From: Jim Choate <ravage@einstein.ssz.com>
Date: Tue, 6 Oct 1998 12:59:56 +0800
To: cypherpunks@einstein.ssz.com (Cypherpunks Distributed Remailer)
Subject: Re: Another potential flaw in current economic theory... (fwd)
Message-ID: <199810061803.NAA08378@einstein.ssz.com>
MIME-Version: 1.0
Content-Type: text



Forwarded message:

> Date: Tue, 6 Oct 1998 11:19:54 -0600 (MDT)
> From: Jim Burnes <jvb@ssds.com>
> Subject: Re: Another potential flaw in current economic theory... (fwd)

> Hmmm.  You imply that the employees and employers interests are not
> the same.  

Obviously this so.

> The whole idea is to make a profit.

There is MUCH more involved than simply making a profit.

[irrelevant material deleted]

> Any other sort of interest would simply induce a market distortion
> in the cost of investment capital.

Demonstrate please.

> The market detects socialism as damage and routes around it.

Whoa horsey. I didn't say a damn thing about any third party regulatory
agency getting invovled here. Don't start trying to change the rules in the
middle of the game.

> The entire market would never do this voluntarily, so by definition any
> distortion would have to be induced in a centrally managed economy.

Demonstrate.

> By definition socialism.

Wrong. Socialism is the belief that property is best managed and owned by
the government. This is within the context of a free market. This means that
the *ONLY* two parties involved are the producers and consumers. I am
discussing an alternative approach to business management.

Fascism is the belief that property should be owned by private individuals
but managed by governments.

Capitalism is the belief that property should be owned and managed by the
individual. Note that this definition doesn't prevent 3rd party regulatory
bodies, but they neither own or manage the activity, only limit its' scope.


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