- Capitalism and Alternatives -

Curious what you all have to say about this....

This is a segment I cut & pasted out of a chat transcript with David Gardner from The Motley Fool that is, of course, pro-capitalist. I was curious what kind of response some people here might have. Here's the question and answer from the chat (none of you probably know what "Rule Breaker" means, but that irrelevant... scroll down about ten lines to where he starts talking about capitalism and socialism):

spinspen1 asks: Do you foresee a time when you may have to
look at international stocks to find Rule-Breaker growth rates?

Motley_David: I don't, really. Fine question, by the way.
Motley_David: I'm not necessarily so focused
on growth rates...
Motley_David: as I am on RELEVANCE.
Motley_David: If I had to boil my investment
approach down to one word...
Motley_David: it would be RELEVANCE.
Motley_David: If you are running a
relevant business...
Motley_David: I probably want to own you.
Motley_David: I'd much rather have a piece of a
relevant business growing at 28% a year...
Motley_David: than an irrelevant one
growing at 100% a year.
Motley_David: a.k.a. a penny stock.
Motley_David: My investment horizon is 10 years minimum,
so I want sustainable strong growth...
Motley_David: also known as relevance.
Motley_David: And I believe America is the most
globally relevant country in the world.
Motley_David: Without being a snob or a
chauvinist about this...
Motley_David: I believe America MARKETS better
than anyone...
Motley_David: offers the best and most focused
CUSTOMER SERVICE...
Motley_David: and, third, has the best TECHNOLOGY.
Motley_David: I'd say Americans are incredibly fortunate
to have so many great businesses...
Motley_David: established and emerging...
Motley_David: around us. It happened because
we believed in capitalism...
Motley_David: at a time when most of the rest
of the world...
Motley_David: was socialist...
Motley_David: in practice even if not in name...
Motley_David: Great Britain, the birthplace of
capitalism (Adam Smith)...
Motley_David: was operating as a socialist
entity for decades before Thatcher!
Motley_David: And much of the rest of the world was
far, far worse.
Motley_David: What I'm saying is, we're really lucky.
Motley_David: And as America gets imitated...
Motley_David: the world's markets will continue to free up.
Motley_David: It's a great story.

I'm sure just about every response to this will be negative, which is why I'd like to hear what people say... just stir up a little discussion.

-Jason

• The Motely Fool

Follow Ups:

• The interference of state in the market does not mean socialism. baktash babadi . Iran February 27 19100 (5)
  • Thatcherism was an entirely new phenomena Lark February 27 19100 (4)
    • Capitalism is a ruthless, brutish system, but it does seem to work. Jason at home England, Europe February 27 19100 (3)
      • The people who tolerate ruthless, brutish orders arent really effected by ruthless brutish behaviour or conditions. Lark February 28 19100 (0)
      • Notice to all the stupid, lazy, ugly people Arlo February 28 19100 (1)
        • hey it improved the prosperity of the already prosperous. Lark February 28 19100 (0)
• Typical Capitalistic Myopia Deep Dad Nine February 26 19100 (1)
  • So why is technological advancement not necessarily considered 'progress?' Jason USA March 03 19100 (0)
• America: Technology and Freedom Jason USA February 26 19100 (0)
• Pray tell, why... Frenchy February 25 19100 (14)
  • Yes, why? (better) Stoller February 25 19100 (12)
    • Catchy, no? Frenchy February 25 19100 (11)
      • But can you (and ALL the other workers) dance to it? Barry Stoller February 26 19100 (10)
        • The 'room at the top' is not finite but infinite. Frenchy February 28 19100 (9)
          • Philippino Edisons. septimus No, Deep House. February 29 19100 (0)
          • Wrong! Barry Stoller February 29 19100 (0)
          • A couple of comments Farinata L'inferno February 28 19100 (6)
            • Even more comments MDG February 29 19100 (0)
            • Kick the tires and lite the fire. Frenchy February 29 19100 (4)
              • More corrections. Farinata L'inferno February 29 19100 (3)
                • A note on open standards Farinata L'inferno March 01 19100 (2)
                  • HTML, SchHTML. Frenchy March 02 19100 (1)
                    • It's your choice if you want to get rooked. Farinata L'inferno March 02 19100 (0)
  • Yes, why? Stoller February 25 19100 (0)