[Gllug] VACANCY: Junior Systems Support

[Hari Sekhon]

Lesley wrote:
> On Wed, Sep 09, 2009 at 07:49:56PM +0100, Christopher Hunter wrote:
>   
>> I'll give you a clue:  communism was tried and has entirely failed.
>> Socialism has been tried and has entirely failed.  Each presupposes a
>> fundamental lack of greed and a basic generosity of spirit.  Hah!  What
>> nonsense!
>>
>>     
> and capitalism has been tried time and time again ... and failed too.
>   
Not entirely true, it's worked dramatically better than communism 
overall which means it's closer to the right path that we have so far 
been able to determine.

Hayek capitalist economics which we have been following in recent 
decades has now been shown to have a couple of holes in terms of 
stability due to the unregulated exploitation by a few key players who 
rolled the dice to try to achieve higher personal wealth, taking higher 
risks of course (likely some of them knew this wouldn't pan out but 
figured they'd get rich, take their money and run...).

The current economic wisdom is that a capitalist system with some 
regulation to prevent naughty players from sending the system into a 
spin is what's needed.

-h

-- 
Hari Sekhon
http://www.linkedin.com/in/harisekhon

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