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	<title>Comments on: Ayn Rand, Insensitivity, and Market Fundamentalism</title>
	<link>http://www.joeventures.com/archives/185</link>
	<description>Always on the move</description>
	<pubDate>Fri, 16 May 2008 03:43:45 +0000</pubDate>
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		<title>By: Rusty</title>
		<link>http://www.joeventures.com/archives/185#comment-78</link>
		<dc:creator>Rusty</dc:creator>
		<pubDate>Thu, 06 Jan 2005 06:38:20 +0000</pubDate>
		<guid>http://www.joeventures.com/archives/185#comment-78</guid>
		<description>I get so sick of the "free markets will solve everything" arguments. If you push either a capitalist or socialist system to its logical extreme, it collapses on itself.

All markets in pure a capitalist system would become either monopolies or oligopolies, with power distributed into the hands of just a few (the people who own those companies). The people eventually revolt...

Socialism is designed that way from the start, with the power in the hands of just a few (whomever is making the decisions of where resources are distributed). Of course, that's socialism in practice, because in theory it works more like anarchy. The people eventually revolt...

Regardless, the only system that's been proven to work is one where the forces of government power play tug-of-war with market powers.</description>
		<content:encoded><![CDATA[<p>I get so sick of the &#8220;free markets will solve everything&#8221; arguments. If you push either a capitalist or socialist system to its logical extreme, it collapses on itself.</p>
<p>All markets in pure a capitalist system would become either monopolies or oligopolies, with power distributed into the hands of just a few (the people who own those companies). The people eventually revolt&#8230;</p>
<p>Socialism is designed that way from the start, with the power in the hands of just a few (whomever is making the decisions of where resources are distributed). Of course, that&#8217;s socialism in practice, because in theory it works more like anarchy. The people eventually revolt&#8230;</p>
<p>Regardless, the only system that&#8217;s been proven to work is one where the forces of government power play tug-of-war with market powers.</p>
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		<title>By: Joe</title>
		<link>http://www.joeventures.com/archives/185#comment-77</link>
		<dc:creator>Joe</dc:creator>
		<pubDate>Mon, 03 Jan 2005 17:20:19 +0000</pubDate>
		<guid>http://www.joeventures.com/archives/185#comment-77</guid>
		<description>The "one set of people" you refer to is not really victimized. RMFs are whiny and insular: they claim to understand the nature of economic studies -- with private markets being a moral foundation, rather than an academic model, which is what it is -- while failing to understand the nature of &lt;a href="http://en.wikipedia.org/wiki/Public_good" rel="nofollow"&gt;public goods&lt;/a&gt;.

In this case, there is more than a simple bit of charity going on. One could argue from a market perspective that in our increasingly interconnected global private market, there is a greater need for political and economic stability (arguably, a public good) among trade partners. If President Bush were to refuse to provide any assistance to the affected region, would he stand a chance at having a Republican as a successor? Would our standing as a secure nation be enhanced or diminished?

Furthermore, as a poor, helpless victim of taxes, is there any meaningful impact on your tax burden?  The obvious answer to this last question: no. I may sound insensitive here to your plight, but your plight here is remarkably meaningless and empty outside the positive externalities that result from one of your tax dollars going toward emergency assistance.</description>
		<content:encoded><![CDATA[<p>The &#8220;one set of people&#8221; you refer to is not really victimized. RMFs are whiny and insular: they claim to understand the nature of economic studies &#8212; with private markets being a moral foundation, rather than an academic model, which is what it is &#8212; while failing to understand the nature of <a href="http://en.wikipedia.org/wiki/Public_good" rel="nofollow">public goods</a>.</p>
<p>In this case, there is more than a simple bit of charity going on. One could argue from a market perspective that in our increasingly interconnected global private market, there is a greater need for political and economic stability (arguably, a public good) among trade partners. If President Bush were to refuse to provide any assistance to the affected region, would he stand a chance at having a Republican as a successor? Would our standing as a secure nation be enhanced or diminished?</p>
<p>Furthermore, as a poor, helpless victim of taxes, is there any meaningful impact on your tax burden?  The obvious answer to this last question: no. I may sound insensitive here to your plight, but your plight here is remarkably meaningless and empty outside the positive externalities that result from one of your tax dollars going toward emergency assistance.</p>
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		<title>By: Justin</title>
		<link>http://www.joeventures.com/archives/185#comment-76</link>
		<dc:creator>Justin</dc:creator>
		<pubDate>Sun, 02 Jan 2005 21:55:39 +0000</pubDate>
		<guid>http://www.joeventures.com/archives/185#comment-76</guid>
		<description>I don't know. That sounded pretty insensitive to me.

Caution: radical market fundamentalists speaking here. I just don't get how you make the world more just by victimizing one set of people even as that helps another.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t know. That sounded pretty insensitive to me.</p>
<p>Caution: radical market fundamentalists speaking here. I just don&#8217;t get how you make the world more just by victimizing one set of people even as that helps another.</p>
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		<title>By: Joe</title>
		<link>http://www.joeventures.com/archives/185#comment-75</link>
		<dc:creator>Joe</dc:creator>
		<pubDate>Sun, 02 Jan 2005 01:53:44 +0000</pubDate>
		<guid>http://www.joeventures.com/archives/185#comment-75</guid>
		<description>Yes, I am. In choosing between insensitivity toward the needy and insensitivity toward a bunch of radical market fundamentalists, I know pretty well where my values stand.</description>
		<content:encoded><![CDATA[<p>Yes, I am. In choosing between insensitivity toward the needy and insensitivity toward a bunch of radical market fundamentalists, I know pretty well where my values stand.</p>
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		<title>By: Joh</title>
		<link>http://www.joeventures.com/archives/185#comment-74</link>
		<dc:creator>Joh</dc:creator>
		<pubDate>Sat, 01 Jan 2005 22:54:00 +0000</pubDate>
		<guid>http://www.joeventures.com/archives/185#comment-74</guid>
		<description>Aren't you being insensitive to those who would prefer to spend their money otherwise?</description>
		<content:encoded><![CDATA[<p>Aren&#8217;t you being insensitive to those who would prefer to spend their money otherwise?</p>
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