Re: Rasmussen Says That Obama Will Slaughter Mormon Cultist Mitt In November - Mitt Should Quit Now While He's Ahead

[A-G-W-S.C.A.M.]

"Seneca" <sen...@microsoft.com> wrote in message
news:MPG.2a1a35ca2...@news.aioe.org...
>
>
> Rasmussen Says That Obama Will Slaughter Mormon Cultist Mitt In November -
> Mitt
> Should Quit Now While He's Ahead
>
> It's game over for America's radical far right.
>
> Let the slaughter begin:
>
> http://www.realclearpolitics.com/epolls/2012/president/us/general_election_romney_v
> s_obama-1171.html
>
>
>
> --
> The growing incompetence of
> Rightist government is not subject to cycles.
> The Corporate sector will not get better
> at performing its new tasks, no matter
> how hard people try to reinvent
> Capitalism. There are certain things
> that Capitalism is inherently unfit to
> do. Nor will the Capitalism get better
> at doing the things it is fitted to do
> unless it divests itself at everything else.
> The only way that Capitalism is going
> to get better at feeding CEOs is if
> keeping the streets clean is once again
> one of its few jobs, and one that it takes
> seriously.-- Ludwig Von Mise



Capitalism 101 For Rabid, Ignorant Socialists.



"Any man who is under 30, and is not liberal, has not heart; and any man who
is over 30, and is not a conservative, has not brains"

Unknown, Often Attributed To Winston Churchill







Many critics of capitalism point to the worst crooks the system produces as
examples of the inherent unfairness or greed of being in business for a
profit.



This is moronic, or perhaps just a terrible misunderstanding.



You don't judge an economic system by its worst offenders.



You judge it by how much prosperity it creates for the largest number of
people.



And to make a sound judgment, it doesn't hurt to have a basic understanding
of how the system consistently produces better outcomes for more people.



Your average capitalist-and we are talking about the small businessmen and
women, innovators, and entrepreneurs that run most of the country's
businesses and create the most new jobs-applies his skill, knowledge and
labour to create something other people find valuable.



The application of his efforts creates value where none existed before.



The reward for his efforts is a profit.



But the profit is a double edged sword. In addition to being a reward for
value-added, profit is a signal to other potential producers: do this thing
better or sell it for cheaper and there's profit in it for you too. This is
why the best place to open a new restaurant is generally right next door to
a restaurant that's already successful.



This is why profits are crucial to a free market. They signal to producers
what consumers are willing to pay for. The signal attracts more producers,
which lowers prices and improves quality for consumers. Without profits,
then, consumers would have fewer choices, pay higher prices, and receive
poorer quality goods and services.



Profits stay abnormally high in markets where a producer enjoys a virtual
monopoly (Telstra) or where the government creates barriers to entry on
behalf of favoured producers (Qantas). Any time profits are kept abnormally
high, consumers suffer. But it's not profits that are problem, it's the lack
of competition.



Incidentally, this is why investors are often willing to pay a premium for
growth stocks. A new company in a new industry often rakes up higher profits
in the early years, before the competition emerges and the entire industry
matures. This is the fundamental basis for investing in small capitalisation
stocks... you want to capture the abnormally large profits of early-stage
innovators and first-to-market companies.



Anyone who's ever owned or run a small business understands that greed can
never be the basis for a successful enterprise. Your shortest route to
business success is not through price gouging. You simply have to provide
people something they want at a price they're willing to pay.



You do that by practicing sound business ethics-like not charging your core
customers more for cream simply because you can.



Bad ethics is bad business!



That seems deceptively simple. In fact, it's so simple that most people miss
it. And we realise there are exceptions. But providing real value to your
customer is the hidden principle of trade and commerce.



There's another principle that doesn't involve greed at all.



It involves the efficient allocation of scarce resources. To trade anything
successfully, you have to produce a finished good that's more valuable than
the raw materials and labour you've put into it.



There are two basic ways to do this.



First, you can move an item from the place where it's less valuable to a
place where it's more valuable, from a place where it's abundant to a place
where it's scarce, from the place you found it to the place where it's not
found at all.



