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   for some odd reason , left wing socialist types have an anger envy type of mentality towards “speculators”.   One known prototypical example - F. Russel , a very good example  of the socialist dogma in action.   Breaking of any of this socialististic dogma is among the greatest sins in life.  “cue jumping” example in socialized medicine , example, example , example.   The basic falacy in this logic is the “Pie Theory”.    The “pie” remains the same .  It never occurs to this crowd that increased efficiency , as rewarded by the marketplace, increases the size of the pie.  More for all.  Under socialism the pie remains the same in size , or even shrinks.  In Communistic Russia everyone had a job , but no one could eat.  Even if the foodstuffs or goods were available , they were of very poor quality.  On top of that much time was spent , or better described wasted, waiting in line for scarce goods.   A lot of effort was spent in how to to get around , or beat the system, in order to provide for basic human needs.  It was not a case of ripping off the system for fun,  it was the only way to survive the only game in town.

Under the limited Socialistic left wing mindset - if a “wealthy stockbroker” / currency trader / speculator privatized or industry by selling it from the public purse -  “they sold Our phone company”  “those rich stock traders”  .   If someone else ( the investor / trader / broker)  ate a piece of pie - then that is one less piece of pie for me or for everyone else.

Never mind that the pie was small and rotten to the core.  Now we have a factory to make 1000 high quality pies with many new workers now earning a good wage , income and the company earns foreign currency dollars, Euros and Yen exporting pies.