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Old 09-05-2009, 11:20 AM   #21
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Quote:
Originally Posted by ziggy29 View Post

Capitalism has some undesirable side effects, I think. When taken to completely unregulated extremes ...

So the trick is to encourage the risk taking and entrepreneurial spirit of capitalism without allowing the type of "excesses" that could destabilize society and dismantle the vital middle class. In other words, increase societal wealth without seeing fewer and fewer people benefiting from it.
I agree with the observations, however I don't think the solution is "tricky" at all.

From what I've observed, the only time "excesses" come into play is where there is not a free and transparent market. I've used this line before, but essentially "greed has little power in a free market". A "greedy" entrepreneur cannot overcharge if there are competitors.

For the most part, I think free markets can work pretty well on their own. In some cases, the consumer is at a disadvantage with respect to transparency. I can't really tell if my food was cut with some cheap (and maybe unhealthy) substitute, etc. So I do think some government (or preferably, industry) action is required - labeling laws and enforcement for example. If the govt and industry focused on transparency, and opening up closed markets, I think we would all be better off.

Keeping the regulation simple but effective will encourage competitive capitalism, which results in more jobs and more value to consumers, which helps the "little guy".

-ERD50
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Old 09-05-2009, 12:18 PM   #22
Give me a museum and I'll fill it. (Picasso)
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So basically Mr. Moore is making a movie where he displays his ignorance of the financial markets and he invites his viewers to roll around in the filth with him. I think I will be avoiding this movie and anything related to it.
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Old 09-05-2009, 01:42 PM   #23
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Ziggy I agree with you. Brewer watch the movie then voice your opinion about his movie. It appears to be a movie regarding the bailout. So that's anti-capitalism and filthy? I'm sure all of you who don't want to contribute to Mike's wealth can very easily find it online.
I shouldn't post if I don't want a discussion? You guys don't discuss you lambast. Like I said, I posted the video because I thought some people would be interested in seeing his movie. But I know that he has a lot of detractors out there. I don't watch CNN or Fox because I haven't had a TV since the early 80s. (I wouldn't watch Fox news if I did.) And I know who Anne Coulter is, but I'm not going to agree with a statement that she lies when I don't watch or listen to her. And believe it or not I'm also aware of the criticisms surrounding Moore's films. Also I'm not a Democrat etc. I was around when the Clintons tried to reform health care. Unfortunately I was too busy working to pay much attention. And yes Senator Edward Kennedy has been trying for decades to get a decent HC bill. But I like Moore's in your face style and he brings issues to the table which really stir people up! Like some of you for instance! He's a lightening rod.
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Old 09-05-2009, 01:48 PM   #24
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Why on earth would I give this numbskull money to blather idiotic nonsense at me? He obviously has no idea what went on over the last couple of years but is nevertheless ready to make some money pandering to all the mouthbreathers out there. No thanks.
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Old 09-05-2009, 02:24 PM   #25
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"Yeah, but it's the only game in town!" - Canada Bill Jones, after George Devol told him the Faro game in Cairo, Illinois was crooked.

Somehow this thread reminded me of this quote.
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Old 09-05-2009, 04:14 PM   #26
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I didn't think this thread had much of a chance to last when it started...

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