> >> I'm done with this conversation since
> >> you ducked my question about what
> >> should replace government regulation.
> > our resident troll does that a lot. i
> suspect he is an ayn rand, libertarian
> > wannabe, or he just likes to agitate.
> one would think that the current
> > collapse would wake this guy up.
> It depends on what they think is the
> cause of the current collapse. If you're
> crazy enough, I am pretty sure you can
> blame it on what little regulation remained
> getting in the way of good, honest business
> people trying to do good, honest business.
> I'm so tired of that old song. They've been
> singing it since FDR, and it's still not true,
> although they've sung it so long and so loud
> that it has actually bent many millions of
> minds into thinking that it is common sense.
> It never was, it is not now, it never will be.
> Dave
i still don't understand how regulation is to blame; i would sure like to hear
some examples from someone...
i'm not saying de-regulation is the only cause of the current crisis. there
are many other factors. the iraq war had a lot to do with it, which made a lot
of money for arms dealers, war contractors, etc. bush's cronys and other
opportunists also did well with the real estate and other bubbles. now they
will all be buying and selling their ill gotten capital and bailout subsidies
to make even more during the continuing wild market fluctuations.
Just like the crash of '29 cured many of the excesses from selling on margin, a
way was found around such regulations, thanks again to the bush administration
and his chainsaw surrogates. i wonder how long the lessons being learned from
current excesses will prevent greed in the future? a way will be found...
we have a deficit economy; it served a purpose at one time, but it is way out
of control. pouring taxpayer liens in at the top of the financial system is
not the answer. people are out of work. now people are beginning to start to
live within their means.
now is a good time to play the market corrections if you have disposable cash,
or can get some of that bailout money.... now is the time for a "new" new deal
to deal with america's. infrastructure projects.
now that the rest of the world is feeling the domino effect of globalization,
it is time to turn away from unrestrained growth. the developing nations
should see where it leads and start producing for themselves, instead of
sending the fruit of their workers' labors to us. maybe they will see how the
bankers, brokers, agents, arms dealers and other contract pimps are ripping off
the disenfranchised.
we need a new, green socialism model that conserves the earth's resources,
recycles industrial waste, reuses, rebuilds and extends the longevity of
technology rather than designing products to wear out in three years or less,
so they can be trashed for the next version.
if governments are going to indulge in deficit spending then do it creating
jobs in cleaning up the planet, health care, education and other creative,
rather than destructive enterprises...
jon
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