The things that make capitalism bad are not mainly that makes people into crooks, liars, and bandits, but that even in its normal operations, when there is no crookedness, it involves exploitation and oppression and injustice. Sorrt tos ound like an old-fashioned Marxist here, but the old fella got this one right: He painted the capitalist in no sense coleur de rose, but the real problem is that the capitalist is the bearer of certain social relationships, not that he's a bad guy or even that the relationshios encourage some capitalists to become bad guys.
jks
Bill Bartlett <billbartlett at dodo.com.au> wrote: andie nachgeborenen wrote:
>Actually, this is cheap cynicism that shows a mistaken grap of the
>nature of markets and business activities. Business runs mainly on
>trust and requires an fairly robust ethical standard. If it's all a
>cheat and and sham, then any market system would collapse in very
>short order.
This must be a sign that the building products market is on the verge of collapse:
http://www.abc.net.au/insidebusiness/content/2004/s1171396.htm
"...Three years ago, James Hardie redomiciled in the Netherlands, leaving behind the shell of its Australian holding company - James Hardie Industries Limited. It won court approval for the move after assuring that partly paid shares in the old holding company would provide a financial lifeline worth nearly $2 billion to asbestos victims. Then it cancelled the partly paid shares, leaving the foundation it established to pay claims facing possible insolvency. "
Bill Bartlett Bracknell Tas ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
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