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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (425628)	10/13/2008 5:07:04 PM
From: combjelly	Read Replies (1) \| Respond to of 1574681

"For example, it wasn't too long ago that you denied any effect CRA had on the financial crisis:" As far as I know, he hasn't abandoned that position. I haven't seen any evidence that he should.

To: Tenchusatsu who wrote (425628)	10/13/2008 5:57:04 PM
From: SilentZ	Read Replies (1) \| Respond to of 1574681

>I know you don't believe in the "invisible hand of the free market," especially these days, but it's important to point out how government all too often causes more problems than it solves. In a perfect free market, eventually one person or a few people end up with control of all of the resources. Like in Monopoly. >For example, it wasn't too long ago that you denied any effect CRA had on the financial crisis: So? It had little to no effect on it. >Scary to think that you would trust the same bozos who couldn't see the financial crisis coming with the tools to replace what we have with a highly planned economy. That's a power even the most corrupt, greedy, and power-hungry CEO could never even hope for. First of all, I never advocated a "highly planned economy." I don't think anyone here does. But there are certain regulations that are smart things to do. Second, the CEOs of most companies didn't see this coming, and helped bring this on. They would essentially be in charge of an economy with no regulation. Third, one of the nice things about the American government system is that (unless you're an "unitary executive" Republican), power is not concentrated in the hands of a few people. There's a President, 100 members of the Senate, 435 members of the House, and tens of thousands of local elected officials. Now, we need to remove their "profit motive" so that they're ultimately only accountable to people's votes and not just to those with money, but this is not about concentrating power. -Z