Quote:
Originally Posted by joshgirls
im not sure what limits private sector corruption have. look at the mortgage derivatives disaster. if the feds didnt bail out the street, the banking system had the potential to collapse & freeze up the entire economy from top to bottom. in smaller sectors like making pens, yeah, but banks, health care, oil, the corruption in these industries is really killing the consumer.
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Lets start with the printing press. Lets start with the subprime mortgage failure. I agree the private sector didn't help it at all, but it was the government that unleashed hell. Personally, as someone who follows the Austrian School of Economics, I would rather have Wall Street and everyone who should have failed, fail. The bailouts only increased the destruction of the imminent collapse.