Comments on The London RiotsTypePad2011-08-11T22:18:28ZRick Garnetthttps://mirrorofjustice.blogs.com/mirrorofjustice/tag:typepad.com,2003:https://mirrorofjustice.blogs.com/mirrorofjustice/2011/08/the-london-riots/comments/atom.xml/Kevin P. Lee commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2014e8aa7011c970d2011-08-15T02:08:03Z2011-08-15T02:08:03ZKevin P. LeeHe refers to the paper by Akerlof and Romer about bank management "looting" banks. I read him as saying that...<p>He refers to the paper by Akerlof and Romer about bank management "looting" banks. I read him as saying that part of what's wrong today is that rent seeking behavior isn't punished in any way, but for markets to be healthy it must be. More and more special interest groups are successfully lobbying to get unearned benefits from inefficient laws and regulations. The young looters are not rent seeking in this way, although rent seeking is done on their behalf.</p>Mark commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2014e8aa67c83970d2011-08-15T00:31:58Z2011-08-15T00:31:58ZMarkI would like to hear more on how the rule of law is visibly, easily flouted by the rich. Is...<p>I would like to hear more on how the rule of law is visibly, easily flouted by the rich. Is Haque referring to something specific?</p>Kevin P. Lee commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2014e8a971fb7970d2011-08-12T17:12:56Z2011-08-12T17:12:56ZKevin P. LeeThanks for all the comments. I would encourage you to read the HBR blog post by Umair Haque. He is...<p>Thanks for all the comments. I would encourage you to read the HBR blog post by Umair Haque. He is the author of The New Capitalist Manifesto. It would be difficult to label his ideology, but he is surely no socialist! His point is that we need to rethink capitalism for the changing circumstance of the new economy. He believes that there is too much of what the economists call "rent seeking" by all sides. </p>
<p>I would also echo his comment: "This is an inherently divisive topic. Let's try to be civilized — and let's try not to caricature one another's differing perspectives in the comments. Let's shoot for the moon — let's learn from each other, instead."</p>Fr. J commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2015390a3641b970b2011-08-12T15:51:34Z2011-08-12T15:51:34ZFr. JDavid, I have spent time in England. The yobs all receive very generous benefits. None are starving. You won't argue...<p>David, I have spent time in England. The yobs all receive very generous benefits. None are starving. You won't argue because it is your ideology that has caused the chaos. I think silence and reflection on your part is indeed appropriate.</p>David Nickol commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2015390a358a7970b2011-08-12T15:44:36Z2011-08-12T15:44:36ZDavid Nickolhttp://www.religiousleftlaw.comJoel Clarke Gibbons says: "So in America gays can marry but blacks cannot." Fr. J says: "These people were not...<p>Joel Clarke Gibbons says: "So in America gays can marry but blacks cannot."</p>
<p>Fr. J says: "These people were not poor in any real economic sense."</p>
<p>There is no need to argue against the patently absurd. </p>Fr. J commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2015390a33279970b2011-08-12T15:11:45Z2011-08-12T15:11:45ZFr. JThese people were not poor in any real economic sense. They are of every race and color. As one Nigerian...<p>These people were not poor in any real economic sense. They are of every race and color. As one Nigerian told me, "in your country the poor are fat." They are impoverished spiritually, which was the goal of liberalism and socialism. This is the consequence of a nanny state that teaches moral relativism. </p>Joel Clarke Gibbons commented on 'The London Riots'tag:typepad.com,2003:6a00d834515a9a69e2014e8a955616970d2011-08-12T11:33:23Z2011-08-12T11:33:23ZJoel Clarke Gibbonshttp://www.logisticresearch.comThe contradictions between rich and poor in America constitute a direct attack on our political principles of open opportunity for...<p>The contradictions between rich and poor in America constitute a direct attack on our political principles of open opportunity for all. But these are not the only violations of our national ethic. Today only 20% of black women marry, while the courts fall all over themselves dictating that homosexuals be accorded marriage as a right. So in America gays can marry but blacks cannot.</p>