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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: biotech_bull who wrote (92230)10/28/2008 10:34:36 AM
From: thames_sider  Read Replies (1) | Respond to of 541582
 
Obviously none of those options are desirable

I tried to phrase them fairly neutrally. It's hard.
I'd agree that stated so boldly none sound fantastic: but then, unless you're the recipient, nor does any taxation. It's just the alternatives are IMO worse.

I'd hope the emerging economies don't retreat from the capitalist free market model on account of this mess
I'm not so worried about that: I think capitalism has sufficient basis in success that the extremes don't invalidate the principles. We might see more approaches to the Asian (not just Chinese) style of managing and planning growth, but I'm not sure yet whether this is necessarily a bad thing,

I'd be more concerned that - as with SOX - the wrong solutions are put in place, so we end up dealing not just with more but with the wrong regulations: and the wrong people continue to get away free and enriched at general expense, leaving bigger and nastier messes behind.