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Old 08-10-2011, 02:04 PM   #58 (permalink)
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Join Date: Jun 2011
Posts: 561

Originally Posted by Bill Haverchuck View Post
Actually, no it is not.

When I say "system", I am not talking simply about capitalism. I am talking about the American context in which that capitalism operates. That encompasses a number of issues, which have changed over the past 50 years, and not always for the better.

For one example, the role of the millitary industrial complex has changed. It's not always static.

Even 666 agrees that it's a problem. There are other variables that have, and are, changing as well.
The problem is that we are moving AWAY from capitalism. Even Republicans are moving away from free-market capitalism. It was under BUSH that we passed the largest bailout in history (TARP). BUSH spent more money than ALL past presidents COMBINED. He bailed out companies that SHOULD have failed in capitalism.

The US is subsidizing the losers (banks that made stupid decisions, e.g. 30:1 leverage). Nassim Taleb said something very wise along these lines: In America we have capitalism for the winners and socialism for the losers. We should just have capitalism. More importantly let's lower taxes because the government is becoming to burdensome. US govt debt was just downgraded Friday lol... that's the result of socialist policies... big government and overspending on everything. We just cant afford to subsidize everyone and live in a utopia.

Jeff still giving a thumbs up to all of Haverchuck's posts. I'm going to give a thumbs up to EVERYONE... f it.

I think this thread is becoming futile... no one is going to change his/her opinion. Well at least I'm not the only one supporting lower taxes, less government and so forth.

Last edited by 6cubed; 08-10-2011 at 02:07 PM.
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