Where has this SOB been all this time?
Not one observation out of place, and all stuff that almost nobody in this country, or any imagined free-market economy, ever talks about (except me, but do you listen?) because we're steeped in the sermons of the laissez-faire.
This is not about implementing Marxism, which I knew in school had naive implementation issues; it's about recognizing that Marx's predictions of the self-destructive nature of capitalism are essentially true, and that capitalism's blinkered, ignorant, solipsistic implementation issues are getting out of control before our eyes. There's no need for a command economy, but refusing to put guardrails on the dangerous curves of a self-organizing economy is a repudiation of our self-proclaimed status as intelligent beings.
And yes this is on-topic, because this company is critically dependent on maintaining economic stability within a wide but bounded range. Go outside that range, and it crashes. Overcontrol it, and the company becomes moot.
Solipsistic?!?! What a mooncalf! You mistake greed for capitalism. The only thing destroying capitalism is snollygostering bureaucrats that derail capitalism for " the public good". Grantham is a fool. This is over 30 years old but you need an education sonny boy so you'd be wise to watch and listen. http://dauckster.posterous.com/a-31-year-old-video-clip-absolutely-worth-you
Granthan states that capaitalizm is better then all other systems in nearly all aspects, so he certainly did nail it! So it begs the question of why would anyone want to move toward a more flawed system? To often we see a flaw in a system and want to implement a whole new system (i.e., revolution) when what is real solution is to fix the flaws (i.e., evolution). Capitalism has and will continue to evolve -- that is the power of it!
Greed is defined as "an excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth". Now who amoung us doesn't *desire* more then what we already have and thus clearly more then what we *need*? Does that make everyone greedy? If someone earned something, can we say they deserved it -- or if not earned, didn't deserve it and thus is greed? And if so, are those who *desire* entitlements which have clearly not been earned, greedy? Well, I'm sure we know greed when we see it so is all just food for thought ... what I really wanted to arive at is that is to agree that capitalism is not greed, there are two totally independant creatures.
The only thing destroying capitalism is that it absolutely does not care when people are thrown out of it, because they have no money and no way to earn money, and people with no money and no way to earn money are of no matter to capitalism.
When only one person owns everything, captialism will have reached its natural end.
And then he'll say the rest of us must call him "King," and it will start all over again.
(Hint, that's a parable; in fact, he only has to have half of everything to win.)
GREAT ARTICLES......my thoughts run along similar lines, as a scientist, i think he has summarized our situation very well, and what the f is going on in the political arena all mixed up with religion, cronys and greed of unending measure
You are right i think, and thanks for bringing this material to my attention...Makes me feel good that other souls on the planets are in tune ........CHICO