Were it not for capitalism, they would not be in the position in which they currently find themselves. Who do they think bought all their crap?
Guess what? Every human system is imperfect and (thus) holds the seeds of its own collapse. The only hope is that you have wise leaders who combat the encroaching inertia and stave it off as long as possible.
Along with fines and jail time for those who broke laws.
I wonder if those in power don't want any investigation because it might implicate some high level politicians and others.
And we “stupid” Americans are too busy to demand these investigations.
Conspiracy theory: maybe it was part of a greater plan to strip wealth out of the middle class. You know that people like Soros made out like bandits.
It’s called a marketplace and is inherently free and must not be manipulated.
Capitalism is a pejorative term created by Marxists
to describe freedom and liberty.
The free market did not cause this crisis, the government did.
The free market did not take us off the gold standard, the government did.
The free market did not dump trillions of dollars of cheap money into the system, the government did.
The free market did not create multiple trillion dollar entitlement programs, the government did.
The free market did not create Fannie Mae and Freddie Mac (and let’s not forget Ginnie Mae and Sallie Mae!), the government did.
The free market did not write a tax code that favors one product (real estate) over others, the government did.
The free market did not pass laws that force banks to lend to those who do not qualify for a loan, the government did.
This crisis is the result of a giant social engineering experiment and vote-buying scheme gone tragically wrong.
The free market does not try to engineer society or buy votes, the government does.
The government caused this crisis, the free market did not.
The government cannot fix the crisis, the free market can.
There is a bit of truth in the idea that markets do not always behave in a rational manner. That said, the last thing we need is “crony capitalism” like we have now where various interests buy favors by bribing politicians and civil servants.
My old Econ prof (a stock market genius who made a lot of clients wealthy) had me read the book, “Extraordinary Popular Delusions and the Madness of Crowds”. The parallels to the recent world wide Bubble in many classes of assets and the subsequent Bust are an old story. The Missiissippi Bubble, the Tulip Mania, and many other bubbles happened hundreds of years ago. Human nature has not changed.
I think the Global Warming scam/religion is a modern example of an “extraordinary popular delusion”.
Studying history helps people to identify these delusions and avoid becoming a victim.