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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Broward Horne who wrote (86385)	9/16/2007 4:23:13 PM
From: Metacomet	Read Replies (5) of 110194

I'm honestly baffled why my government and corporations believe they can destroy the working class and not suffer some sort of bad effects. Why would you assume that this government or the corporations that run it have any particular interest in the long range consequences of what they do? The underlying danger in allowing entities with no goal other than deriving maximum profit in the near term is that they will employ policies to achieve just that. There is no ethical constraint because that is a concept that will always be forfeit if in conflict with near term profit objectives. This is the Achilles Heel of allowing a pure laissez faire, essentially a fascist party to, assume control of the government. According to the definition used by FDR, I submit that is exactly where we are: "The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power." en.wikipedia.org

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