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Thread: : Al Gore - A Generational Challenge to Repower America
face BY : Martin K email (remove spam text)

Vitaliy wrote:
> First, let me just say that there is nothing wrong or shameful about wanting
> to "make a buck", in fact that's the secret behind the success of
> capitalism: individual acting out of self-interest creates benefit for the
> society.
> Whenever an industry is deregulated, you always see a drastic increase in
> efficiency. Usually when people talk about the woes of deregulation
> nowadays, they mean the housing market crash. I'd be happy to address this
> issue separately if anyone is interested. For now, suffice it to say that I
> believe that deregulation has nothing to do with the crash, although other
> government actions are. In the best interest of everybody, things should
> have been left alone, but it is too late now (the bill was just passed, and
> the President said he'll sign it).

I wouldn't go so far as to say "whenever" - whenever there's a lot of
money to be made, the accounting gets creative. It's not longer
capitalism it's "who can stuff the most into their sacks" (Enron, Fannie
Mae, most any credit company)

> A control theory instructor at the MASTERS mentioned that, by the way, the
> stock market (or any market for that matter) is an inherently unstable
> system. It is normal for it to have "ups" and "downs" at regular intervals.
> Adding constant input (on/off) to such system is disastrous, but that is
> exactly what the government is doing.

It may be, but that sounds like a horoscope reading or a generic prophecy.

> Everyone would be much better off if the government just left things alone.
> Vitaliy

Where would the US be now if the government didn't break up Standard
Oil, US Steel, AT&T? "Don't take it personally," but I think people need
to realize that the government should never always leave things alone,
or always be the iron fist. Too often people get wildly polarized
because they lost a buck of their taxes to something they don't want to
pay for.
This is politics though so we should keep this thread on a short leash.

<488E223A.1060504@nnytech.net> 7bit

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Subject (change) : Al Gore - A Generational Challenge to Repower America

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