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Is Greed Good? by John Stossel [6 part YouTube video]

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Re: Is Greed Good? by John Stossel [6 part YouTube video]

#11
post #8

I think if you're blessed enough to be entrusted with great wealth, you should pass it on to others so they too can enjoy the benefit. If I ever had money I'd want to give it away in unique ways that specifically help people - whether it's education, healthcare facilities, churches, etc... Seems like it'd be more fun than just buying $1 billion in Ramen and shipping it somewhere.

The best way to help people is not to give them money, but to use that money to build businesses, either by investing in them directly, or via public markets, etc.

You just give it away and it becomes a curse... for instance, a lot of the poverty in africa is due to aid killing local businesses-- there are no tailors anymore because the western world ships them shirts en masse, and so they just sell those...

Frankly, I'm of the opinion that the number one cause of poverty, world wide, are misdirected and ignorant attempts to "help people".

Certainly, social security, for instance, is the number one cause of poverty among the elderly in the US.

Re: Is Greed Good? by John Stossel [6 part YouTube video]

#12
post #9

Earlier quoted context omitted.

Everything stossel does is political.

Really? I haven't kept up with the guy. Does he make endorsements of various parties and candidates? Is he a prominent member of some political party or a spokesman for one?

No, he doesn't. He generally reports on things in a pretty factual way... the only politics is in his choice of topics to cover. He's a libertarian.

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