In response to:

Greed

rauljg69 Wrote: Oct 24, 2012 11:00 AM
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.
The Teleprompter Speaks Wrote: Oct 24, 2012 12:07 PM
The GINI index tells us otherwise. Rising income inequality in the USA is another liberal fallacy designed to separate more and more people from their property and their rights.
MJ117 Wrote: Oct 24, 2012 11:34 AM
Not exactly, though clearly the image of big corporate criminals being overwhelming to control is what may need figuring
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
MadisonWannabe Wrote: Oct 24, 2012 11:18 AM
What happens when more cake isn't being made????----------------------------------Perhaps more cake is not being made because it is being taken and given to those who will not work. If you work and take risk with only a possible loss there is no incentive to create. This may explain why companies and individuals are sitting on piles of cash. If you put it back into play the greedy liberal takers can latch onto it.
Joseph64 Wrote: Oct 24, 2012 11:15 AM
The cake hasn't been growing for 30 years? You are the one who is a crock. GDP in 1982 was 5.9 trillion. GDP in 2012 is 13.5 trillion. It hasn't been the poor who have been growing it in all that time, it has been the rich and the corporations.
MatthewlovesAyn Wrote: Oct 24, 2012 11:12 AM
Gee, that 30 years (really 40) doesn't happen to coincide with the formation of Johnson's great society, does it? That 's when government got really good at stealing peoples money!
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.
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...