- Capitalism and Alternatives -

On independance and others spent breath

Posted by: Gee ( si ) on April 14, 1999 at 16:51:56:

In Reply to: And her... posted by Red Deathy on April 14, 1999 at 14:53:24:

: Indeed, but they are no longer the earth shattering social-recreating force they once were

That is because as a proportion of gobal wealth even a Bill Gates does not stand as radically and uniquely apart as, say, a Vanderbilt or Carnegie did.

: its just a rotation of personel.

It isnt, there is a long line of "if I'd been where he was at that time ui'd have been a millionaire too" wannabes, but the rare qualities of the self made millionares are not readily interchangable.

: Also, a lot of those new millionaires are in developing technologies, or communications, etc. (More than a few pop stars in that list).

The pop stars are a sign that wealth must indeed be great, if that many unworking teenagers can make the spice girls wealthy with their pocket money then we must be well off! Thew technologies represent new wealth. A 100kg of steel used in modern computers achieves more than 100kg of steel used in a calculators of the 60s.

: For most, the sensible advancement is through the dominant established firms- the ones that have the most impact in the market.

The top 100 companies on the NYSE or FTSE dont constitute a majority of the wealth held by companies. Individually they are incredably rich, taken in context they are big fish in a huge pond.

: The stagnancy can be seen in the rediculous over-valuation of internet firms

Thats wild and hopeful speculation in the hope of getting in on the start of what is becoming a huge new market. Its underlying value does not justify the stock valu, buts its future value may certainly justify the 'gamble' of the gold rush specualtion on net shares, despite the various corrections it will go through.

Infact stock correction, like house price corrections, are not disasters. They bring the cost of obtaining property down, and this allows new investors in.

: Indeed, and I don't advocate such, you may have noticed me using the word 'co-operative' a few times du temp au temps...

Co operation cannot mean some men deciding that some other men can or cannot undertake an action based upon opinion. If any rights are to be obseved in human interraction they must be clearly understood, enforcable and based upon mans nature as individual. Co operation is better expressed by that deeply hated exchange between business owner and employee than my the 'collective' opinion of 100 villagers ranged against the intent of 10 villagers.

: But you're not indepednant, you don't stop at your body, other's water and air passes through you

This breathing eachothers spent breath is irrelavent. It does not consitute a claim on others.

: You get your values from the world around you

All interaction with others gives others no claim on me, and me no claim upon them.

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