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FL....E ? "Can Feminine Values Fix Finance?" (72)
This post is on the D/s & M/s web board.
22 Jan 12, 7:04 PM
ClassAct2005
UK(N), 7 yrs
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If it were a free market we would have let the banks failed.
Anyway it's very hard and not appropriate on IC to agree on these types of issues. I like calm, peaceful relationships so it helps if someone has similar views which I might describe as free market libertarian. All 3 political parties have pretty similar views sadly at present.
Ianneil wrote:
wonderer wrote:
ClassAct2005 wrote:
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I think most of us would rather be here than Cuba or North Korea or even China as it now is ...
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... or indeed in any of the South American right wing dictatorships of a generation ago. Even Cameron now doesn't find it appropriate to admit to believing in unfettered capitalism. The global financial crisis is generally agreed to have been caused by inadequate regulation, i.e. to too much freedom of markets.
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Generally agreed by those who want a soundbite solution, lack of regulation was a factor but not the cause.
There are as many elements in the crash as there are elements that make up a perfect storm.
One of the elements was ME. My house was going up in value £500 a week, why would I want regulations that might stop that. Wages were going up, plenty of jobs, what was there to regulate?? "The time of boom and bust had past." Twas fun listening to Browne try to worm his way out of that soundbite.
"We are on a permanent plateau of prosperity"...Professor Irvin Fisher said that in 1928, he was a top economic type of the time, shortly followed by the world economic implosion of '29.
Basically most people, including those who should know, have about as much idea how markets and economies work as the average Greek politician. History tends to prove that.
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22 Jan 12, 11:02 PM
MsBorgia_and_Mrk
UK, 7 mths
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well they could not let the banks fail not because it isn't a free market, and I am not saying it is, but they could not let them fail because they became too powerful printing money, and would have dragged ordinary savers and workers down....
That is why they had to be bailed out not because there is no free market.
ClassAct2005 wrote:
If it were a free market we would have let the banks failed.
Anyway it's very hard and not appropriate on IC to agree on these types of issues. I like calm, peaceful relationships so it helps if someone has similar views which I might describe as free market libertarian. All 3 political parties have pretty similar views sadly at present.
Ianneil wrote:
wonderer wrote:
ClassAct2005 wrote:
...
I think most of us would rather be here than Cuba or North Korea or even China as it now is ...
|
... or indeed in any of the South American right wing dictatorships of a generation ago. Even Cameron now doesn't find it appropriate to admit to believing in unfettered capitalism. The global financial crisis is generally agreed to have been caused by inadequate regulation, i.e. to too much freedom of markets.
|
Generally agreed by those who want a soundbite solution, lack of regulation was a factor but not the cause.
There are as many elements in the crash as there are elements that make up a perfect storm.
One of the elements was ME. My house was going up in value £500 a week, why would I want regulations that might stop that. Wages were going up, plenty of jobs, what was there to regulate?? "The time of boom and bust had past." Twas fun listening to Browne try to worm his way out of that soundbite.
"We are on a permanent plateau of prosperity"...Professor Irvin Fisher said that in 1928, he was a top economic type of the time, shortly followed by the world economic implosion of '29.
Basically most people, including those who should know, have about as much idea how markets and economies work as the average Greek politician. History tends to prove that.
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