On Oct 2, 2008, at 3:03 AM, Stefano Mori wrote: > Well, be bored all you want, but if greed is the cause, then why now?
The idea that '"greed" is at the root of the problem is being pushed by the right, particularly the McCain camp. Ironically, the left is saying that altruism is neither expected nor particularly desirable in a financier. They argue that stockbrokers, etc. are supposed to be competitive. You hear the sports analogy a lot. If the league repealed half the rules and discouraged the refs from enforcing the rest then the games in any sport would quickly degenerate into chaos. But the problem wouldn't be that the players were trying too hard. I find that argument pretty compelling. I also heard some Reagan era economist making fun of both the left and the right for taking the approach that regulations were either all good or all bad. He said that the Bush crowd had taken the clearly stupid position that we didn't need any regulation at all and that the left was in danger of going to the opposite extreme and embracing any regulation that was suggested. He clearly had a point. There are good laws and bad laws. We need smart people who can tell the difference. -- Seven Deadly Sins? I thought it was a to-do list! _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
