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Walter E Williams - Economics of Liberty	::
National Economy/Natural Resources -> Real Economics - The family farm, home & business

Posted 2009-10-05 7:54 PM (#24888) By: EternalVigilance

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Posted 2009-10-06 8:30 AM (#24928 - in reply to #24888) By: gcsteven

At one time (not to distant past) "We the People" were told we own 80% of AIG,...

Anybody out there in the matrix know how much AIG stock has gained in value, Year to Date ?? (percentage) anybody?

And who 'owns' the Certificates of Ownership for AIG?

'America, Own or be Owned'

'Own the Fed.'

GCSteven

Posted 2009-10-06 9:41 AM (#24929 - in reply to #24928) By: gcsteven

"The root cause of present injustices is not to be attributed to division of goods, nor even to the inequality of the division, but rather to the fact that the mass of people are practically bereft of ownership. Some means must be devised to admit the proletariat within the proprietory system. Widely distributed property makes for social stability. Any alternative offered lacks the moral discipline of responsible ownership. Perhaps the best summary argument for private property is the impossibility of finding any better general system to take its place." McDonald, the Social Value of Property According to Saint Thomas Acquinas (Washington, D.C.: Catholic University of America Press, 1939), pp. 184-5, paragraphs 7 and 8.

Edited by gcsteven 2009-10-06 12:17 PM

Posted 2009-10-06 12:08 PM (#24942 - in reply to #24928) By: gcsteven

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