Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
How Capitalism Help Build Socialism or..........
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="bbsam" data-source="post: 808446" data-attributes="member: 22662"><p>Wk--</p><p>Your posts, while thought provoking still lead me to the unbelievable, the dreamland, the fantasy of human goodness. That people will act in a certain way because it is in their best interest. That simply is not the case. It reminds me of the astounded Alan Greenspan testifying to Congress and in what seemed to me sincere disbelief that the banking industry could have acted so foolishly. Well, why not act foolishly? Take the short-term gains and run with it. Make bad loans, re-package them and sell them off. And who gets caught holding the bag? Tax-payers. And then we have the likes of Av8 declaring that regulation is the problem. That if banks were just left to their own devices, that government left industry alone, all would have been fine. Really? And are we to suppose that elected officials will suddenly see the light and vote in the best interest of their constituents? Or what if the best interest of their constituents is not even the best interest of the nation (example: lucrative but unnecessary millitary contracts in their state). Here's the kicker. American industry isn't about Free market. It's about winning. It's not about a fair deal. It's about maximum profit. Even though I think that your destination is commendable, I think your trust in human nature is misplaced. I see absolutely no way to get from where we are now to a true "Free market" system without a catastrophic raping of the already mugging of the American economy. It's like planning a trip to the moon in a Chevy Volt: for all I know, it may be possible, but I'm not seeing it.</p></blockquote><p></p>
[QUOTE="bbsam, post: 808446, member: 22662"] Wk-- Your posts, while thought provoking still lead me to the unbelievable, the dreamland, the fantasy of human goodness. That people will act in a certain way because it is in their best interest. That simply is not the case. It reminds me of the astounded Alan Greenspan testifying to Congress and in what seemed to me sincere disbelief that the banking industry could have acted so foolishly. Well, why not act foolishly? Take the short-term gains and run with it. Make bad loans, re-package them and sell them off. And who gets caught holding the bag? Tax-payers. And then we have the likes of Av8 declaring that regulation is the problem. That if banks were just left to their own devices, that government left industry alone, all would have been fine. Really? And are we to suppose that elected officials will suddenly see the light and vote in the best interest of their constituents? Or what if the best interest of their constituents is not even the best interest of the nation (example: lucrative but unnecessary millitary contracts in their state). Here's the kicker. American industry isn't about Free market. It's about winning. It's not about a fair deal. It's about maximum profit. Even though I think that your destination is commendable, I think your trust in human nature is misplaced. I see absolutely no way to get from where we are now to a true "Free market" system without a catastrophic raping of the already mugging of the American economy. It's like planning a trip to the moon in a Chevy Volt: for all I know, it may be possible, but I'm not seeing it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
How Capitalism Help Build Socialism or..........
Top