I have no special knowledge in economy but it seems that when people speak of free world or capitalism, there is a great confusion.
In the free world, economy is founded on normal competition. This means that I shall not be required to spend my money in the state stores where quality of products is not the main question. This means also that no gang will require the salespeople of a given domain to swell their prices.
Next to that, in the free world, speculation is authorized. It is a fully different thing and is not that which defines the free world nor capitalism. In fact, speculation is always strictly framed by laws against initiates' offense. The only, but real, advantage that society globally pulls from speculators is the production – as side effects – of informations about firms' health. A fair investor for profit must be aware of that and must avoid viewing speculation as a lottery, forgetting that, in a lottery, winners are necessarily few. World recent events showed the necessity of the remark.
P. M.
No comments:
Post a Comment