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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (138059)	10/3/2013 7:18:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Capitalism is dying. We need a new model. And why might that be? Could it be because the GOP wants to destroy the laws and regulations that make for a properly regulated Capitalist economy, while the Dems refuse to prosecute the criminals in the finance industry that caused the meltdown in 2008 from their fraudulent, collusive games? Capitalism isn't dying. The rectitude of our society and the willingness to legislate and regulate our economy is dying. Fraud, endless greed, cronyism, fascism, and the nanny state is taking the place of Capitalism. We don't need a new model. We need to execute the laws and regulations we already have and create new ones to replace old ones like Glass-Steagal that were ignorantly dismantled. Capitalism remains the greatest wealth creation machine every created capable of lifting all boats. Socialism and Communism remain the guaranteed way to destroy the productive capacity of a society over the long run, with the very real risk of a Dictator or Autocracy taking the reigns of power within that system. I'll choose Capitalism any day over any other model, because I am a student of history and history tells us this is the best economic model. But forget the debate. The very fact that I must debate members of this thread on whether or not Capitalism is the best model is the problem itself. Many Americans no longer believe in Capitalism and are desirous of the nanny state. We've lost our way and the consequences will be profound for our children, who will grow up much poorer, with fewer freedoms and a suffocating government watching their every move and telling them what they can and can't do on the most minor of decisions. We are going to resemble Russia and Cuba and all those who are calling for this now will live to regret their stupidity.