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

To: JasonC
The modern capitalist world is rich and will remain so, is not built on sand, and a gold bug telling you otherwise is no more plausible than a communist telling you otherwise. They've all been predicting the immediate demise of capitalism for as long as there has been capitalism and they are all idiots.

Seriously. Did you post that with a straight face? Capitalism doesn't punish people who create jobs by taxing them into insolvency. You must think it's 1986.

A capitalist system half owned by the central government is defined as something else. As someone who works on Wall Street, I can assure you that venture capitalism is on life support. Without seeders, the circuit comes to an abrupt halt at 1600 Pennsylvania Avenue.

The buying and selling of private real estate has gone out of private banks and into the federal government. You think Geithner/Obama are going to let the commercial real estate market go up and smoke, too? Hell no. They're going to own that, too. If the private sector can't even buy and sell real estate without government permission (i.e., selling back the mortgage securities, which, by the way, no one wants to buy back), it's impossible to call this trash heap capitalism.

93 posted on 04/11/2010 3:31:34 PM PDT by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
[ Post Reply | Private Reply | To 46 | View Replies ]


To: Rutles4Ever
The US is a capitalist country. I buy and sell real estate myself. I also invest, work, earn, and prosper. And your brain cracked over one weak pol after one lost election. The left are weak and they are toast in November. Meanwhile the economy is already recovering. And all the doom screeching on earth won't make it the end of the world. It just makes you a hoarse fool.
96 posted on 04/11/2010 9:13:04 PM PDT by JasonC
[ Post Reply | Private Reply | To 93 | 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