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Old 10-05-2011, 11:51 PM  
_Richard_
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Join Date: Oct 2006
Location: Vancouver
Posts: 30,985
Quote:
Originally Posted by $5 submissions View Post
They DO have a point. They are protesting WALL STREET *not* capitalism.

Real capitalism lets winners collect their rewards and those who failed get to learn from their failures.. and try again. Wall Street has a concept called TOO BIG TO FAIL - it is aimed at shielding people from the consequences of their failed decisions. Privatize profits but socialize failure. WITW?!!! If you're a huge corp with tons of people on your payroll, you get put on life support. Your failure is rewarded. Corporate welfare and bailouts = worst form of entitlement mentality.

What happens to all that money printed up to pay for the bailouts? It bubbles up until it blows up when Italy's financial woes blow up. Dow Jones @ 5000 is not as loony as it may seem.

There IS a limit to the BAILOUT mentality. By trying to AVOID PAID, the government just made the BLOW UP of the BUBBLE all that more lethal.
socialism for the rich, capitalism for the poor

we get it
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