-Caveat Lector-
Let me address some of your false conclusions as follows nurev: (and let's
dispense with the puerile value judgements, "You get a little self serving
here don't you buddy?" )
[Without competition to balance greed, the system is sold under false
pretenses.]
the system is sold under false pretenses? Utter nonsense! competition in no
way balances greed, indeed competition is the result of greed and is its
active force in commerce.
[Adam Smith who made the case that with competition the system benefits
all, and, without competition we are simply destined for some form of
slavery. Smith made clear that without competition the system is merely an
oinkfest for oinkers and wanabe oinkers. He didn't much like businessmen. He
saw them as greedy, conspiratorial, and obsessed with money. Some things
never change.]
Adam Smith, that racist communist, read Anton Chaitkins Treason in
America ---- from Aaron Burr to Averall Harriman, for a detail treatment on
the heretical pronouncement this fool made and how his writings have became
a tool to propagandize the opposite of what he seems to stand for, the
statement above is a non-sequiter, that doesn't address the what the
relationship between competition and business. As for businessman being
greedy, conspiratorial, and obsessed with money, indeed some are, but as
with most generalized statements it is patently wrong. There has always
been that breed of merchantislist (which is who Adam Smith was addressing
here who sought to out right monopolies everything.)
[No??? Why no? Does this make capitalism good?]
There needs to be a distinction between an aspect or attribute of capitalism
and its core tenets.
Monopolies are not capitalism but are a feature of it in the global economy,
there are private as well as governmental monopolies. The most obvious and
glaring example of monopolist action which stifles innovation is the
electric utility industry which is on the verge of technological
obsolescence, which is raking up enormous profits while actively suppressing
innovation. go figure.
[ Wrong. Sheer greed has ALWAYS been the driver of capitalism.]
bullocks, bullshit, balderdash, complete sheer and utter crap.
Greed is not the driver of capitalism, you would impute that wealth
formation is an evil activity, it is only is when the rights of others are
violated in its acquisition. Wealth is good and desirable. However most
people including yourself it seems confuse wealth with mal intent.
Obviously, wealth has been use to cartelize the world economy, it has been
use to prohibit the free exchange of ideas to other nations, it has been use
to subjugate and use the common and natural resource for a foreign gain. Is
wealth or its formation a bad thing. I say no a thousand times.
Remember it is the love of money, and not money itself which is the root of
all evil.
[That's right. Pet rocks, hair in a can, minimum wages, externalization of
costs, and a petroleum based automotive industry 100 years old which will
not change as long as capitalists have the oligopoly in the oil industry.
That's innovation baby. What % of innovations are really advances for
humanity? I don't know. Vare to guess?]
The fact that we can communicate our ideas is an advance. Pet rocks,
hair in a can? Who gives a fuck? (you're more intelligent than that: aren't
you). minimum wages, yadda, yadda yadda, features of some capitalist,
not capitalism. Let me clear the cobwebs from your understanding. The
computer industry alone, is responsible for a great deal of innovation and
material benefit. % wise, who knows, why ask a question you can't
yourself quantify, unless you are speaking rhetorically?
[ I am assuming here that folks agree that monopoly is a baaad thing.]
Absolutely categorically agree with you.
[What bullshit! People don't eat information. You get a little self-serving
here don't you buddy? The internet has promise in several areas, none of
which are necessary for sustaining life.]
Did I say people eat information? What a fantastic leap in logic you've
accomplished. I sorry you can't understand what is patently understandable.
People thrive on information, data and intelligence, yes it is necessary to
life, schools, training institutes and news agencies, the government
(unfortunately the largest producer of information), businesses; media,
entertainment all feed an open mind. It is the driver for wealth
acquisition. If I know something then I am in a position to act on it.
This fact was known a long time ago. Remember man shall not live by bread
alone but every word that proceedith out of the mouth of God.
============================
Jeffrey C Hearon
Founder & CEO
SCIO-LTD
http://www.scio-ltd.net
http://www.scio-ltd.com
http://www.scio-ltd.org
============================
----- Original Message -----
From: nurev <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, June 10, 1999 12:13 AM
Subject: Re: [CTRL] Revising Capitalism/ rebuttal.
> -Caveat Lector-
>
> SCIO-LTD wrote:
> >
> > -Caveat Lector-
> >
> > As a technology professional with over tens years Internet experience, I
can
> > testify to William Hugh Tunstall comments. The subsidies are often
> > indirect through the granting of minor or major monopolies, (for a good
> > example see the history of AT&T, and the monopoly they had for well over
a
> > half a century). The government often has a dual use/dual purpose
agenda
> > in these areas, with strong linkages between industry, academia, and
> > government.
