The downward death spiral of lassaize faire capitalism

Discussion in 'Politics' started by Red Dawn, Jan 29, 2009.

  1. Red Dawn
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    Red Dawn Senior Member

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    The final stake in the coffin of lassaize faire, “get government out of the way” ideology. The “free” market can't be trusted with deregulation, and it can’t be assumed that markets will either “Police” themselves or that markets are “self correcting”. Yeah, “self correction” while millions of people get fucked.

    The FBI had evidence of massive mortgage fraud occurring (so much for the argument of bush supporters that it was just limited to “stupid people” who borrowed more than they could afford), yet the Bush administration decided not to make it a priority or provide the FBI more resources to address the problem.

     
  2. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Actually this financial crisis shows that government intervention in the markets is a bad thing. Free markets could not have caused this crisis, because we had anything but a free market before it hit. The fact that the Federal Reserve exists is the antithesis of a free market.
     
  3. Red Dawn
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    Red Dawn Senior Member

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    Interesting theory. You seem to be asserting that comment as fact.

    Is there any nation-state anywhere on the planet that has this unregulated, free market system you speak of, that would demonstrate what you're saying actually works?

    IMO, what this story shows is that we need people in the government and the regulatory agencies who want to make government work, and to enforce our laws. When you put people in power who hate government, and think the markets are self-policing, they tend to do shit like this.....blow off FBI agents who tell them financial institutions are perpetrating massive mortgage frauds.
     
  4. Shogun
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    Shogun Free: Mudholes Stomped

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    WSJ capitalistas will look for any excuse to ignore the failure of their economic opinion. Then again, they are hardly ever part of the class of Americans who get to lose their job because of this "correction". Free Market capitalism doesn't work like these silly bastards insist. Any failure can be blamed on the slightest regulation or normalizing agency. Good riddance, I say. Let the bastards who gave us a wal mart economy choke on their foreign cars and other various cheap shit from china. I look forward to a day when we see economists have the BALLS to talk about trade deficits that do not favor our domestic situation wile the rest of the world uses our consumers like an economic tampon.

    BRING ON THE TARRIFS!
     
  5. Truthmatters
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    Why do you do this?

    It was so very obviously deregulation and massive war spending accompanied by tax cuts.

    I just dont get people who stand by failed policy even when it makes them look like complete buttwinks?
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    No, there is no country that practices a free market system. You will also notice that all of the "great powers" in the world are currently in a recession.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    You're right about the massive war-spending, that certainly played it's part. Though it wasn't the main reason for our current economic situation. The Fed is the main perpetrator through inflation and artificially low interest rates. Then we made the situation worse by bailing out failed businesses, and we're working to make it even worse with the stimulus bill that passed the House last night.

    You will notice none of those causes represents a free market in action.
     
  8. Truthmatters
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    Yeah they are , due to deregulation
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well, that is incorrect... So I don't know what to tell you.
     
  10. Truthmatters
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    artificially low interest rates



    At least you got something right.

    Hoover should be your new nick name
     

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