> And not a single mention of the failure of govt to regulate financial > practices that are obscene, absurd or dangerous? You seem to have a > chronic > inability to deal with that one preferring to blame 'foreign > alliances'.
You are dense, Geoff. This is obviously because I view THAT as a symptom of deeper root causes. Or how would you answer WHY there was the failure to properly regulate these GSEs and related hedge trading devises that we all agree in principle, somewhere, somehow happened? - Bob > There are three main *root* causes of the mess we're in, if you really > want > to lift the hood on this thing, the thesis of a treatise I shall write > one > day: > > 1. The way the extra-constitutional two party system has corrupted our > constitution's natural safeguards against majority faction (remember > that > greed problem? In a republic with checks and balances, this is where > that > greed metastasizes in the government); > > 2. Too many entangled alliances abroad (our founders warned us about > this, > too) > > 3. A population accustomed to bribing itself by spending the wealth of > future generations. > > None of these are "free market" problems. The market will simply become > dysfunctional in the face of these conditions, and this is what has > happened. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
