"US style capitolism"

Discussion in 'Economy' started by Truthmatters, Feb 2, 2009.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    VOA News - Merkel, Brown Call for Global Economic Rules


    The Europeans are kinda pissed at us huh?


    German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


    In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation." The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.
     
    Last edited: Feb 2, 2009
  2. AllieBaba
    Offline

    AllieBaba BANNED

    Joined:
    Oct 2, 2007
    Messages:
    33,778
    Thanks Received:
    3,648
    Trophy Points:
    0
    Ratings:
    +3,650
    We care what they say why?

    We all know what a raging success their socialist model is...
     
    • Thank You! Thank You! x 1
  3. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    17,590
    Thanks Received:
    1,581
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,026
    The German Chancellor is wrong, since we don't have "unfettered capitalism."
     
  4. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    CAPITAL-TOLL-ISM.

    I kinda like that. Much more descriptive of the nature of the beastly economic system, don't you think?

    If you ain't got the CAPITAL, you can't pay the TOLL.
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    The securites industry sure was unfettered just go ask the Chairman of the SEC at the time Mr Cox.

    He had to impliment a voluntary program of oversite because he had no power to oversee them because of GLB 1999act.

    He stated it as the main reason for the economic disastor the the Rs produced here. Same shit that happened when the R held the entire gov back in the 1920s
     
  6. mash107
    Offline

    mash107 Active Member

    Joined:
    Dec 24, 2008
    Messages:
    570
    Thanks Received:
    82
    Trophy Points:
    28
    Ratings:
    +82
    rofl. securities was unfettered according to a regulatory body whose sole purpose is to regulate securities... and whose budget is nearly $1b/year?

    How does that .... make even the least amount of sense?

    Madoff was able to scam people because of the SEC, not despite of it. People didn't check where they were putting their money since Big Brother surely had their backs... but, like the people of New Orleans, they got nothing but false promises.

    Make no mistakes about it-- we -are- living in a command economy system.
     
  7. Agnapostate
    Offline

    Agnapostate BANNED

    Joined:
    Sep 19, 2008
    Messages:
    6,860
    Thanks Received:
    344
    Trophy Points:
    0
    Location:
    The Quake State
    Ratings:
    +344
    Socialism does not exist in Europe, since socialism necessitates the collective ownership of the means of production. While social democracy is not an optimal economic system, it remains a brand of capitalism superior to its liberal democratic variant practiced in the U.S., particularly in terms of social benefits. Nor is there a good deal of evidence that indicates that there are efficiency losses as a result of this.

    Unfortunately, I had the relevant study that I wanted to post regarding social democracy and efficiency saved on my laptop, which is being repaired, and I don't remember it offhand...
     
  8. Red Dawn
    Offline

    Red Dawn Senior Member

    Joined:
    Jul 19, 2008
    Messages:
    3,224
    Thanks Received:
    456
    Trophy Points:
    48
    Location:
    Liberal Socialist Paradise
    Ratings:
    +456

    What a communist. :cuckoo:

    Everyone knows the markets are self-correcting and self-policing.
     
  9. Zoomie1980
    Offline

    Zoomie1980 Senior Member

    Joined:
    Jan 16, 2008
    Messages:
    1,658
    Thanks Received:
    128
    Trophy Points:
    48
    Ratings:
    +128
    There is nothing wrong at all with mostly unregulated capitalism IF you don't mind WILD swings in economic activity....the preverbial boom-bust cycle. Businesses and a lot of citizens would rather prefer longer, less extreme business cycles. The problem since the Reagan era has been too many revel and celebrate the big booms but whine like spoiled school girls not getting their way when the equally tough busts come along.

    There is NOTHING wrong with this recession at all. It is merely the payback from the orgies of runaway housing and commodity speculation, fueled by fiscal policy artificially lowering interest rates. The more extreme the up cycle, the more extreme the down.
     
  10. Zoomie1980
    Offline

    Zoomie1980 Senior Member

    Joined:
    Jan 16, 2008
    Messages:
    1,658
    Thanks Received:
    128
    Trophy Points:
    48
    Ratings:
    +128
    They are. And that is not debatable. The spoiled benefactors of the years of boom just don't like the pain of the corrections.
     

Share This Page