roundtable: Re: Capital accumulation, resentment, etc.

roundtable: Re: Capital accumulation, resentment, etc.

Re: Capital accumulation, resentment, etc.

Doug Henwood (dhenwood@panix.com)
Wed, 18 Jan 1995 13:27:44 -0500 

Message-Id: <v01510103ab42ea29a1c8@[166.84.250.86]>
Date: Wed, 18 Jan 1995 13:27:44 -0500
To: roundtable@cni.org
From: dhenwood@panix.com (Doug Henwood)
Subject: Re: Capital accumulation, resentment, etc.


Gosh - don't people recognize irony anymore?  I don't believe a word 
of what I said.

Doug Henwood
[dhenwood@panix.com]
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
212-874-4020 voice
212-874-3137 fax


At 9:39 PM 1/17/95, Todd Graham wrote:
>The things that show up in my mailbox!!?!
>
>In message Doug Henwood writes:
>>
>> Capital is
>> accumulated when those with spare cash have the ability to defer
>> gratification, a superior moral type. So those who've accumulated
>> income and capital deserve it; those who haven't just don't cut the
>> mustard.
>
>Unless, of course, the capital is inherited. Over the course of history
>then, from point-zero to the present, one would expect to see the
>division of families into class groupings.
>
>> These redistributionist schemes of yours are just storms of
>> resentment against those better than yourself.
>
>Two normative judgments here: That redistributive policy (generally) is
>emotional reaction an *not* the planned, rational attempt to redress
>allocative inequities is JUST PLAIN WRONG. That policy-makers are across
>the board inferior beings compared with H. Ross Perot, Leona Helmsley,
>Don Trump, etc. is LUDICROUS (and condescending)
>
>> One should not
>> interfere with the natural order, and as everyone knows, the market
>> is the natural, universal form of social organization.
>
>More poorly rationalized normative judgement.
>
>> Doug Henwood
>> [dhenwood@panix.com]
>> Left Business Observer
>
>Left????
>
>
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