MAGNIFICENT. Last time, New Hampshire was such a bitter defeat, this time, an incredible vindication;
Watch Ron Pauls Speech After New Hampshire Primary – YouTube.
Archive for January, 2012
“…capitalism has been hijacked, and I’m infuriated. For capitalism to work, people who assume risk should reap the rewards of success, but they also must suffer when losses occur.” ~Leland H. Faust
In the 2008 implosion, the banks that were bailed out should have been left to go under – their assets stripped and sold, their officers indicted for fraud or driven out into the street, their profits disgorged, they and their children made outcasts, leaving them in the outer darkness,wailing and gnashing their teeth.
This, after all, is the basic moral logic of capitalism – success is rewarded, failure mercilessly punished. And this is EXACTLY what the politicians prevented from happening – all of them, except Ron Paul, who warned about it, and tried to stop it.
He was strong. He was himself. As Leaonard Read used to say, he didn’t “leak”. And ABC re-ran his best lines coming out of the breaks! MAGNIFICENT;
So Long, Kodak
Just looking at consumer photo, digital photography RADICALLY decreased the cost of taking usable pictures. I used to take hundreds of film pictures in a year. The expense was terrific, and you got ten you didnt want for one you did, if even that. Now you can take hundreds of pictures in an afternoon, and you only need to pay to print the ones you want, AND you can send them to friends, include them in documents, reports, etc. Kodak not only failed to cannibalize themselves, they failed to consider the value of this innovation to their CUSTOMERS, and it was only a matter of time before others did.