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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (88164)10/30/2007 11:58:09 AM
From: Proud Deplorable  Read Replies (2) of 110194
 
"And what is the definition of socialism ? - Government intervention in the economy."

Good thing there is government to stop Capitalists. So where do YOU draw the line? Can't have your cake and eat it too.

In my opinion the government should have done what they did in Shanghai last Fall....bring in a speculators tax. Or like Australia did, forbid the sale of existing residential real estate to offshore investors. The way I see it is capitalism is precisely what created the bubble...GREED AND EXPLOITATION of those who are less educated. The fact is Wall Street, not the government preyed upon the poor and needy but the stupid young people also got burned as well.....The American Way

"Police have rescued 14 children from a New Delhi sweatshop at the centre of a scandal involving US clothing giant Gap."


"Many of the children are conned from their parents by unscrupulous people-trafficking operations," Mr Ribhu said."



"The children are aged eight to 15 and at least three of them have told me already that they were working for no pay at all."

A Capitalist version of a bag lady....the GAP between the rich and poor is widening in the USA....socialism would be the cure not the disease.

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