On May 28, 8:56*am, Peter wrote:
On 5/28/2010 1:32 AM, harry wrote:



Wealth cannot be created in the stock market. *The purpose of the
stock market should be purely the finance of industry.
Wealth can only be created by work. Ie, manufacturing, construction,
mining etc. * The idea that wealth is created by a few electronic
keystrokes is stupid.
A bit of paper cannot be made to be worth more. If it is, the money it
is valued in just becomes worth less.
Wealth is not created in banks. *it's created by the "blue collar"
workers. * The sooner we get ay from this idea that wealth can somehow
be conjured up out of nothing, the sooner we will have a stable
economy.

Harry, it sounds as though you and I are both Marxists at heart! *However, I
believe both from my personal experience and knowledge of history that pure
socialism is entirely unworkable because it is human nature to require
incentives. *I suspect that the ideal economic system is some blend of socialism
and free-market capitalism. *The problem, yet unsolved, is configuring the best
blend.


"The problem with socialism is that eventually you run out of other
people's money [to spend]"

Maggie Thatcher

The UK can use Maggie right about now, loved that gal.