> >
> > Capitalism does not thrive on competition, on the contrary the false
> > Darwinian construct of competition seeks to explain market forces, price
> > patterns as the justification of arcane economic mechanism is simply
> > derived non-sense.
>
> Yes indeed. But there is a problem here. Without competition to
> balance
> greed, the system is sold under false pretenses.
> Adam Smith who made the case that with
> competition the system benefits all, and, without competition we are
> simply destined for some form of slavery. Smith made clear that
> without
> competition the system is merely an oinkfest for oinkers and wanabe
> oinkers. He didn't much like businessmen. He saw them as greedy,
> conspiratorial, and obsessed with money. Some things never change.
>
> As for invisible hands, they are about as real as virgin births, and
> horses flying up to heaven.
> >
> > Capitalism seeks to aggregate resources, and to wipe out threats to
> > expanding growth of competitors or monopolize energy, whether it be in
the
> > form of money, information, food, fuel, or other raw material.
>
> Or, put another way, capitalists are driven to accumulate wealth. In a
> system designed by capitalists to assure that wealth is the best
> source
> for accumulating even more wealth, the outcome is always political,
> economic, and societal domination by the rich.
>
> > However
> > monopolistic forces wipeout innovation because there is no incentive.
> >
> > Does this make capitalism bad? No,
>
> No??? Why no? Does this make capitalism good?
>
> > just its false and widely practice
> > Darwinist credo which has slowly inculcated the modern economic
thinking.
> > Innovation has always been the driver of capitalism,
>
> Wrong. Sheer greed has ALWAYS been the driver of capitalism.
>
> > it like saying that
> > water is necessary for life. William Baumol's bullshit
announcement
> > smacks of fascination with the obvious. Innovation has always been
the
> > great inducer of capital, which is patently obvious to most casual
observer.
>
> That's right. Pet rocks, hair in a can, minimum wages, externalization
> of
> costs, and a petroleum based automotive
> industry 100 years old which will not change as long as capitalists
> have
> the oligopoly in the oil industry. That's innovation baby. What % of
> inovations
> are really advances for humanity? I don't know. Vare to guess?
>
> > It should not be surprising that firms sign strategic partnerships with
> > their competitors seeing that their innovations will ultimately fuel
their
> > own innovations.
>
> You could say that, or you could say that we are destined to suffer
> corporate
> giantism, corporate cannibalism, or oligopoly. All, forms of monopoly.
> I am
> assuming here that folks agree that monopoly is a baaad thing.
>
> >
> > As Peter Drucker said nearly ten years ago"International economic theory
is
> > obsolete, the traditional factors of production land, capital and labor
are
> > constraints rather than driving forces, only information has become the
one
> > true factor of production, it underlies the most powerful and radical
> > transformation in the global economy." A la Internet!
>
> What bullshit! People don't eat information. You get a little self
> serving
> here don't you buddy? The internet has promise in several areas, none
> of
> which are necessary for sustaining life.
>
> Joshua2
> >
> > ============================
> > Jeffrey C Hearon
> > Founder & CEO
> > SCIO-LTD
> > http://www.scio-ltd.net
> > http://www.scio-ltd.com
> > http://www.scio-ltd.org
>
> DECLARATION & DISCLAIMER
> ==========
> CTRL is a discussion and informational exchange list. Proselyzting
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> screeds are not allowed. Substance-not soapboxing! These are sordid
matters
> and 'conspiracy theory', with its many half-truths, misdirections and
outright
> frauds is used politically by different groups with major and minor
effects
> spread throughout the spectrum of time and thought. That being said, CTRL
> gives no endorsement to the validity of posts, and always suggests to
readers;
> be wary of what you read. CTRL gives no credeence to Holocaust denial and
> nazi's need not apply.
>
> Let us please be civil and as always, Caveat Lector.
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> Om
>
DECLARATION & DISCLAIMER
==========
CTRL is a discussion and informational exchange list. Proselyzting propagandic
screeds are not allowed. Substance—not soapboxing! These are sordid matters
and 'conspiracy theory', with its many half-truths, misdirections and outright
frauds is used politically by different groups with major and minor effects
spread throughout the spectrum of time and thought. That being said, CTRL
gives no endorsement to the validity of posts, and always suggests to readers;
be wary of what you read. CTRL gives no credeence to Holocaust denial and
nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
http://home.ease.lsoft.com/archives/CTRL.html
http:[EMAIL PROTECTED]/
========================================================================
To subscribe to Conspiracy Theory Research List[CTRL] send email:
SUBSCRIBE CTRL [to:] [EMAIL PROTECTED]
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Om
