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View Diary: In a real free market, you shouldn't make money by failing (100 comments)

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  •  What? (0+ / 0-)

    Exactly what in my respectful question indicates hubris?

    Just to respond what reason you provide.  It's entirely possible and probable that someone could do everything right along the lines you indicate and still have his/her business fail or be unemployed through no fault of his/her own.

    It's clear that you may want to analyze capitalism a little more closely before you confidently arrive at the conclusion there's nothing wrong with it.

    If I was a communist, rich men would fear me...And the opposite applies. The history of all hitherto existing society is the history of class struggles.

    by stewarjt on Sun May 20, 2012 at 04:38:25 AM PDT

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    •  Perhaps a better statement would be that (1+ / 0-)
      Recommended by:

      there isn't anything wrong with capitalism as practiced in the US. We've instituted anti-trust legislation, regulation, and unemployment insurance, and other tweaks that soften the edges. Threw in a little socialism so to speak. What is happening presently is capitalism at its worst. When regulation was relaxed, the vultures came out of the woodwork and turned the whole system upside down. I'm old, so I grew up during a period when capitalism was working pretty well. When I was young, I had a big mouth, and got fired about every 6 months. But it was no big deal. That same big mouth afforded me the ability to get another job without much difficulty. Also, there were plenty of jobs to be had. What's going on now is a travesty. Lots of young people are losing time in creating their future because of the skewed wealth distribution. If we don't get our shit together pretty soon, it may be too late, individually and collectively. Perhaps what appeared to me like hubris on your part is merely anger. If that's the case, I understand your anger.

      Your left is my right---Mort Sahl

      by HappyinNM on Sun May 20, 2012 at 08:42:08 AM PDT

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