@Foxfyre,
foxfire wrote :
Quote: The fact remains that under a capitalistic free society, it is those very rich who take the risks
you might remember that far more "ordinary" people take far greater risks .
they take dangerous jobs in mines , on oil rigs , working as lumberjacks , pumping gas ... you name it . they often leave their families behind to do those jobs in remote areas . what happens to them when the lumbermill closes down (just as ONE example) : they lose their job and may have little chance of finding another one for quite some time .
what happens to the "very rich" in similar circumstances ? very few - if any - have invested all their money in a single enterprise that goes completely belly-up and makes them lose their house . even if they lose 90% of their wealth , they still have much more than the "ordinary" people ever dared dream of . they can still go on living a comfortable life .
i don't know of any "very rich" that have lost all and living in poverty .
btw the NY Times just had an article in saturday's edition reporting that many universities have seen their gifts etc. from the "very rich" shrink greatly .
it seems that those "very rich" are not quite as generous any more .
i have nothing against "capitalism" but think that "excesses" have sometimes the consequence of writing their own death-sentence (or at least judgement) .
imo "capitalism" means "responsible capitalism".
there are plenty of responsible capitalists , but it seems to me that over the last several years (perhaps even decades) the "irresponsible capitalists"have started to give capitalism a bad name - too bad imo .
there is nothing wrong with making money but "excess" (i'd call it greed) can never be good imo .
hbg
Quote: Medieval theologian Thomas Aquinas said of Greed: "it is a sin directly against one's neighbor, since
one man cannot over-abound in external riches, without another man lacking them...
it is a sin against God, just as all mortal sins, inasmuch as man contemns things eternal for the sake of temporal things."