OccupyWhatevers step in it

In IFO’s neck of the woods, the local radio station is advising people NOT to go downtown today. If you had a business downtown, how happy would you be with the Occupy Wall Street protesters?

Here’s a really intelligent commentary by Tzvi Freeman, director of Ask The Rabbi for Chabad.org, on capitalism:

…capitalism is good. Very good. Look at the historical facts: Before commerce, industry and finance began to blossom, children were lucky to live past six years, the average life span was between 25–30 years, all but a small minority lived at bare subsistence levels or less, education was for the elite, and violent death, torture and barbarity was not something you watched on television, but witnessed firsthand on a frequent basis—whether in the name of warfare, crime, justice or entertainment.
Capitalism has been a—if not the—major force in diminishing war between nations and creating tolerance between peoples.

Mr. Freeman goes on in great detail – the column is worth reading.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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