Sure, I can explain it. I don't believe in the kinds of free markets the GOP believes in. They want laissez faire, zero regulation free markets. However, I don't believe in free markets like the Dems believe in them, which is where you allow free markets to run, but when they run into trouble, you socialize private losses, bailout banks and other private enterprises.
The kind of free markets I believe in are those with a heavy dose of regulation to make sure that nothing criminal is going on, but if the private enterprises, like banks, take too much risk, then you let them fail and let them go through bankruptcy proceedings with no government interference. This is how free markets should work. Free market mechanisms would punish the very people who took too much risk, including the house buyer who bought more house than he could afford and the banker who lent him the money to do it, even though the house buyer couldn't provide proof of income. The free markets would wipe out the banker and the home buyer, but leave all the responsible people intact.
Properly regulated free markets are very moral. The free markets of the Dems and the GOP are immoral. The GOP free markets place corporate profits above the good of the people and Dem free markets socialize private losses from irresponsible people. So Dem and GOP free markets are immoral. Free markets as I have described them are the most moral you can get in capitalism.
Does that help clarify my position? |
