"Every western country in the World has some socialism, i.e.,
government spending during bad economic times to soften
the impact on employment. So, someone always gets bailed out -g-
We still have a lot less
socialism than others. Obviously, that's an evil for the
economy, since it creates less efficient enterprises, but
since this evil exists everywhere, you can say it's a necessary
evil (to create jobs or slow down the shedding of jobs). Fascism is a political structure, which
has little to do with economic bailouts, but in the presence
of huge corruption the two go together. I don't think bailouts
imply fascism."
the evil only creates more problems, as austrian economists would comment...they have been teaching this for a long time, with little regard from others, as the problems had not become catastrophic...now that they are catastrophic, we still do not find our path, we have left it so long ago that we dont know what it looks like anymore, and have no way to even think about it..the only thing we know now is to print, borrow and spend...rather than save and invest and protect the integrity of our money.
robin |
