On May 28, 2:56�pm, 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.

Communism is a failed doctrine. Only capitalism works because of
essential human greed and aquisativity. However ther need s to be
some serious controls. The ones that Regan and Bush took away.
But the stock market as it is today is nonsense. Also the idea of
"leveraging" and "hedge funds" All got to be stopped.





















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