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Vanguard
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Monster Island
Apr 1999 time: 05:17
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quote: A good example of my thoughts on this are the diamond trade. How ironic is it that that it takes the lives of about 5 or 6 children for a man to give a woman an engagement ring to symbolize their love |
5 or 6 children? Each? So that means, like, what? 50 or 60 million children die in the diamond mines each year? How horrible. And how utterly, utterly, utterly unbelievable. What do they do, fill the mines in with the bodies?
This discussion has passed my irrationality limit. And my limit isn't all that low either.
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The Eliminator
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Eliminatorville
Nov 2001 time: 23:17
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Who is to say that a diamond isn't worth a life? I want a diamond studded Rolex, and if a million people die to get those stones out of the ground, what do I care? Seriously. This is where religion, other people's "ethics," and other people's "morals" interfere with my own utility - which is totally unacceptable.
Read a book or something, just quit coming up with boring red herrings.
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Roland
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Auf'm Jahrmarkt :(
May 1999 time: 06:17
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Vanguard:
"But this is self-contradictory. If markets automatically adjust prices for information unreliability, then why didn't the market do so here?"
Because they considered the info to be reliable. It's a matter of misplaced trust. And while Enron claims "it did nothing illegal", I think that most of what they did was pure and simple fraud.
As for government oversight, I'd tend to be in favour of it in principle as it can reduce information/transaction cost - if the system works, which currently is not the case.
Wraith:
"Although if I'm remembering correctly, a corporation does require a government charter to exist"
But under natural law, if some people chose to associate, wouldn't they then be associated ?
"However, the current limited-liability laws on corporations is disturbing to me."
Ah, that's a separate issue. If I had to take a libertarian stance on this: Perfectly fine for voluntary contracts (creditors, suppliers etc), not for torts etc.
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Vanguard
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Monster Island
Apr 1999 time: 05:17
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I suppose there could be some "threshold of government guaranteed trust" at work in the market. I don't know. I punt.
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Wraith
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Austin, Texas, USA
Aug 1999 time: 23:17
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--"The failure of the majority of slave revolts to work"
The trick is in the timing...
The American people haven't been disarmed yet, like most slaves are. We're starting from better odds than most, thanks to the founders of the country.
As it stands, I'm starting to get more active in politics. The Libertarian Party is the only chance we've got for a peaceful revolution right now.
--"The inherent immorality is that liberty and property in these cases cause tremendous loss of life,"
It isn't liberty or property that are causing the loss of life, it is some people's disregard for both the liberty and property of others that is the problem.
--"But under natural law, if some people chose to associate, wouldn't they then be associated ?"
As far as I'm concerned, yes, but the government doesn't seem to agree.
--"Perfectly fine for voluntary contracts (creditors, suppliers etc), not for torts etc."
That sounds much better. Of course, the ABA is pretty much running the government, so how likely is that?
Wraith
"It's all about the bling bling"
-- Saito ("Rurouni Kenshin" dub outtakes)
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Bird
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South Orange, New Jersey
Jan 1970 time: 00:17
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Adam S is right. ATLA is very active both at the state and federal levels. Don't get me started......
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