RE: The National Debt Clock
October 28, 2010 at 4:08 am
(This post was last modified: October 28, 2010 at 4:11 am by ib.me.ub.)
Adrain Wrote:It had nothing to do with capitalism. Capitalism didn't fail; the banks did. When you have a business and you are letting your finances get out of control, you have a bad business. Capitalism predicts that such a business will fail (and most would have), but the government decided that banks were "too big to fail" and bailed them out, going completely against the market. You say unrestrained capitalism was the problem; I say the government getting involved by bailing out companies that should have been left to die was the problem. This isn't to say that regulation shouldn't exist, but when a company fails, nobody should be responsible for bailing it out other than the shareholders. It isn't fair to the rest of us.
The banks failed and the Govenment bailed them out!
Well if you cannot see that the public & private sectors are so intertwined now, they cannot be unwoven. If you cannot see this, you cannot see the forest for the trees!
Why did the Governments bail out the banks then Adrian? If the public & private systems are seperate, it should make no difference. The fact is, they rely upon one another. If one fails then so does the other.
Adrian Wrote:It requires growth in the private sector.
Adrian Wrote:It had nothing to do with capitalism. Capitalism didn't fail; the banks did.
Banks using a Capatilist sysytem which requires growth. Growth that is impossible to sustain forever. If the banks are using a different system or are not a public entity, please fill me in.
Adrian Wrote:If you don't want the risk, don't put your money in a bank...simple.
Yes, really simple. Where do you keep your money, under you pillow.
