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 : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: puborectalis who wrote (36761)4/1/2011 11:09:38 PM
From: John13 Recommendations  Read Replies (1) of 71479
 
your knowledge of economics is sorely lacking....having GM and the big banks go under would have had a devastating effect on unemployment as all these industries are interconnected.

The flaw in your logic is two-fold. First, you are assuming that GM and the larger banks would have failed. Second, you are assuming that in the wake of such failures new corporations with superior business models and healthy balance sheets, would not have emerged to fill the void left by GM and the failed banks.

Assuming the failures occurred, resulting in the elimination of GM and several large banks from the playing field, the need for automobiles and banks would have remained. Consequently, new corporations would have emerged to meet those needs.

Capitalism excels at purging failures, mitigating inefficiencies, rewarding superior business models, and enabling corporations that have healthy financial plans and balance sheets.

In contrast, fascism excels at protecting the status quo, rewarding failed executives, and preventing the emergence of newer corporations with superior business models and healthy balance sheets.

I guess the Holocaust was a myth too.

Why would you interject an asinine non sequitur into the conversation?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News