Face it, TB. Capitalism has proven fatally flawed if the raw greed factor of human beings isn't mitigated through regulation.
The Libertarian financial ideas have been destroyed. They don't work for human beings. See Enron for a case study. Then read WorldCom. (By the way, I have no doubt you will say unregulated capitalism worked just fine. Or that hedge funds were regulated, or weren't capitalism, not real capitalism. Or hedge funds weren't the problem. Even standing in the shambles there will be some way to excuse and deny. I realize that.)
Now socialism, that financial model which Conservatives have bestowed upon America, socialism needs to be mitigated, too. An allowance must be made to permit and respect the influence of capital. We will need to adapt fast to our newfound government takeover of the financial world.
Neither socialism nor capitalism will work in their pure state for the majority of people.
Current Events » in reply to Does "government management" have a better ring than "government regulation?"
Heh, heh. Either has a better "ring" than bonuses to broke to depression to bailout to bonuses.
