92 lines
3.7 KiB
Plaintext
92 lines
3.7 KiB
Plaintext
From fork-admin@xent.com Mon Aug 26 22:49:05 2002
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<fork@xent.com>; 26 Aug 2002 21:03:51 -0000
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Subject: Re: The Curse of India's Socialism
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From: James Rogers <jamesr@best.com>
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To: fork@example.com
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In-Reply-To: <65C23A43-B488-11D6-B8E9-0030657C53EA@ianbell.com>
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Date: 26 Aug 2002 14:18:57 -0700
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tests=IN_REP_TO,KNOWN_MAILING_LIST,QUOTED_EMAIL_TEXT,REFERENCES,
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SPAM_PHRASE_01_02
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X-Spam-Level:
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On Tue, 2002-08-20 at 15:01, Ian Andrew Bell wrote:
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>
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> Yet, despite all of this intense regulation and paper pushing, as
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> well as regulatory scrutiny by the FTC, SEC, and IRS, the
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> executives of Telecom Companies have managed to bilk the investment
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> community for what looks to be tens of billions of dollars.
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This is a good thing. Getting hammered for stupid investments is likely
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to result in smarter investments in the future. Nobody is supposed to
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win all the time, particularly not people who don't do due diligence.
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"A fool and his money are soon parted" and all that. It isn't the job
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of the FTC/SEC/IRS/etc to make sure you invest your money wisely (and I
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have grave doubts that they could even if it was their job).
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> They
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> finished their routine with the a quadruple lutz -- laying off
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> hundreds of thousands of workers when it all came crashing down.
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So what? Nobody is guaranteed employment. Laying people off is not a
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crime nor is it immoral. Companies don't exist to provide employment,
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nor should they. The closest we have to such a thing in the US is a
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Government Job, and look at the quality THAT breeds.
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> So.. tell me again.. how are we better off?
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Perhaps it is just a matter of personal preference, but I'd rather not
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live in a "feed lot" society, thank-you-very-much.
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-James Rogers
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jamesr@best.com
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