XPost: alt.society.labor-unions, alt.politics.economics, misc.consumers   
   XPost: soc.retirement   
   From: mjlegel@mtco.com   
      
   "Scott and/or Janet Storm"  wrote in message   
   news:CR8Yb.43468$jk2.105303@attbi_s53...   
   >   
   >  wrote in message   
   > news:3q1230tjg248dci3tb4tpnlugj355ai44j@4ax.com...   
   > >   
   > > n Mon, 16 Feb 2004 15:01:24 GMT, "Scott and/or Janet Storm"   
   > >  wrote:   
   >   
   >   
   > > >Markets don't reason, idiot. People reason.   
   > > >   
   > > Aha, Scott and/or Janet (what an unusual name), you are wrong on that.   
   > > The absence of human irrationality is what makes the free market   
   > > rational.   
   > >   
   >   
   > Market forces, like other natural phenomenon are neither rational nor   
   > irrational. They can provide benefit to the people just as well as they   
   can   
   > reek havoc. But unlike other natural forces that are largely out of our   
   > control, market and economic forces are a direct image and reflection of   
   > human behavior. Therefore, unlike the weather, we as humans have the   
   > ability, and what's more the responsibility to steer those forces in the   
   > direction that provides the most benefit for the most people and causes   
   the   
   > least amount of harm.   
   >   
   > Any idiot who believes that "market forces" carry some inherent   
   benevolence   
   > is either stupid, or a liar. Adam smith would vomit on what passes for   
   > "comparative advantage" and "mutual benefit" in today's globalist fervor.   
   >   
      
   Thank you.  Someone who finally understands and better yet ... can explain!   
      
   And I would take your explanation one step further if I may:  Market forces   
   do not carry any inherent inevitability or predestined outcome.  Market   
   outcomes are a result of human behavior not of some inevitable result of   
   supply or demand.  WE can often (not always) decide the supply or the demand   
   if we so choose and the market will react to that choice.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)