Quote:
Originally Posted by smax
Free market is the word, not capitalism, in a real free market AIG and rest of the crooks on Wall St would have failed. While you want to call it "financial armageddon", I call it a market correction
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Eg-fucking-zactly... I hate all the BS people spout about how the free market has failed and point to these things as "evidence"... We never had a free market people it's full of government regulation, bailouts, and back door deals facilitated by our own government...
People blame "greedy wall street" and execs when really the government is to blame. The fact that a business man or company is after money is a constant, it's unchanging. When the government steps in to regulate, every regulation can then be used as a club by companies and businesses to push their own agenda and punish their competition. Our own government is what creates these issues and to correct their mistakes they pass more regulation and more regulation and more regulation... and then they start bailing bad business out. Nobody is too big to fall, it doesn't work like that, that's media hype and the government looking for an excuse to hide behind for gaining a larger foothold into regulating and controlling everything they can. This doesn't even touch on how they fuck with the market via interest rates, tax breaks, and minimum wage...