
• Hong
• Kong
• India
• United
• States
• government
• libertartarian

[1963danno]

@raderator Fuck off I own a MAC which is a much better computer

[raderator]

@1963danno  Aren't you forgetting all those billions of copies of Windows and Office? Yes you are, asshole.

[1963danno]

How much wealth is enough????????

[1963danno]

Bill Gates 40 billion had to come from somewhere. It certainly didn't come from thin air. Wealth is merely transferred from one place to another

[tjohn1986]

@buugiman78 Nope. Markets are very old. U.S for example became the richest in the world in the late 1800s when there were no regulations.

And I would much rather have accumulation of wealth than power.

[buugiman78]

@tjohn1986 The only thing even remotely close to an argument is your mentioning of a few peculiar states. I pointed out that although their economical systems might have contributed to their success (there are many other variables as well) they are also good examples of the downsides of laissez faire markets. Inequality and concentration of wealth. These economical systems also are very new. Cumulative concentration of wealth leads to many serious problems by time. Wait and see...

[tjohn1986]

@buugiman78 Hmm I just gave you plenty of empirical evidence of where markets have worked. Markets have existed long before any govt came along. This is getting sad and tedious really. If you don't have any arguments then why bother?

And no the only regulations required are to protect the 3rd party and against fraud. The best protection for a consumer is the consumer himself. But like I said, by all means concede that you're inept and thus need a bureaucrat to decide for you.

[buugiman78]

@tjohn1986 Interesting that you mention communist states. There are many similarities between libertarianism and communism. They're both dogmas with no roots in reality. One would think the disastrous communist experiment was enough for people to realize utopian dogmas are to be avoided at all cost, but clearly not. I'm no supporter of big government per se. But we need to regulate the market and a gov is really the only viable option in this regard.