tag:blogger.com,1999:blog-8358039.post5292161043375903686..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Updating the Factors of ProductionCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8358039.post-15596814271693436412012-05-24T11:55:47.938-07:002012-05-24T11:55:47.938-07:00I prefer your formulation, actually.
Not only is ...I prefer your formulation, actually.<br /><br />Not only is it pithier, I think it encapsulates the issue better than "Rule of Law," which requires further explication about the expectation that rule of law will continue.Orphanhttps://www.blogger.com/profile/15676965414376632002noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-64285948844597565382012-05-22T15:03:28.494-07:002012-05-22T15:03:28.494-07:00He's got to recreate the work because the info...He's got to recreate the work because the information is pretty actively suppressed.Angus McThaghttps://www.blogger.com/profile/09295013525738248801noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-56734652714430215312012-05-22T14:01:48.529-07:002012-05-22T14:01:48.529-07:00"Damnit, has every economist before me discov..."Damnit, has every economist before me discovered everything!<br /><br />Just once I'd like to come to a conclusion or observation that Rand, Friedman or somebody else hasn't done before me"<br /><br />Yer yet young,and recreating the thought processes of your elders independently. Chin up!<br /><br />Remember the phrase, "I see further because I stand on the shoulders of giants?"<br /><br />That could be you, young Economist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-86487309772766444792012-05-22T09:42:14.201-07:002012-05-22T09:42:14.201-07:00Cappy
I think you said it most clearly.
Yes ru...Cappy<br /><br />I think you said it most clearly. <br /><br />Yes rule of law or what the entrepreneur must hold within like hope, or permission from government are all correct.<br /><br />However I think in today's circumstances the distilling out and identification of the critical component that is required for an entrepreneur, nay a country, is brilliant.<br /><br />To explain to the sheeple about the need for rule of law or the idiotacy of permission takes 9 sentences which is eight sentences too many. I hate to give credit to a BS parade but the big O's 2008 campaign was effective and simple: "Hope".<br /><br />Romney would in one way be wise to say that there will be no future under Obama, but the crap he is going to inherit will make a mockery of what ever business skills he has.<br /><br />Thus Cappy's original trademark phrase of "enjoy the decline" rings so true. Could add a tail end - "there is no future".Joseph Williamsnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-29912098433759051952012-05-22T09:08:01.099-07:002012-05-22T09:08:01.099-07:00Damnit, has every economist before me discovered e...Damnit, has every economist before me discovered everything!<br /><br />Just once I'd like to come to a conclusion or observation that Rand, Friedman or somebody else hasn't done before me.Captain Capitalismhttps://www.blogger.com/profile/05620212946121617985noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-73152722159912468522012-05-22T08:11:00.561-07:002012-05-22T08:11:00.561-07:00Milton Friedman covered this under his discussions...Milton Friedman covered this under his discussions about the Rule of Law. In fact, without the Rule of Law, the other productive factors are moot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-2274641009759238232012-05-22T08:10:40.587-07:002012-05-22T08:10:40.587-07:00Milton Friedman covered this under his discussions...Milton Friedman covered this under his discussions about the Rule of Law. In fact, without the Rule of Law, the other productive factors are moot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-63549299657748553332012-05-22T05:09:44.213-07:002012-05-22T05:09:44.213-07:00I would have categorized this as it is hard to gam...I would have categorized this as it is hard to gamble when the rules are constantly changing... <br /><br />However, you raise a great point. The level of spending and the fact the Chinese now can buy treasuries direct pretty much etch in stone the collapse.<br /><br />The UK borrowed and borrowed money from US - in exchange the US demanded that the UK decommission much of its Navy. (how they really lost their empire.). <br />Ever wonder why we are now shrinking our Nuke arsenal by 70%?? Suppose China might have some influence in that??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-89975987422611987012012-05-21T20:05:04.736-07:002012-05-21T20:05:04.736-07:00No,not necessarily a future. More like *faith*. As...No,not necessarily a future. More like *faith*. As an entrepreneur I don't want a guarantee that I have a future so much as I have faith that the government will not tax or regulate me beyond my ability to overcome the drag it has on my productivity. <br /><br />Furthermore, I want faith that the government will not limit me in the support of someone who "knows someone" in power.<br /><br />As someone who is in the process of starting a business, I don't<br />want to know the future. I want to know that the law, including taxes, will remain constant. I also want to have confidence that other businesses are not gaming the system politically.<br /><br />So yes, the future matters. But more than that, faith that the law will remain constant, I will argue, matters more.Mr. Bhttps://www.blogger.com/profile/11922709713625073557noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-37203857276146159472012-05-21T13:45:48.778-07:002012-05-21T13:45:48.778-07:00You left off one other crucial factor of productio...You left off one other crucial factor of production: diversity.<br /><br />I kid of course, but with the way B-schools preach the need for workplace diversity, you'd think it'd be impossible to run a business without it.Simon Greyhttp://www.cygne-gris.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-38078673004831625292012-05-21T12:35:48.981-07:002012-05-21T12:35:48.981-07:00"A Future"? I don't think so.
The E..."A Future"? I don't think so.<br /><br />The Entrepreneur brings that with him, or makes it as he goes. Honestly, the sluggishness of the economy is because the entrepreneurs have already figured out what they would need to succeed:<br /><br />A permission slip.<br /><br />The disaster of TARP, of GM, Hell let's include Chrysler in the 80s, isn't whether the government foray into the private sector pays off, it's that it happened at all.<br /><br />An entrepreneur can calculate the costs, the margins, the risks and make a determination. He CAN'T figure on the actions and agendas of people unfettered by costs, or margins, or risks.<br /><br />So until the entrepreneur can know, KNOW, that the government will stay out of his field of business, he'll need a permission slip.Ecclesiasteshttps://www.blogger.com/profile/05698337181922184246noreply@blogger.com