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.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JBTFD who wrote (119552)12/10/2011 12:00:26 PM
From: Jorj X Mckie4 Recommendations  Read Replies (2) of 224748
 
Those questions are crafted from libertarian talking points. The real questions we face are not quite so simplistic. You present a false choice.

For example with financial regulation, I could live with minimal regulation if and only if the people who make bad bets and lose are allowed to fail. But now we have a situation where they are bailed out instead of being allowed to fail.

So we have precisely the worst of both worlds.

Now the financial corporate entities are restructuring and doing everything possible so that when they fail this time, and they will, the loss will again be passed on to the suckers, the taxpayers

I disagree that it is a false choice. I think my question gets right to the heart of the matter. But we are in absolute agreement about the need to let companies fail that deserve to fail. And in fact, we need to send some of the corporate heads to jail too.

We gave politicians too much power. The regulations that they put in place benefit the incumbent corporations that are paying the politicians off. Those regulations obviously didn't stop any malfeasance and instead, ended up being part of the reward system that kept the undeserving companies alive. Our politicians set up the financial collapse and then they rewarded the bad actors. Clearly our politicians were given more power than they could use ethically.

Instead, our politicians are getting rich on what amounts to modest salaries. And it ain't because they are financial geniuses.
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