One thing in common for those countries, rick or poor, capitalism or socialism, that were hit by the financial crisis is bankers are allowed to play money game; One thing in common for those countries, rich or poor, capitalism or socialism, that were not hit by the financial crisis is that bankers are not allowed in, the later are Northern Europe and emerging markets. Is that clear?
Why Capitalism Is Failing
- Thread starter Lucias
- Start date
Fine, but realize your objections to the present reality may be partly due to a failure to regulate intelligently, and dispassionately with loss of free markets as a result. Furthermore the failures of government can often be traced
to private sector interference, and government's complicity.
There are some people who believe that no governmental body can do anything so well as the private sector, in spite of their being no evidence to support this radical position.
Capitalism will fail till US Visa/Outsourcing is linked to Caste system in India http://goo.gl/8NAlY
and Human Rights in China http://goo.gl/8wiUq
and Human Rights in China http://goo.gl/8wiUq
I do believe the American people are different from Europeans. That is why in my view there is hope in America and Europe is in for a lot of trouble. I am not saying there are no serious issues to be resolved or that the solution will be painless and quick.
Look at the recent subprime issues. America spent a lot of money, has been resolving bad banks, created one (more honest) stress test, is discussing the real issues.
Europe blamed the whole thing on America ignoring their debacle in Iceland, did a fake stress test, did another fake stress test, continues to ask for handouts from the rest of the world, tells world leaders to mind their own business (unless they are willing to send money into the black pit), all the while displaying arrogance and not having a plan. They tell China please fund our pensions in return for us closing our markets to you.
As a trader I will bet a lot more on America coming out on top that Europe and their kick the can mentality. America's true issue is political deadlock more than inability to fix it all.
Just my two cents worth. Time will tell if my view is correct or not and I hope the Europeans prove me wrong and "suck it up princess".
I believe that was oldtimer.
And I agree, it is indeed a good idea.
That is not Keynesian economics.
If so, then should also do "Social Spending".
Nobody with half-a-brain supports overzealous Defense spending... nor should they support similar for social programs. Both are leading us down the path to financial ruin... all for the "benefit" of politicos getting reelected and their supporters.
