Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Tublecane
You know what else benefits the economy as a whole besides forgiving debt? Saving. Remember that?

Oh. I remember it *very* well.

Would it be unfair to point out that, above the level of very-small business, Capitalism operates by routinely avoiding personal responsibility and readily discharging discharging bad debt?

Both corporate officers and their stockholders are exempt from personal financial responsibility for the debt incurred by a failing business - in this sense the people attempting so start a business at personable financial risk - however virtuous this may be in abstract- are rubes at the county fair.

I say this as someone who (successfully) started his first two business on a self-financed basis at high personal financial risk, and survived the experience both times - before I finally realized I was the rube in the game, and started playing on the same basis as the smart boys.

138 posted on 12/04/2012 1:18:13 PM PST by M. Dodge Thomas (million)
[ Post Reply | Private Reply | To 133 | View Replies ]


To: M. Dodge Thomas

“Would it be unfair to point out that...Capitalism /operates by routinely avoiding personal responsibility and readily discharging bad debt?”

Yes, because I don’t know what you mean by “Capitalism,” so I would be at a loss as to whether I should argue or nod my head. I’m at that point, truly, where I sometimes have no idea what common words are supposed to mean.


140 posted on 12/04/2012 1:24:57 PM PST by Tublecane
[ Post Reply | Private Reply | To 138 | View Replies ]

To: M. Dodge Thomas

“I was the rube in the game”

Pretty soon or maybe now anyone who ever pays their own way will be a tube. Savershave long been victimized. Look at people who bought insurance, especially on their own, and laud in for decades. Suckers! Think of people who don’t take money when unemployed. Losers. Think of those who paid their mortgages or credit card bills or student loans. Idiots.


141 posted on 12/04/2012 1:30:16 PM PST by Tublecane
[ Post Reply | Private Reply | To 138 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson