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2009-03-19 Home Front Economy

Jonah Goldberg: the "anything goes" mentality

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Posted by Mike 2009-03-19 12:39|| || Front Page|| [1 views ] Top

#1 "Anything goes" in business involves risks undertaken knowingly and willingly, with gains or losses in prospect. So long as there's no fraud and there is sufficient transparency, "anything goes" is just the aggressive edge of the business spectrum - ya know, the one that historically produced marginal little things like petroleum from all over the world, airline transportation, personal computers, ......

So even the small camel's nose of Goldberg's distaste for high-stakes business under the tent helps lead to the disgraceful "populist" idiocy-fest with which the country has now further beclowned itself (following the November debacle). Question of degree.

Executive compensation and "anything goes" business practices, so long as they are legal, are not Goldberg's business, should he choose not to make it his business by investing, borrowing, or working in some relation to them. People - even non-idiots who basically understand freedom and economics - have to get over their bigotry and envy. If you wanna make a killing, go into a line of work where that can happen. Otherwise, shut up.

And what's the big deal about shredding the Constitution and dispensing with rule of law? A single SCOTUS justice can reassign roles and prerogatives of the branches of government ("lessee, I'm gonna take the treaty power from the executive, with advise and consent of the Senate, and just assign it to myself - yeah, that's the ticket!"), and the Beltway elites can abitrarily declare whole sections of basic law null and void (immigration) - so bills of attainder and de facto elimination of state govt. as in the porkulus bill should be considered routine.

Posted by Verlaine 2009-03-19 16:18|| 2009-03-19 16:18|| Front Page Top

#2 "Anything goes" in business involves risks undertaken knowingly and willingly, with gains or losses in prospect. So long as there's no fraud and there is sufficient transparency
------You lost me at knowingly, willingly, no fraud & sufficient transparency.

Posted by Anguper Hupomosing9418 2009-03-19 19:20|| 2009-03-19 19:20|| Front Page Top

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