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Entry: Faith-Based Economy Link: http://www.takimag.com/blogs/article/faith_based_economy#20675 Post contents: Does anyone else remember Senator Goldwater's outrage over the Reagan Administration's bailout of Chrysler? Goldwater rightly pointed out that real capitalism has its failures as well as successes. He said that the good parts of Chrysler would emerge under new ownership, and the bad parts would be scrapped. He was right. Also does anyone else recall the one good point that justified reading 1,168 pages of turgidity titled "Atlas Shrugged"? Ayn Rand's glorious saving grace is that she drew a very clear line between building and looting. Somehow I fear that this hasn't been taught at the prestige business seminaries such as at Harvard and Stanford for decades, if ever. Building is frightfully risky, and looting is a slam dunk. Sent at: 2008 07 24