Archive for October 21st, 2011

October 21, 2011

What has greed done for you lately?

Vodpod videos no longer available.

Dedicated to the Occupy Wall Street Protesters.

Donahue: When you see around the globe the mal-distribution of wealth, the desperate plight of millions of people in underdeveloped countries, when you see so few haves and so many have-nots, when you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism and whether greed’s a good idea to run on?

Friedman: Well, first of all, tell me is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course none of us are greedy; its only the other fellow who’s greedy.

The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear: that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

Donahue: But it seems to reward not virtue as much as ability to manipulate the system.

Friedman: And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think – excuse me, if you will pardon me – do you think American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout? Is it really true that political self interest is nobler somehow than economic self interest? You know I think you are taking a lot of things for granted. Just tell me where in the world you find these angels who are going to organize society for us? Well, I don’t even trust you to do that.

October 21, 2011

Gun & Knives Pulled at Obama-Endorsed Occupy Portland Protest After Black Man Called a N*gger

Posted by Jim Hoft on Friday, October 21, 2011, 4:21 PM

Don’t worry. The liberal media will sweep this violent racist episode under the rug in no time. A black man pulled a gun at the Occupy Portland protest and fellow protesters pulled knives during a filming incident after he was called a n*gger.

via The Gateway Pundit | Where Hope Made a Comeback.

October 21, 2011

Alec Baldwin – I think capitalism is worthwhile.

Vodpod videos no longer available.

By Jeffers M. Dodge 10-21-2011

While Alec Baldwin was strolling through ZOOcati Park he defending the banking system to the crowd.

“I don’t want the capital markets to be dismantled,” he said. “I think capitalism is worthwhile, and capitalism demands the flow of money.”

He said he thought the biggest problem is a toothless Securities and Exchange Commission, which is supposed to regulate the financial system.

“They don’t do anything. They are totally in the pocket of the banks!” Baldwin said.

“The banks are going to do what the banks do. And you want the banks to do what banks do. But when the banks [act] like they are a hockey player that starts throwing their elbow in your eye socket, you want the SEC to throw the flag. The SEC never throws the flag.”

The question is; will he defend it against the socialist tendencies of Barack Obama? Can he look through the haze of a mishmash of conflicting notions and beging to shed away the idea the compassion comes from the individual not from the government. Compassion is as much of an instinct as negative greed. John Lennon and Mick Jagger ended his journey with liberalism and now Steve Jobs started to see the light on the hill. Maybe the second age of enlightenment is on the verg  and Alec Baldwin is smart enough, open enough and caring enough to see exactly what our Founding Fathers had in mind when they separated from the King.

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