George wrote:

That would be all cute and nice except for all of the pirates in the
banking/investment sector who recently demonstrated what greed due to
lack of regulation can do.

1. Greed is good. The poor, for example, cannot contribute to charity.
2. It was social regulation that caused the financial sector failure. It
started with the Community Redevelopment Act under Carter, but the big
switch was thrown under Clinton in 1993 when loans to otherwise ineligible
borrowers were mandated by the government.

Aside from these two errors, your post is spot on.


And it is ironic that most of the people who need to "save money at
walmart" need to do so because walmart was a major player in the loss
of their previous good jobs because they demanded lower and lower
prices from their suppliers causing most to go off shore.

Sigh. Adam Smith settled this hash in 1776 with the publication of "The
Wealth of Nations." In a nutshell, nations and their people should do what
they do best and not try to protect inefficient jobs or industries. When
that happens, everybody prospers.

You really should try to keep up.