Subject:
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Re: Libitarian guff (Was: Re: Art Debate Was: [Re: Swearing?])
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Tue, 11 Jan 2000 07:04:09 GMT
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Viewed:
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2383 times
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<Fo1y8z.Mr9@lugnet.com> <38781DD3.4545ED6B@voyager.net>
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Larry Pieniazek wrote:
> Frank Filz wrote:
> > Wild thought which I have not investigated: are their people who came out of
> > the market crash of 1929 ahead because instead of investing their money in
> > the play money of stocks, invested it in workers and production?
>
> I know for a fact that this is the case. The crash was a chance (just as
> any bankruptcy is a chance) for people who were better at managing
> resources to displace those who were merely riding atop a bubble
> fostered by government.
Fostered by government? If so, only fostered by the government's complicity with
the banking/savings and loan industry--the latter especially needs supervision
from outside the private sector (S&L scandals, anyone?). The major problem was
caused by uncontrolled speculation that *private bank policies* ultimately
allowed. When they only asked that an investor put down 5% to 10% of the funds
and the bank provided the rest for a hefty fee/interest rate, who was going to
turn them down in an era of seemingly endless, market-driven prosperity?
Often those who were better at managing resources were people who had plenty of
resources to begin with--often people who had never even speculated on the market,
but worked in factories all day just to make ends meet, were the biggest losers.
Government didn't cause that, and the private sector didn't have the unity
necessary to repair it.
best,
Lindsay
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Message has 2 Replies:
Message is in Reply To:
 | | Re: Art Debate Was: [Re: Swearing?]
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| (...) Fair enough, but I still disagree :) I would say that a worthy artist is one who produces worthy art. I would also suggest that the requirement of any form of suffering or willingness to suffer, on behalf of the artist, is an intellectual one (...) (25 years ago, 7-Jan-00, to lugnet.off-topic.debate)
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