Anyone Remember Laissez Faire???

Discussion in 'Politics' started by Big-A-, May 16, 2010.

  1. Big-A-
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    Big-A- Member

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    Just saying...

    Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Indeed. But it would only work if the government were also prevented from incurring huge unfunded liabilities for entitlement programs.
     
  3. Big-A-
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    Big-A- Member

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    That's what I'm saying.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    No.

    Hasn't been tried in over a century.
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    That wasn't what your OP conveyed. Entitlements for individuals as well as bailouts for corporations need to be eliminated.
     
  6. AquaAthena
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    AquaAthena INTJ/ENTJ

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    :clap2: But we have a government who would rather take control. The more they can bail, the more control they acquire.....
     
  7. Flopper
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    Flopper Gold Member Gold Supporting Member Supporting Member

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    We will never know. I think very few people would want to see a boom or bust economy which is characteristic of unregulated capitalism. Allowing all the inefficient, marginally profitable, poorly managed enterprises large and small to fail would eventually result in a more productive and more competitive business environment, but there would be a heavy price to pay. Some would argue that such a government policy would lead to the greatest depression the country has ever seen. Others would disagree. However, no administration would be willing to take the risk of doing nothing.
     
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  8. Big-A-
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    Big-A- Member

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    Agreed.
     
  9. xsited1
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    xsited1 Agent P

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    You mean people like Ellen DeGeneres?
     
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  10. Toro
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    Toro Diamond Member

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    "Remember laissez faire?" You're 180 years old?

    That's amazing.
     
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