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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Condor who wrote (10360)10/22/2008 3:07:41 PM
From: Jorj X Mckie1 Recommendation  Read Replies (2) of 33421
 
which case is that?

just because they are not faceless and not evil doesn't mean that we should go out of our way to reward irresponsible greed. This is whether we are talking individuals or corporations.

The simple fact is though that we have a situation, people are getting hurt, deserved and not so deserved.

Going back to the original topic, is unfettered capitalism a better response to the situation or is a more government intrusive approach better?

My argument is that the government should do nothing. Let the chips fall where they may. Any bailout package and any economic stimulus package is just being funded by you and me. Moving money from one pocket to another doesn't help anything and exposes the money to risk in the transfer. And there is a cost to more regulations. A cost in innovation and a real dollar cost to you and me.
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