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View Diary: Crumbs much too small for the other Whos' mouses (199 comments)

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  •  It's the premise of ONE interpretation and model (2+ / 0-)

    of capitalism, that the evidence clearly rejects as self-evidently ridiculous. The idea that ANY complex artificial system or device can regulate itself is simply ludicrous. Sports have to have rules and referees to succeed. Farms have to be managed to thrive. Cars have all sorts of complex regulatory devices and systems that allow its primary devices and systems to function properly, e.g. lubrication and cooling systems, and both have to be regularly maintained and properly treated to function. And so on. Economies are vastly more complex than any of these, and thus clearly need regulation and oversight.

    People who claim otherwise--which the diarist did not--are simply not serious people, and don't know what they're talking about.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun Dec 16, 2012 at 08:34:08 AM PST

    [ Parent ]

    •  it is the ESSENCE of capitalism... (0+ / 0-)

      ...that the system will, in and of itself, result in a form of self-regulation. It is the very core of the entire capitalistic belief system. And it has been proven false...again and again and again.

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