SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (50827)6/2/2009 11:33:15 PM
From: pater tenebrarum67 Recommendations  Read Replies (6) of 217537
 
Laissez-faire capitalism has its flaws. Inequality and social stress are just two of many less-than-desirable side effects. The side effects most relevant to the current situation are, of course, the speculative bubbles that cause recessions when they pop.

if i read one more time that 'laissez faire' is to blame for the bubble and recession i will likely spontaneously combust.

just to clear this up: 'laissez faire' capitalism refers to a free market system. in a free market system, the role of the state (if there has to be a State at all, that is, given that the notion that the State is a necessary evil is more than just a little dubious) is to provide courts, a police force and national defense. That's all.

A country in which government spending is more than 40% of national income is not a free market system of laissez faire capitalism. the very idea is laughable.

i will provide a free service and rephrase the stratfor sentence:

Constant government intervention in the markets has nothing but flaws. Inequality and social stress are just two of sheer innumerable less-than-desirable, if not to say , scandalous and utterly revolting, side effects. The side effect most relevant to the current situation is, of course, the biggest speculative bubble of all time that has just popped and that will more than likely cause a depression - especially as the government intervention has now intensified even more.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News