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Politics : BuSab
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To: Libbyt who wrote (149)2/27/2009 4:16:29 PM
From: Jorj X Mckie  Read Replies (2) of 23934
 
I certainly agree with parts of it too.

But one thing that people keep on talking about is the failure of capitalism. Capitalism and the free market died with FDR.

It's like California's energy crisis a couple of years ago. It was blamed on deregulation. But the deregulation was a farce. Locking down rates for users while the energy companies had to pay street prices for the energy (also while California restricts the power that energy companies can buy....no coal. And doesn't allow proper maintenance on existing plants such that they get shut down and don't come back online).

Deregulation sounds like it's free market friendly, but it isn't when it hamstrings the provider.

It was the government regulation that allowed the "BankAmericrime" situations to get locked in place. Otherwise they would have been swallowed by the market.

We are in our current situation because of 60+ years of government intervention. More government intervention is just going to lead us to a worse place.
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