Jon Louis Mann wrote: >>> F&F had very little impact as far as causing the >> economic crisis, compared to other factors. >> >> What are the other factors? It looked to me from that >> article that Rob linked to that there was a fair amount of >> cause wrapped up in F & F. >> Julia > > i am not denying that there were government blunders from both sides, as well > as unscrupulous borrowers and individual irresponsibility. i'm just saying > it would not have gotten out of control if not for bush/cheney's > anti-regulation policies. we need government regulation, otherwise we would > be like china, exploiting and polluting its own people and sending out toxic > products all over the world.
My sarcastic side wanted to say "yeah, because communist China is a prime example of unregulated business", but what I mean is this: If the discussion here is pros/cons of government influencing business, I think China would be an example of high influence, since most of the Chinese businesses are government owned. Even their several competing mobile phone operators are all owned by government. If your point is that China's businesses are governed by a power-hungry elite rather than by benign representatives of an informed population, then I agree with the bad consequences of that. I do think, however, that John often has a point when noting that a decentralized and inter-competing power-hungry elite is better than a centralized and unchallenged one. /c _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