Take the iron ore of the Pilbara. There's plenty of it laying around in the
Pilbara. But the Pilbara is not in China. The ore is valuable in China
because China needs steel. The Australian companies that trade in iron ore
simply move it from where it's abundant to where it's scarce. For their
observation and their troubles they are entitled to a profit- having
identified a resource people want and a way to get it to them.



The other way to trade successfully is to add value to group of raw
materials by putting them together in a novel and useful way. It could be
fallow farmland you turn into corn or wheat, or opening a deli on a corner
near an office building full of hungry workers, or importing Buddhist prayer
flags made in China for the inner peace of white collar workers in
Melbourne. No matter what he does (except, perhaps, in financial services),
the entrepreneur must be the servant of the customer if he's going to make a
profit.



The division of labour makes for tremendous variety in the goods and
services you can buy. What you buy is up to you. But we should not be
ungrateful for the huge variety of choice we have, of the system that
produces that variety. Unless you view choice as a burden, what's the
complaint? Our only real complaint is that the sheer abundance of choice has
turned many people into consumers rather than producers, and thus the net
wealth of the culture is in decline.



But there is nothing wrong-practically or ethically-with the working
principles of capitalism. A good entrepreneur will look at any group of raw
materials and produce a whole that is greater than the sum of the parts.
Whether he applies his labour or his brain, he's providing the same service
to the economy... producing a good or service where none existed before.



The desire for some reward for his labour is natural and healthy.



It's not greed.



Without the incentive for profit, the variety of goods produced would
decline. This-among many other reasons related to the flaws of a command
economy-is why the shelves of grocery stores in Soviet Russia were bare.



And of course there is fraud and injustice in the free market. But you do
not eliminate fraud by eliminating profits.





Warmest Regards



B O N Z O



"It is a remarkable fact that despite the worldwide expenditure of perhaps
US$50 billion since 1990, and the efforts of tens of thousands of scientists
worldwide, no human climate signal has yet been detected that is distinct
from natural variation."

Bob Carter, Research Professor of Geology, James Cook University, Townsville



"A major problem has been the co-option of climate science by politics,
ambition, greed, and what seems to be a hereditary human need for a
righteous cause."

"What better cause than "saving" the planet, especially if one can get
ample, secure funding at the same time?"

William Happer, Cyrus Fogg Brackett Professor of Physics, Princeton
University.



"The claim is that the temperature has changed from ~288.0 to ~288.8ºK in
about 150 years, which, if true, means to me that the temperature has been
amazingly stable, and both human health and happiness have definitely
improved in this 'warming' period,".

Nobel Laureate Dr. Ivar Giaever:



"If climate has not "tipped" in over 4 billion years it's not going to tip
now due to mankind. The planet has a natural thermostat"

Richard S. Lindzen, Atmospheric Physicist, Professor of Meteorology MIT,
Former IPCC Lead Author



"A core problem is that science has given way to ideology. The scientific
method has been dispensed with, or abused, to serve the myth of man-made
global warming."

"The World Turned Upside Down", Melanie Phillips



"Computer models are built in an almost backwards fashion: The goal is to
show evidence of AGW, and the "scientists" go to work to produce such a
result. When even these models fail to show what advocates want, the data
and interpretations are "fudged" to bring about the desired result"

"The World Turned Upside Down", Melanie Phillips



"Ocean acidification looks suspiciously like a back-up plan by the
environmental pressure groups in case the climate fails to warm: another try
at condemning fossil fuels!"

http://www.rationaloptimist.com/blog/threat-ocean-acidification-greatly-exaggerated



Before attacking hypothetical problems, let us first solve the real problems
that threaten humanity. One single water pump at an equivalent cost of a
couple of solar panels can indeed spare hundreds of Sahel women the daily
journey to the spring and spare many infections and lives.

Martin De Vlieghere, philosopher



"All it takes to find oneself called a 'denier' is to seek a sense of
proportion about environmental problems"

Mark Lynas, The God Species