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View Diary: What did Adam Smith really have to say... (105 comments)

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  •  No "ism" works as theorized. (4+ / 0-)

    None of 'em. Not capitalism, socialism, communism.....none of them.

    Because they all run up against one fact of human nature....there will always be those who try to game the system.

    The "party leader" who lives like a robber baron. The capitalist who kills off the competition, not by creating a better product, but by squeezing out his competitors or sending goons to force workers back into the plant. The "rationalist" who decides to consolidate power by setting up a guillotine.

    These are the people I call the fat cats. The people with power and money who think that they have a right to power and money, any way they can get it.  

    This is why there will always be a need for sensible government regulation. The real problem is when the fat cats start running the government.....

    Freedom has two enemies: Those who want to control everyone around them...and those who feel no need to control themselves.

    by Sirenus on Thu Mar 03, 2011 at 11:54:15 AM PST

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