Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bronxboy
Well, this is the problem. For some people, capitalism is a failure. Half the people in this country are below average intelligence. They couldn't turn a profit with a popsicle stand if you gave them the popsicles and made it illegal for anyone else to sell popsicles (see the post office.) So, they're not smart enough; they can't compete. They lose.

Now, compounding this is the fact that many large businesspeople aren't REALLY capitalists. They simply want the game rigged in their favor. They argue for capitalism while slathering congressional pockets to have laws implemented that have nothing to do with capitalism; only with benefit to their bottom line.

Now, this is the area where I part company with many of the Ayn Rand freepers. Without a sense of morality, and by that I mean true Christian morality, golden rule, do unto others, all that; capitalism will eat itself and become so unpopular that it will be eliminated in favor of a "fair" socialist system.

Most people don't think philosophically. They live day to day. When Citibank and others pushed through a banking bill that allowed them to jack up interest rates because a borrower got a negative credit report from another lender, take an interest rate from 6.99% to 34% if you were one day late with a payment once, charge an additional $39 for a late payment or underpayment, and THEN went to the government for a multibillion dollar buyout at taxpayer expense WHILE ordering corporate jets and paying massive bonuses, the average person isn't going to think philosophically. They're going to want someone to "nail those bastids." Here comes Obama, preaching about unicorns crapping Skittles, and he's going to make it all better. He's a flim-flam man. You know it and I know it, but Obama "feels their pain" while Citibank was sending a guy threatening letters about his credit being bad while getting Uncle Sam to buy the company hotshots a corporate jet.

237 posted on 01/30/2009 4:14:08 PM PST by Richard Kimball (We're all criminals. They just haven't figured out what some of us have done yet.)
[ Post Reply | Private Reply | To 234 | View Replies ]


To: Richard Kimball

I agree with everything you say...only I don’t think over 50 % of the people are stupid only desperate...I got laid off today...effective 4-1-2009 so I understand desperation and I got a better deal than most. People are hurting, and while I know the government played a role...Wall Street really destroyed themselves...because they were immoral-just as you noted. Average people are pissed. If Wall Street doesn’t reign itself in...the government will have plenty of support from Main Street to do it with compensation caps are some other form of control...I don’t want this, but it will happen.Wall Street, heal thyself.


239 posted on 01/30/2009 4:24:03 PM PST by bronxboy
[ Post Reply | Private Reply | To 237 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson