Reply #40: That's pretty lame [View All]

[Farmall]

to think that the government taking privately held investments (which I bought low and intend to hang onto for the long haul) is allowable in a free market nation.

You have neglected one thing about the Mondragon Cooperative Corporation-they were not founded by, funded by nor controlled by the goobermint. They have always been a privately run company.

What about those who purchased their shares at higher prices, and have held them on the assumption that the market will swing back up? Will the buy plan pay them for their purchase price, or todays toilet paper price? That'll do alot of good for the 401k's of the small man.

Sounds like some of the similar ideas proported by some developers and gov't officials who think it's OK to condemn and seize under emminent domain the property of one person and transfer it to another because they believe that it could be put to better use.

If Amtrack is so great, why have they yet to post a profitable fiscal year since their inception in 1971? They're at the point now where they are requiring an cash infusion of $1 Billion per year. If you can, please show me a gov't run entity that is profitable?

When the government (the collective body that represents the people) purchases ownership in a private business, that is socialism.

Corporatism is when a group of individual corporations in the same field (say steel making) join together to exert control upon the entire segment of the economy as a group.

Either way, it's a step in the wrong direction for a nation that was founded upon the ideas that a person can be free from unwarranted government intrusion into their business and private affairs.