[MD] Commie Talk and USA bashing?
craigerb at comcast.net
craigerb at comcast.net
Wed Oct 8 19:31:41 PDT 2008
"Inequality of wealth and incomes is an essential feature of the market
economy. It is the implement that makes the consumers supreme in giving
them the power to force all those engaged in production to comply with their
orders. It forces all those engaged in production to the utmost exertion in
the service of the consumers. It makes competition work. He who best
serves the consumers profits most and accumulates riches."
-- [Ludwig von Mises: "Ideas on Liberty", May 1955]
Strictly speaking it is not "inequality of wealth and income" that has this
effect, but difference in choices.
[Chris]
> we see today what a destructive force the hunger for profit
The destructive force is greed, not profit. The profit motive (getting more
out of an endeavor than you put in) is ubiquitous. We wouldn't eat if it
didn't result in more calories than were used up.
Craig
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