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Fair scales capitalism
#1
Fair scales capitalism holds that the "power suits" at Enron have a moral obligation to NOT steal money from hard working people...and that they should be held accountable when they cross that ethical line. A "power suit" can steal millions of dollars and get a wrist slap. A poor man who steals a loaf of bread gets jail time. That is inconsistent with fair scales capitalism.
#2
Socialism by any other name smells just as foul. Out government steals trillions from hard working Americans without a peep from the left wingers in this country. Socialism requires capital to fund programs and once the golden goose is slain, a bleak future awaits future generations of Americans. Socialism is a failed economic system but American liberals are seemingly extremely slow learners.
#3
thecavemaster Wrote:Fair scales capitalism holds that the "power suits" at Enron have a moral obligation to NOT steal money from hard working people...and that they should be held accountable when they cross that ethical line. A "power suit" can steal millions of dollars and get a wrist slap. A poor man who steals a loaf of bread gets jail time. That is inconsistent with fair scales capitalism.
So you agree with Obama that there comes a time when a person has made enough money. Well Obama made something like $ 5 million last year on book sales etc. Does this mean that $5 million is not enough? I believe that the Enron folks went to trail.
#4
If you break the law you get punished under the law.
Unfortunately their are some in government who believe they are above the law or carve out exemptions for themselves or others.
We do not need to create a haves vs. have not mentality. Class struggles/warfare is never productive to a society.
#5
thecavemaster Wrote:Fair scales capitalism holds that the "power suits" at Enron have a moral obligation to NOT steal money from hard working people...and that they should be held accountable when they cross that ethical line. A "power suit" can steal millions of dollars and get a wrist slap. A poor man who steals a loaf of bread gets jail time. That is inconsistent with fair scales capitalism.
They had an ethical obligation but a moral one? Who's morality do we follow?
#6
notamoocher Wrote:I believe that the Enron folks went to trial.
yes they did from Wikipedia
Many executives at Enron were indicted for a variety of charges and were later sentenced to prison. Enron's auditor, Arthur Andersen, was found guilty in a United States District Court, but by the time the ruling was overturned at the U.S. Supreme Court, the firm had lost the majority of its customers and had shut down (see Arthur Andersen LLP v. United States). Employees and shareholders received limited returns in lawsuits, despite losing billions in pensions and stock prices. As a consequence of the scandal, new regulations and legislation were enacted to expand the reliability of financial reporting for public companies.[3] One piece of legislation, the Sarbanes-Oxley Act, expanded repercussions for destroying, altering, or fabricating records in federal investigations or for attempting to defraud shareholders.[4] The act also increased the accountability of auditing firms to remain objective and independent of their clients.[3]
#7
Fair Scales Capitalism is not opposed to a man writing a book and making money on it. Fair Scales Capitalism states that free markets were never meant to be a free license to take whatever you can get, however you can get it. When Concentrated Animal Feeding Operations spray manure and it gets carried by the wind onto their neighbor's children's playground equipment, a FSC (fair scales capitalist) says, "not so fast." What do you say, Right Wing Flirties? Are you boys "Weighted Scales Capitalists," favoring those with riches and power and connections over a five year old wanting to swing?
#8
nky Wrote:They had an ethical obligation but a moral one? Who's morality do we follow?

Within the Fair Scales Capitalism (FSC) model, the obligation is moral because the idea is not to get whatever you can get, however you can get it. The model itself inspires the moral code of the deal, of the commerce, of the transaction.
#9
thecavemaster Wrote:Within the Fair Scales Capitalism (FSC) model, the obligation is moral because the idea is not to get whatever you can get, however you can get it. The model itself inspires the moral code of the deal, of the commerce, of the transaction.


Apparently no one in this administration believes in Fair Scales Capitalism.
#10
thecavemaster Wrote:Fair Scales Capitalism is not opposed to a man writing a book and making money on it. Fair Scales Capitalism states that free markets were never meant to be a free license to take whatever you can get, however you can get it. When Concentrated Animal Feeding Operations spray manure and it gets carried by the wind onto their neighbor's children's playground equipment, a FSC (fair scales capitalist) says, "not so fast." What do you say, Right Wing Flirties? Are you boys "Weighted Scales Capitalists," favoring those with riches and power and connections over a five year old wanting to swing?
Simple, property rights, the neighbor's property was damaged. The neighbor can sue to recover those damages. You make things harder than you need to.
#11
notamoocher Wrote:Simple, property rights, the neighbor's property was damaged. The neighbor can sue to recover those damages. You make things harder than you need to.

Cases such as these, historically, are not the "simple little property issue" you indicate. Courts have held differently; large corporations have stalled litigation, waiting out individuals. Class action lawsuits take time, lots of time. Meanwhile, the little girl isn't swinging because the manure spray is still in the wind.

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