Re: Why Isn't Socialism Dead?
Greg Goss
>On Tue, 15 Dec 2009 16:25:45 -0700, Howard Brazee <how...@brazee.net>
>wrote:
>
>> Is the following an example of how government corrupted capitalism?
>>
>> http://www.businesspundit.com/white-collar-crimes-history-and-how-they-were-unravelled/
>
>The biggest white collar crime is Madoff, and he was cosy with the
>government his entire career, so it is hard to say who was corrupting
>whom.
>
>But Madoff was utterly insignificant compared to current financial
>crisis, which is very clearly a case of the government corrupting
>capitalism.
>
He was the co-founder of one of America's big stock exchanges. I'd
say that makes his links with free capitalism stronger than his
coziness with government.
--
Tomorrow is today already.
Greg Goss, 1989-01-27
gort.klaatu....@gmail.com
> James A. Donald <jam...@echeque.com> wrote:
>
> >On Tue, 15 Dec 2009 16:25:45 -0700, Howard Brazee <how...@brazee.net>
> >wrote:
>
> >> Is the following an example of how government corrupted capitalism?
>
>
> >The biggest white collar crime is Madoff, and he was cosy with the
> >government his entire career, so it is hard to say who was corrupting
> >whom.
>
> >But Madoff was utterly insignificant compared to current financial
> >crisis, which is very clearly a case of the government corrupting
> >capitalism.
>
> He was the co-founder of one of America's big stock exchanges. I'd
> say that makes his links with free capitalism stronger than his
> coziness with government.
> --
> Tomorrow is today already.
> Greg Goss, 1989-01-27
I think the horror of capitalism is that the people at the bottom
(90%) allow the top (10%) to dictate the rules. Madoff was just
playing by the rules a little too well. For every Madoff that gets
put in jail there are 1000 who live out their lives in complete
impunity.