| Re: Financial Sector self-destructing |
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Group: sci.econ · Group Profile
Author: forbisgarygforbisgaryg Date: Mar 29, 2008 12:57
On Mar 29, 12:46Â pm, Jerry Kraus yahoo.com> wrote:> On Mar 29, 2:33Â 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. Â Where do you think the
> word comes from? Â That is the same as Greed. Â A Capitalist is Greed-
> driven, insofar as he/she is a Capitalist. Â It's really not very
> complex. Â Bill Gates is a Capitalist. Â Warren Buffet is a Capitalist.
> Richard Cheney is a Capitalist.
I disagree about Capitalist begin greed-driven.
I don't see getting a return on capital as greed-driven.
If some laborer wants to use my capital without compensating
me then that laborer is greedy. I've worked hard for what
I have and I've done my best to make sure my transactions
are fair for all parties (to my own detriment). Damn the
greedy people who see the results of my hard work and call
me greedy.
> You can earn a living, without being a Capitalist, if you aren't
> really that interested in money -- Capital -- as an end in itself. Â 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.
Capital is a necessary part of progress. A hamer is capital.
If you use a hammer to build something you are using capital.
Capital makes labor more efficient. There's nothing wrong with
being a capitalist only with being greedy.
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