Free-market dogma led to crisis
With the turmoil on Wall Street thanks to years of fun with laissez-faire, hands-off economics, and 19 people dead from a disease outbreak in the context of an inspection system that has been forfeited to the food industry itself due to purely ideological, experimental grounds, and a faith that somehow the "market" can solve our climate crisis, it is truly remarkable that poll numbers in both the United States and Canada show that over 40 per cent of the electorate (enough to form a majority government in Canada) in both countries supports more of the same.
News flash: free-market economics does not work, there is no way to run an economy without the hand of government, it is self defeating. Each time it has been attempted, the stock markets face one crisis after the next.
Nobody should be overly surprised by the latest fiasco in Washington. Whenever we have eight years of Republican rule, this seems to happen. Under Ronald Reagan in the '80s, we had the savings and loan scandal, followed by the October '87 stock meltdown, followed by a five-year recession. In the 1920s, three Republican presidents in a row led to the Great Depression.
My guess is Bush was hoping this whole thing would not collapse until after the election.
