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Author: John GaltJohn Galt Date: Mar 29, 2008 13:21
John Galt:
"Jerry Kraus" yahoo.com> wrote in message
news:a2b78e90-cd19-439f-8eb9-e2a5c26cce44@b1g2000hsg.googlegroups.com...
On Mar 29, 2:33 pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message> I suspect you're using a novel definition of the word.
>
Capitalism is a desire to accumulate Capital. Where do you think the
word comes from? That is the same as Greed. A Capitalist is Greed-
driven, insofar as he/she is a Capitalist. It's really not very
complex. Bill Gates is a Capitalist. Warren Buffet is a Capitalist.
Richard Cheney is a Capitalist.
You can earn a living, without being a Capitalist, if you aren't
really that interested in money -- Capital -- as an end in itself. If
you only see money as a means of helping people, enjoying yourself, or
pursuing activities and ideas of interest, you probably aren't a
Capitalist.
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Author: John GaltJohn Galt Date: Mar 29, 2008 13:23
John Galt:
msn.com> wrote in message
news:ec957fe7-33df-4e08-8445-bcfd56cc00fb@e6g2000prf.googlegroups.com...
On Mar 29, 12:46 pm, Jerry Kraus yahoo.com> wrote:> On Mar 29, 2:33 pm, "John Galt" bluebottle.com> wrote:
>>> John Galt:"Jerry Kraus" yahoo.com> wrote in message
>> I suspect you're using a novel definition of the word.>
> Capitalism is a desire to accumulate Capital. Where do you think the
> word comes from? That is the same as Greed. A Capitalist is Greed-
> driven, insofar as he/she is a Capitalist. It's really not very
> complex. Bill Gates is a Capitalist. Warren Buffet is a Capitalist.
> Richard Cheney is a Capitalist.
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 13:30
On Mar 29, 3:21Â pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message> By that definition, neither Gates or Buffet qualify. They are on target to
> be the biggest philanthropists that ever have lived.
Obviously, neither Gates nor Buffet have any particular interest in
money. Yes, I agree.
You are a sophist, my friend.
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 13:33
On Mar 29, 3:20Â pm, forbisga...@ msn.com wrote: > On Mar 29, 1:03Â pm, Jerry Kraus yahoo.com> wrote:
>>> On Mar 29, 2:57Â pm, forbisga...@ msn.com wrote: >
>>> On Mar 29, 12:46Â pm, Jerry Kraus yahoo.com> wrote:
>>> Capital is a necessary part of progress. Â A hamer is capital.
>>> If you use a hammer to build something you are using capital.
>>> Capital makes labor more efficient. Â There's nothing wrong with
>>> being a capitalist only with being greedy.>
>> A hammer isn't Capital. Â
>
> You should learn some economics.
>
>> A hammer is just a tool. Â
>
> Tools are capital goods.
>
>> It can be provided free of charge. Â ...
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Author: Les CargillLes Cargill Date: Mar 29, 2008 13:36
> On Mar 29, 1:49 pm, "John Galt" bluebottle.com> wrote:>> "anon" privacy.net> wrote in messagenews:jvvHj.782$lV1.215@trndny06...
>>>>> "Canuck57" unixhome.net> wrote in message
>>> news:ECtHj.133413$pM4.120298@pd7urf1no...>>>> "Andy F." tesco.net> wrote in message
>>>> news:656ugbF2emh15U1@mid.individual.net...>>>>> I think a better idea would be to have NO lender of last resort.The last
>>>>> resort should be bankruptcy, just like in any other business.
>>>> Insightful.
>>>> If they just let that happen, the problem would have solved itself in 6
>>>> months.
>>> the last time they let the problem get so big and then "sort itself out",
>>> it took more than a decade and a world war to reset the animal spirits.
>> Uh, the government did NOT sit back and let the Depression sort itself out.
>> There were many actions taken, most all of them now generally accepted as
>> having extended the distress.
>>
>> JG ...
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Author: forbisgarygforbisgaryg Date: Mar 29, 2008 13:41
On Mar 29, 1:23Â pm, "John Galt" bluebottle.com> wrote:
> It should also be said that greed may be a component in all this, but rarely
> (IMO) as the *only* motivator.
Hording for security is a pathology brought about by a sick
society. Everyone gets old. Most of us have times when we
aren't produtive for one reason or another. That we find a
need to mitigate this risk tells me there isn't enough care
to go around. We would be better off in the long run if we
would make productive resources available for others to use
when we weren't using them but that will not happen when we
are expected to provide for ourselves even when we can not.
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Author: forbisgarygforbisgaryg Date: Mar 29, 2008 13:44
On Mar 29, 1:33Â pm, Jerry Kraus yahoo.com> wrote:
> You are defining all criticisms of Capitalism out of existence, by
> claiming that all good things are Capital. Â This is nonsense.
No I am not. I'm separating good and evil from capital. They are
independent. Greedy people can use capital to feed their greed
but this doesn't make capital or capitalism evil. Capitalism
is just another tool. In the wrong hands it does harm but the
the right hands it does good.
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Author: Les CargillLes Cargill Date: Mar 29, 2008 13:48
Canuck57 wrote:
> "Les Cargill" cfl.rr.com> wrote in message
> news:47ee7313$0$24103$4c368faf@roadrunner.com...>> Canuck57 wrote:
>>> "anon" privacy.net> wrote in message
>>> news:1PsHj.2069$yd2.532@trndny04...>>
>>> If the market is right, and most often is, gold going from $330 an ounce
>>> to $1000 means $1 last year will have 33 cents purchasing power not too
>>> far into the future.
>>>
>>> Look at it as the cost of gold and oil is constant, and it is the
>>> currency that is fluxuating in depreciation due to dilution. Add that
>>> this causes a rift in the economy, people lose homes and jobs until it is
>>> fixed. It is the little people who get screwed the most.
>> Oil and gold are in bubbles. Nothing's fundamentally changed since about
>> 1998 - we have too much cash chasing too little stuff - at least
>> from the point of view of the marketplace.
>>
>> -- ...
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Author: Les CargillLes Cargill Date: Mar 29, 2008 13:56
Jerry Kraus wrote:
> On Mar 29, 2:07 pm, "Canuck57" unixhome.net> wrote:
>
> In any case, Greed -- and that is all libertarianism is, Greed as a
> God -- doesn't work out too well as a long-term way of running
> things. Freedom is always relative. We live in a material world.
>
Crazy is still crazy, whether greed infected or not. Wanting
a modestly decent life isn't particularly "greed", but wanting
to spread that around is one core value of the present mess.
While there are isolated pockets of utter insanity, the *overall*
system works towards that end almost overwhelmingly. We're looking
over our shoulder at 1929 at all times, wondering how to make
the biscuits and gravy work out.
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 13:57
John Galt bluebottle.com> wrote: > Hate to tell you this, moron, but I'm not getting any free lunch.
> From anyone. Actually, I have very little to lose. Which is why my
> position is much stronger than yours, at the moment. Your system is
> collapsing around your ears. Har-dee-Har-dee-Har!!!
>
Don't call Jerry a moron, he graduated from Queens University.
They're sensitive about being called Morons.
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