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Or I could have posted the Shanghai Daily's highlight of San Francisco's Mayor Gavin Newsom (Yuck!)
1 posted on 01/30/2010 7:51:21 AM PST by John Leland 1789
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To: John Leland 1789

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?


2 posted on 01/30/2010 7:55:35 AM PST by edpc (Those Lefties just ain't right)
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To: John Leland 1789

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.


3 posted on 01/30/2010 7:56:06 AM PST by rbg81 (DRAIN THE SWAMP!!)
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To: John Leland 1789
Still waiting for the criminal investigations into the “worst banking crisis since the Great Depression.”

Along with fines and jail time for those who broke laws.

Waiting...........waiting...........waiting.......

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.

4 posted on 01/30/2010 8:02:09 AM PST by dhs12345
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To: John Leland 1789

It’s called a marketplace and is inherently free and must not be manipulated.


5 posted on 01/30/2010 8:03:26 AM PST by HChampagne (I am not an AARP member and never will be.)
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To: John Leland 1789
Only problem for this theory is we did not have a pure capitalist system in play here. We had a strange hybrid where a fundamentally capitalist systems was corrupted by Government policy via the semi-Goverment's organizations Fannie Mae and Freddie Mac.
6 posted on 01/30/2010 8:04:17 AM PST by MNJohnnie ("The trouble with socialism is that eventually you run out of other peoples' money" Lady Thatcher)
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To: Cacique

btt


7 posted on 01/30/2010 8:08:54 AM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: John Leland 1789
Capitalism is a pejorative term created by Marxists
to describe freedom and liberty.

8 posted on 01/30/2010 8:18:26 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: John Leland 1789

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.


15 posted on 01/30/2010 9:22:42 AM PST by Painesright
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To: John Leland 1789
Ahh, yes. That ancient, thoroughly discredited canard of that failed economic/political system, communism. Apparently, this is another group of book-smart, reality-stupid people.


19 posted on 01/30/2010 9:33:26 AM PST by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: John Leland 1789

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.


20 posted on 01/30/2010 9:44:29 AM PST by darth
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