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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (614364)6/2/2011 3:55:48 PM
From: combjelly  Read Replies (1) of 1578137
 
"Every attempt at communism or socialism eventually ends up in failure."

Half right. This, of course, isn't relevant to the discussion.

"Boom and bust cycles are a fact of life, not the result of laissez-faire policies."

First part is incorrect. The second only partially so.

"The hands-off approach accepts that fact and puts faith in the private sector being able to absorb it all."

And that has been proven to not be the case.

"The government-managed approach is based on the quixotic notion that regulators can control the tides of boom and bust."

Nothing quixotic about it. At the very minimum, it moderates the busts so the majority doesn't loose everything they have.

"It never works because politics almost always messes up the process"

Nonsense.

"Even the most recent fiscal crisis was helped along by politicians who wanted to cash in on the real estate craze."

Possibly, but I haven't seen any evidence of that. Perhaps you can supply some?

The most recent fiscal crisis is the result of the steady dismantlement of all the safeguards put into place since the Great Depression. We finally got the right combination of lack of safeguards, coupled with the unlimited greed of the financial industry. Because their greed is unlimited, as is the effects.

Why do you hate the middle class so much?
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