Posted on 10/10/2008 9:40:27 AM PDT by reagankid
The End Of American Capitalism?
The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism. Since the 1930s, U.S. banks were the flagships of American economic might, and emulation by other nations of the fiercely free-market financial system in the United States was expected and encouraged. But the market turmoil that is draining the nation's wealth and has upended Wall Street now threatens to put the banks at the heart of the U.S. financial system at least partly in the hands of the government.
(Excerpt) Read more at washingtonpost.com ...
Oh please....what tripe
The correct question would be, is this the end of socialism in America?
But you know what the answer would be already.
The American people will bring this country back......if Obama is not elected. Obama will tax you to the point that you will not have a say in anything he or a democratic Congress says. Put McCain in office. He loves this country and will do anything he can to help us. Give him the control he needs. If we don’t do this........LOCK AND LOAD.
If the author were honest in assessing even a portion of the blame, the question would be:
“Is this the end for American-style government?”
Didnt say I agreed with the article but did you take the time to even read it?
“The End Of American Capitalism? The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.”
We have capitalism in this country when the government passes laws forcing bad loans and then the government comes out and complains companies are actually conforming to their laws.
Also, since every market is down, why is this a capitalism failure as opposed to a socialist failure.
Will it still be tripe if Obama is elected? What about American constitutionalism, will it survive?
Actually the end of 20 years of a fed inflated credit bubble to support the crony capitalists who have ripped off the economy, we might finally return to free market capitalism, where people save, and where credit is used for investments in the means of production.
Well put...the article should read...
THE END OF AMERICAN CRONY CAPITALISM?
We do not want the world’s biggest banks, we want the world’s largest and most active bond and equity markets.
YES!!! You are right.
The markets will rally like you have never seen when McCain is elected.
People are scared of the polls and dumping their stocks...
Business Week in August 1979 trumpeted “The Death Of Equities”. It’s a bullish sign to get a headline like this in WaPo
This article doesn't ask the tough questions about regulation of world markets - what are the rules, who sets those rules - but just asserts that it's time we had them, screw you American capitalist.
You can bet the world Left is just drooling over the possibility of chaining down the American economy with its version of fairness.
When those who take risks in the market decide that the risk is too great, they have every right to pull out, to cash in and take what they can. When the government, or any world economic body, decides that it wants a cut of the profits, because it will absorb the losses, then we have lost our economic system to the greedy hands of the takers. The hand is slapped back, and surely it will be, by the decline in investments which will result from the the “regulation” of the markets.
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