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Craigskeet Wrote: Nov 13, 2012 8:49 PM
Look, nimh1, the more money a company makes, the quicker a competitor will jump in and force prices down, to the benefit of all consumers, especially those out of work who cannot afford high-priced goods. And, those competitors will hire people who don't have jobs!!! Outsourcing is a risky business, by the way--ask companies who are bringing back jobs from China and Mexico.
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On TV, my Fox colleague Bill O'Reilly says, "The recession was brought on largely by greedy Wall Street corporations."
Give me a break.
Bill's smart. If he believes such things, we who care about freedom have done a poor job communicating economics.
Blaming problems on "greed" is a mindless cliche.
Yes, Wall Street was greedy -- but that's nothing new. Greed is a constant. Did you ever turn down a raise? We need a free market because it restrains greed. Laws against theft and fraud help, but competition does more. With this election approaching, and statist, eager-to-regulate candidates in ascent, we...
Greed