(Columbia founded the academic discipline of philosophy, so it is surely not too good for them), who told me I was very good at understanding, evaluating, and furthering philosophy concepts.
So Columbia, as opposed to say ancient Greece, founded the discipline of philosophy?
I'm sorry you're disgusted by someone born in an inner city having the opportunity to succeed. You wouldn't be so disgusted if you were born in the inner city...
Oh boohoo. "I was born in a less well moneyed part of the western world, therefore I don't have to follow property rights."
Do you realize that entrepreneurs struggling in Kenya would kill for the property rights you are selling down the drain? These are people who have literally the barest of nothing, and who are trying to start farms and shops and factories, and they can't because they haven't the property rights to do it.
I, and most other political thinkers today, would like to see relative equal opportunity for all.
And thus responsibility for none. I know.
I ask you again: how would an education system work without government?
Do you really think government education systems work in the first place? Functional literacy in the US is around 60%. (
http://en.wikipedia.org/wiki/Litera...ional_Assessment_of_Adult_Literacy_.28NAAL.29 ) Only 15% of adults in the US can read or write at a university level. But perhaps your own ignorance is all the evidence that is needed? Your own professed university of excellence is an example of private education.
If you actually cared about the state of education you might take a minute to ask yourself if public education based on the Prussian model is even doing the job of educating people at all? How would you know? What standard of comparison have you applied?
Incidently, answers are here:
http://media.mises.org/mp3/audiobooks/rothbard/foranewliberty/7.mp3
And the rest of your future question are answered in:
http://mises.org/media.aspx?action=category&ID=87
Morgan Stanley, an investment bank, did not engage in immoral lending practices in 2008, as it was not a commercial bank. While Morgan Stanley held certain securities, called credit default swaps, which were grossly overvalued after the real estate bubble popped, the losses taken on such securities were not nearly enough to bring the company close to under. However, as Bear Stearns and Lehman Brothers had failed, and the stock market had crashed, many clients began requesting money back from Morgan Stanley, at the rate of tens of billions a day. Morgan Stanley would have run out of capital if they had not received an investments from a Japanese bank and the US government, which restored confidence in the investors.
If it is an investment bank and it goes bust due to relying on other things which go bust, then the investors should lose their capital. Why should someone who steers clear of risky investments be forced to pay to bail this shit out?
But of course you are the master of tangents. Taking us yet again on a sophist ride. Let's return to the initial point I was making, and that was that equality is not a desirable thing, as it logically results in responsibility for none, and property rights for none.
Without financial regulation, without the bailout, without government, the entire banking system would have failed, the dollar crippled, and the US destitute. So, without government, how would you regulate financial companies? Clearly, government regulation has always been necessary. How would you provide financial regulation without government? Would you suggest making immorality against the law? That drastically contradicts your other ideas.
Well first the dollar is crippled and destitute precisely because the government has been printing money for 200 years. Secondly, the government causes these bubbles in the first place by price fixing interest rates below market rates ( via political ownership of banking, and the fed funds rate ), and producing reams of cheap credit that anyone with a few political connections can access.
[youtube]5K4Os5eXPw4[/youtube]
To answer your question markets self regulate when they are not interfered with. This is perfectly evident in that people don't shoot each-other over what they think a loaf of bread is worth. The price mechanism is self-regulation.
And I only consider the initiation of force to be immoral. And, yes, that is against what (philosophically) the law should be.
You definitely need to do some more reading. If you don't like reading, check out some videos or audiobooks:
[youtube]m6G1rq5LdA4[/youtube]
[youtube]Xbp6umQT58A[/youtube]
I think I will stop debating with you now, as I find it unpleasant. I think you are more interested in winning the debate than in finding the truth. You have an emotional investment in your positions, and in seeing your debate partner publicly humiliated (via the attempted use of any fallacy you can get your hands on.) Further, your manner is unpleasant and your speech patterns are demeaning. Despite initially giving you the benefit of the doubt, it is perfectly evident to me now that you have little to no understanding of the majority of these topics, although you act as though you know much.
I don't find you pleasant here, and I don't think I would find you pleasant in real life either. Therefore I will exercise my freedom of association and cease associating with you. (Isn't voluntaryism great?)