[ExI] How slow is capitalism?
F. C. Moulton
moulton at moulton.com
Thu Apr 28 07:42:55 UTC 2011
On 04/27/2011 09:39 PM, Keith Henson wrote:
> You are right. The government should change the laws so MIT EEs, MEs,
> etc graduate don't get sucked into Wall Street casinos and do
> something useful.
I disagree. I had written several detail objections but I have deleted
them because the following was the most important of my list.
The issue of individual liberty. It is ultimately the choice of each
individual if that individual wants to work in a financial services firm
who wants to employee them designing trading software or if the
individual wants to go to work for a Silicon Valley firm who wants to
employee them designing circuits.
Yes this means that people go to medical school to become doctors and
then spend the rest of their lives writing novels instead of practicing
medicine. And people study physics and engineering and then spend
their lives in finance. That is what individual choice is all about.
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