What a crock of oversimplification. What happens when more cake isn't being made???? Then greed leads to taking more of the slices. ANd who's getting the bigger and bigger slices???? That;s America for the past 30 years. The size of the cake is not growing and the size of the slices of the cake keep getting bigger for the fewer elite and we the middle class have smaller and smaller pieces of the cake. That's today's GOP capitalism with the fancy financial sector investment economy.
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...
I agree with Stossel on the potency of markets where consumers are fully informed & able to choose between alternatives of significant difference
but clearly the idea that govt are the 'controllers' is in need of revision
It used to be thought that bigger govt was needed to control criminally outrageous corporate abuses, but what we have found out (Stossel too) is that bigger govt is just impossible for US CITIZENS TO CONTROL
So corporate criminals have taken over the government AND the big parties (Dem/GOP) so citizens barely know what's going on & have no real choices
Vote Libertarian & save our internet & we'll thrive
Every time a piece of rock (ore) gets pulled out of the ground and turned into an automobile or a toaster or a computer, the pie gets a little bigger. More stuff is always getting made. The problem arises when I make stuff and the government steals it and gives it to people who don't make stuff.