AIG Bonuses

[Rich-n-Texas]

Capitalism IS a great idea. The trick is for adequate regulation to ensure that the system is working correctly. I don't think that you could argue the great nation of North Korea is doing fantastic. They would be the anti-thesis of capitalism.

And therein lies the problem. The regulators (congress) are just as greedy and power hungry as the dirty bastard CEO's in this country. Maybe it IS a good idea, but it ain't working from my POV.

[Feanor]

And therein lies the problem. The regulators (congress) are just as greedy and power hungry as the dirty bastard CEO's in this country. Maybe it IS a good idea, but it ain't working from my POV.

Rich, this is the concept "checks & balances" enshired in the Constitution of the good ol' US of A. Gotta love that, eh?

You set one bunch of dirty, greedy, power-hunger bastards to watch the other bunch of dirty, greedy, power-hunger bastards -- and hope that it's better than leaving to just one bunch of bastards in complete control.

[GMichael]

Rich, this is the concept "checks & balances" enshired in the Constitution of the good ol' US of A. Gotta love that, eh?

You set one bunch of dirty, greedy, power-hunger bastards to watch the other bunch of dirty, greedy, power-hunger bastards -- and hope that it's better than leaving to just one bunch of bastards in complete control.

That only works if group 1 doesn't make deals with group 2, or group 3 (known as CEO's of dirty, greedy, power-hunger bastards-R-us)

[Groundbeef]

And therein lies the problem. The regulators (congress) are just as greedy and power hungry as the dirty bastard CEO's in this country. Maybe it IS a good idea, but it ain't working from my POV.

Well, sour grapes aside, I would encourage you to step out of your windowless basement and take a look outside.

Warts and all, I would argue the top 2/3 of North America (USA, and Canada) have done quite well with capitalism. We are not perfect but the system in place allows us to constantly innovate and grow.

Check out other countries that don't allow the innovations and free market freedoms that we do. I wasn't kidding about North Korea. That system is pretty closed off, and "regulated". Doesn't appear that they are faring to well.

We don't live in a Utopia, nor should we pretend that it is the goal. I think that we as Americans are pretty good at b1tching, and profiting from the system at the same time. When we regulate we are "choking" innovation. However, if we remove constraints we complain that business has "free reign" over our lives in terms of pricing, supply, etc.

I am all for free markets. And I'm not so cynical to think that every gov't agency/employee is a "dirty, greedy, power-hunger bastard". No more than all employees for IT companies are nerdy dorks who can't get laid.

[GMichael]

Well, sour grapes aside, I would encourage you to step out of your windowless basement and take a look outside.

Warts and all, I would argue the top 2/3 of North America (USA, and Canada) have done quite well with capitalism. We are not perfect but the system in place allows us to constantly innovate and grow.

Check out other countries that don't allow the innovations and free market freedoms that we do. I wasn't kidding about North Korea. That system is pretty closed off, and "regulated". Doesn't appear that they are faring to well.

We don't live in a Utopia, nor should we pretend that it is the goal. I think that we as Americans are pretty good at b1tching, and profiting from the system at the same time. When we regulate we are "choking" innovation. However, if we remove constraints we complain that business has "free reign" over our lives in terms of pricing, supply, etc.

I am all for free markets. And I'm not so cynical to think that every gov't agency/employee is a "dirty, greedy, power-hunger bastard". No more than all employees for IT companies are nerdy dorks who can't get laid.:arf:

Low blow right to the kahonas.

[Groundbeef]

Low blow right to the kahonas.

I perfer to think of it as "Game, Set, Match" to Beefy. Again.

[Rich-n-Texas]

Well, sour grapes aside, I would encourage you to step out of your windowless basement and take a look outside.

You'll rarely find a house in Texas with a basement. At least not in North Texas.

Warts and all, I would argue the top 2/3 of North America (USA, and Canada) have done quite well with capitalism. We are not perfect but the system in place allows us to constantly innovate and grow.

Check out other countries that don't allow the innovations and free market freedoms that we do. I wasn't kidding about North Korea. That system is pretty closed off, and "regulated". Doesn't appear that they are faring to well.

We don't live in a Utopia, nor should we pretend that it is the goal. I think that we as Americans are pretty good at b1tching, and profiting from the system at the same time. When we regulate we are "choking" innovation. However, if we remove constraints we complain that business has "free reign" over our lives in terms of pricing, supply, etc.

I am all for free markets. And I'm not so cynical to think that every gov't agency/employee is a "dirty, greedy, power-hunger bastard". No more than all employees for IT companies are nerdy dorks who can't get laid.

Good thing I'm not in IT. OTOH, "Chuck" doesn't seem to be doing too bad for himself.

I don't agree with many of tennets of Capitalism, but I accept it as the most logical alternative to the other forms, of which some have failed.