A Very Interesting Video...

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A Very Interesting Video...

Post by PaulM on Tue Jul 07, 2009 3:26 am

As old as this video is it is still interesting...



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Re: A Very Interesting Video...

Post by DM007 on Tue Jul 07, 2009 3:43 am

About what?

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Re: A Very Interesting Video...

Post by PaulM on Tue Jul 07, 2009 3:56 am

DM007 wrote:About what?

In your case, obviously about nothing.
(deja vu?)

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Re: A Very Interesting Video...

Post by DM007 on Tue Jul 07, 2009 4:03 am

I saw the sheep response at the other site, and though I'd poke at ya. How'd I do? Hehe.

Good video find. Really. Some things will never change, no matter how we wish it, or who we follow. (deja vu?)

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Re: A Very Interesting Video...

Post by Theophilus on Tue Jul 07, 2009 4:04 am

I agree though Milton simplifies things too much. If we had nothing but honest people, with the best interests of bettering mankind wired into their DNA. I guess things would be fine. Would things be great if this was the case, or would we all just be bored. I think being competitive is what really drives us. It is the greedy who carry things too far.

He says just let the free market take care of it. Meaning no regulation of anything.

Oh I don't know things like slavery, child labour, come to mind.

Or how about lackluster safety in coal mines until people die. I can only imagine those meetings. Owners, and management would meet, and say.

So considering the fines are so low for our safety violations, and we are making so much revenue by violating the safety regulations.

What do you feel is the best course of action. Should we keep mining they way we are? Is it cheaper to pay the law suites that will come if people die? Or is the most profitable way doing it the way we are doing?

Can we cover the lawsuits and still make a great profit?

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Re: A Very Interesting Video...

Post by Old Timer on Tue Jul 07, 2009 10:49 am

PaulM wrote:As old as this video is it is still interesting...



Yep it is interesting and truthful

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Re: A Very Interesting Video...

Post by PaulM on Tue Jul 07, 2009 10:51 am

Theophilus wrote:I agree though Milton simplifies things too much. If we had nothing but honest people, with the best interests of bettering mankind wired into their DNA. I guess things would be fine. Would things be great if this was the case, or would we all just be bored. I think being competitive is what really drives us. It is the greedy who carry things too far.

He says just let the free market take care of it. Meaning no regulation of anything.

Oh I don't know things like slavery, child labour, come to mind.

Or how about lackluster safety in coal mines until people die. I can only imagine those meetings. Owners, and management would meet, and say.

So considering the fines are so low for our safety violations, and we are making so much revenue by violating the safety regulations.

What do you feel is the best course of action. Should we keep mining they way we are? Is it cheaper to pay the law suites that will come if people die? Or is the most profitable way doing it the way we are doing?

Can we cover the lawsuits and still make a great profit?
Of course you can't sumarize a whole economic philosophy into a 2 minute video & I'm sure there is much more to this interview that we may not agree with. However, the message that a 'clamping down' on a free market system coupled with excessive government regulation, similar to a socialist type of state, would do more harm in the long run to people than good comes across very well. Donahue was well known during his time (1970's) as a staunch liberal.

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Re: A Very Interesting Video...

Post by Old Timer on Tue Jul 07, 2009 11:19 am

PaulM wrote:
Theophilus wrote:I agree though Milton simplifies things too much. If we had nothing but honest people, with the best interests of bettering mankind wired into their DNA. I guess things would be fine. Would things be great if this was the case, or would we all just be bored. I think being competitive is what really drives us. It is the greedy who carry things too far.

He says just let the free market take care of it. Meaning no regulation of anything.

Oh I don't know things like slavery, child labour, come to mind.

Or how about lackluster safety in coal mines until people die. I can only imagine those meetings. Owners, and management would meet, and say.

So considering the fines are so low for our safety violations, and we are making so much revenue by violating the safety regulations.

What do you feel is the best course of action. Should we keep mining they way we are? Is it cheaper to pay the law suites that will come if people die? Or is the most profitable way doing it the way we are doing?

Can we cover the lawsuits and still make a great profit?
Of course you can't sumarize a whole economic philosophy into a 2 minute video & I'm sure there is much more to this interview that we may not agree with. However, the message that a 'clamping down' on a free market system coupled with excessive government regulation, similar to a socialist type of state, would do more harm in the long run to people than good comes across very well. Donahue was well known during his time (1970's) as a staunch liberal.

And we can hold these truths to be self evident that the rich always get richer, the poor always get screwed and the middle class always has to pay for all of it.

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Re: A Very Interesting Video...

Post by Peregrine(Endangered) on Tue Jul 07, 2009 11:36 am

My sheepie response was "the meek shall never inherit the earth"
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Re: A Very Interesting Video...

Post by Theophilus on Thu Jul 09, 2009 3:12 am

Old Timer wrote:
PaulM wrote:
Theophilus wrote:I agree though Milton simplifies things too much. If we had nothing but honest people, with the best interests of bettering mankind wired into their DNA. I guess things would be fine. Would things be great if this was the case, or would we all just be bored. I think being competitive is what really drives us. It is the greedy who carry things too far.

He says just let the free market take care of it. Meaning no regulation of anything.

Oh I don't know things like slavery, child labour, come to mind.

Or how about lackluster safety in coal mines until people die. I can only imagine those meetings. Owners, and management would meet, and say.

So considering the fines are so low for our safety violations, and we are making so much revenue by violating the safety regulations.

What do you feel is the best course of action. Should we keep mining they way we are? Is it cheaper to pay the law suites that will come if people die? Or is the most profitable way doing it the way we are doing?

Can we cover the lawsuits and still make a great profit?
Of course you can't sumarize a whole economic philosophy into a 2 minute video & I'm sure there is much more to this interview that we may not agree with. However, the message that a 'clamping down' on a free market system coupled with excessive government regulation, similar to a socialist type of state, would do more harm in the long run to people than good comes across very well. Donahue was well known during his time (1970's) as a staunch liberal.

And we can hold these truths to be self evident that the rich always get richer, the poor always get screwed and the middle class always has to pay for all of it.

Well I for one agree with you on this.

Though I am sure you see the middle class is disappearing.

What do we do now?

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Re: A Very Interesting Video...

Post by Theophilus on Thu Jul 09, 2009 3:16 am

PaulM wrote:
Theophilus wrote:I agree though Milton simplifies things too much. If we had nothing but honest people, with the best interests of bettering mankind wired into their DNA. I guess things would be fine. Would things be great if this was the case, or would we all just be bored. I think being competitive is what really drives us. It is the greedy who carry things too far.

He says just let the free market take care of it. Meaning no regulation of anything.

Oh I don't know things like slavery, child labour, come to mind.

Or how about lackluster safety in coal mines until people die. I can only imagine those meetings. Owners, and management would meet, and say.

So considering the fines are so low for our safety violations, and we are making so much revenue by violating the safety regulations.

What do you feel is the best course of action. Should we keep mining they way we are? Is it cheaper to pay the law suites that will come if people die? Or is the most profitable way doing it the way we are doing?

Can we cover the lawsuits and still make a great profit?
Of course you can't sumarize a whole economic philosophy into a 2 minute video & I'm sure there is much more to this interview that we may not agree with. However, the message that a 'clamping down' on a free market system coupled with excessive government regulation, similar to a socialist type of state, would do more harm in the long run to people than good comes across very well. Donahue was well known during his time (1970's) as a staunch liberal.

I am well aware.

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