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Re: Isn't local better than multinational?



On Thu, 11 Nov 2004, Ralph Shnelvar wrote:

> That's going to make the people in Cleveland _and_ the people in Boulder
> richer.  The people in Cleveland get working capital and the nice local bank
> in Boulder gets to make more money for its nice local people.
>
> Now substitute "multinational bank" for "nice local bank" and nothing
> changes.

That's a non-sequitur. The multinational bank DOESN'T make more
money for Boulder, as the Boulder bank would.

> Money goes to where it is most wanted (most needed).  In this way it creates
> wealth for everyone; whether it be Zimbabwe or Longmont.

Another non-sequitur. Need is not want. The greed motive puts money
where it will increase most, not where it's needed. Ask the people
of Zimbabwe; they have the most need, and getting the least.

"Greed is good" -Michael Douglas in "Wallstreet", 1987

"There is no greater disaster than greed." -Lao Tzu, 6th century BC

Both cannot be right.