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  • 2009: The War on Capital(ism) Must Be Stopped [View article]
    John L,

    Thank you for this comment. While it is true I am deeply concerned about the things you mention, the thrust of the article has been correctly seen by Smarty_Pants. I felt a need to revisit certain elements of the basic philosophy of a capitalist system; I felt that need because the core concepts are under direct assault and it is not being discussed enough here at SA. I don't want to speculate on whether the assault is deliberate or not. Capital is, first and foremost, private property. The nationalization of businesses and trampling of property rights must stop. I have no illusions either about the "temporary" nature of any of these measures.

    How can anyone assess risk when legal protections are meaningless and the financial system is run by diktat?

    On Jan 04 03:05 PM John Lounsbury wrote:

    > SW Richmond - - -
    >
    >
    > The risks you point out that current policies may lead to serious
    > degardation of the value of the U.S. dollar, high or hyper inflation,
    > and serious damage to the ability to fund our national deficitrs
    > are recognized by many who do not share all of your economic and
    > political philosophy. What others consider, and you do not, is how
    > much destruction of commercial structure should be tolerated in trying
    > to get the excesses shaken out.
    Jan 04 23:16 pm |Rating: +3 0
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