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The free market set his compensation

By Michael J. Smith on Wednesday October 15, 2008 11:33 AM

Remember the story a week or so ago about Richard Fuld, the helmsman who ran Lehman Brothers on the rocks, getting punched out in the company gym by a disgruntled employee? J Alva Scruggs sent in the following reflection:

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3150319/Richard-Fuld-punched-in-face-in-Lehman-Brothers-gym.html

If that URL breaks, I've got a custom one that works well for this.

http://tinyurl.com/nozick

This offers a classic proof of Nozick's theory on entitlement. The punch was freely transfered and justly acquired. The punchor delivered the punchee's compensation without any coercion from the state. He mixed his labor with it -- and it was a resource that previously had no owners. Indeed, before the punchor clenched his fist and swung, the punch did not exist. Immaculate, pure and wholly free of liens. Therefore it was his to give. The punchee demonstrated his acceptance by assuming a recumbent position, again without coercion from the state.

Comments (2)

op:

poor fuld

he has scape goat written
all the way down his long roman nose
too bad a few wasps aren't
jobster socked too

btw
i say we keep these street crawlers
in a glass tank suspended
above the head
of that frigid
statue of Washington
down there

make em stay there
all tangled among each other
and nosh on each other

like so many hungry houdinis
then keep refilling the tank
till their all devoured
save one
and then burn him
a mummy in ticker tape

Son of Uncle Sam:

Not only scape goat but he strongly resembles a love child between Richard Kimbles one armed man and Jerry Seinfelds uncle Leo!

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