tag:blogger.com,1999:blog-27814865.post2144519870934370225..comments2023-07-19T09:35:50.843-05:00Comments on The Morality War: Two liarsRobhttp://www.blogger.com/profile/14081336591414529365noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27814865.post-55401313323850781022008-10-09T21:25:00.000-05:002008-10-09T21:25:00.000-05:00Ernesto - What is a non-stunted understanding of h...Ernesto - What is a non-stunted understanding of human nature? To blame the crisis on deregulation is to assume that leaders of banks and hedge funds have no desire to be rational managers who know that the best way to achieve profits is by voluntary trade to mutual benefit.<BR/><BR/>What good is there in pragmatism? Pragmatism is the rejection of principles, which is why I reject it on principle. Mixed Capitalism? If you're referring to a mixture of freedom and controls, that's what we have now, and the freedom part is fading fast under the weight of all those controls - and the morality that motivates them.<BR/><BR/>What we need is complete laissez-faire Capitalism uncompromised by any controls AND a morality of rational self-interest to defend it!Robhttps://www.blogger.com/profile/14081336591414529365noreply@blogger.comtag:blogger.com,1999:blog-27814865.post-78125702218845695362008-10-09T10:59:00.000-05:002008-10-09T10:59:00.000-05:00Actually, the problem has to do with the banks not...Actually, the problem has to do with the banks not trusting each other. Why? Not because of the mortgage crisis, which set off the problem that was put into place by Credit Default Swap market a 62 trillion dollars market, which has no regulation. Basically it became a Ponzi scheme that has started to meltdown, taking the whole world economy with it. Now because there has been no oversight between the banks, Banks, Hedge Funds are falling like dead flies. We should have learned from the Great Depression that we can't allow speculation by our banking system. A lesson we will again have to learn. Socialism and Capitalism suffer from the same problem, a very stunted understanding of human nature. That is why a best system is the good of American Pragmatism and Mixed Capitalism.Anonymousnoreply@blogger.com