From: Forrest Bishop (forrestb@ix.netcom.com)
Date: Mon Apr 08 2002 - 03:03:37 MDT
----- Original Message -----
From: Kai Becker <kmb@kai-m-becker.de>
To: <extropians@extropy.org>
Sent: Sunday, April 07, 2002 12:18 PM
Subject: Re: Terror Kids With Bombs - Clash of Civilization ...
More precisely a "Clash of Oligarchies".
> The problem is, that business entities only aim to maximize their monetary
> win.
Money is the non-productive medium of *exchange*, therefore a means and not and end in itself. A good (i.e. "capital") is exchanged
in the present for an expectation of a future good. That expectation is held over time as money.
The myth that businesses seek to maximize monetary gains appears to be an artifact of Socialist metaphysics. It bears little
relation to real life.
> This is perfectly okay, because that's what the investors (the
> capitalists) gave their money for.
> But it is also a positive feedback loop
> without any inbuild self-control regarding social aspects.
A business in a free market can only continue to exist if its clients want what it has to offer. The customers provide the measure
of the business' "social aspects" by voting with their wallets. Its competitors, by offering either lower prices or better quality,
provide the governance- for free.
And any system
> without a self-regulation, i.e. a negative feedback-factor, will finally
> end in a catastrophy.
Yes, and that is why socialist/statist empires and their fiat currencies always collapse. Something about being able to wave guns in
people's faces without any accountability causes the Statist to lose touch with reality.
-- Forrest Bishop Chairman, Institute of Atomic-Scale Engineering www.iase.cc
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