THIS is exactly why our America economy is failing due to Free Market Capitalistas

[Shogun]

Wrong.

The only aspect of last year's meltdown that even remotely resembled anything laissez-faire was the trade in mortgage-based derivatives, which wouldn't have had all the high risk paper in it without insane amounts of outside interference in the creation of those mortgages.

HA!

yea... and when a stimulus package DARES to try and limit itself to domestic goods.. well, someone call the antichrist... it's the end of days.

Dude is correct. there is nothing wrong with deratives. the problem is that banks were forced to give mortages to people who shouldn't have receive them, adding much higher risk to the deritavties than normally would be there. without those loans the deritatives would be just fine.

Specific instances of given credit is not why we have more credit lending commericals than job fairs. No one FORCED the selling of sub-prime lending. Banks were out to make a quick buck via deregulation. Hell, we saw the same with 80s savings and loan crisis.

 

[Richard-H]

Why do you argue with people who think that last year's meltdown represents a failure of capitalism, rather than a natural occurance of the market?

Perhaps because unregulated capitalism by nature will always be a catastrophic failure.

 

[2Parties]

Government contracts are now free market. It's no wonder so many socialists have no idea what they are talking about. It doesn't help when you have people like George W. Bush making speeches now like he was the bastion of the free market when he was president. Herbert Hoover 2.0?

 

[Richard-H]

Did any of you free market geniuses notice the name of the Chinese company?

"China State Construction Engineering Corp"

This is almost certainly a company that's subsidized by the Chinese government! How can American businesses and workers compete with the Chinese when they subsidize their companies and provide for all the major life costs for their workers?

Socialist companies provide childcare, education, healthcare, housing and retirement to all of it's people (albiet that the Chinese quality is poor).

American business and workers cannot compete in a fundamentally unfair market.

The people that are investing in China and dealing with the Chinese are NOT capitalist in any true ideological sense - they have no capitalistic ethics.

They are simple opportunists that couldn't give a rat's ass about capitalism or the free market.

There are only two choices for American businesses and workers:

Protectionism or Socialism.

So we get construction at under-market rates. Kewl. Let's let them sign more contracts and go bankrupt.

China's government's controlled socialist/capitalist hybrid economy is a long way from bankrupt. The only threat they have is if our economy drags them down with us.

Getting merchandize or services at under-market rates due to government subsidies defies the very principle of capitalism.

Of course you don't care, you're not a capitalist, you're not a patriot, your a sleazy opportunist with no pinciples whatsoever. So let me explain this in terms you can understand:

oink! oink! oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!oink! oink!

Got it? Good!

 

[2Parties]

China's economy isn't actually all that great. A lot of their economy is smoke and mirrors like the US economy was recently before exposed.

To see an example of China's "great" economy look at the government created ghost town: ww w.youtube.com/watch?v=0h7V3Twb-Qk

Great for statistics about a booming economy. Horrible for the actual economy.

 

[Si modo]

It's funny to see idiots who don't like the free market post 'examples' of the free market. Some just can't think clearly, I suppose.

 

[Big Fitz]

huh. I guess Ameican companies priced themselves out of the market. Maybe they should lower their rates. What's that you say? They can't survive if they do that? Why? Ohhh government payoffs... I mean regulations. Huh, I guess we'll need to find some way to remove those expensive regulations or just have to rely in cheap foreign labor.

You do realize that we as a nation, ship workers all over the globe too to do this kind of work as well. But since socialism has overregulated, overtaxed and interefered with free enterprise so much it can't compete in the global market anymore.

So what're we gonna do about it? Protect the system, stifling even more needed work or make ourselves profitable again?

 

[The Rabbi]

Why do you argue with people who think that last year's meltdown represents a failure of capitalism, rather than a natural occurance of the market?

Perhaps because unregulated capitalism by nature will always be a catastrophic failure.

Which is why it has consistently provided a better standard of living than any other system?
You are a tool.