The end of free-market fundamentalism
source: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=2415
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- Vierotchka
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Amid the chaos and chatter about this week's financial bailout, one clear theme emerged in some quarters: The era of free-market fundamentalism is over. But is it, really?
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themanwithadog
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A solution to the problem is so simple it cannot work. Why not suspend all activities of the hedge funds mafia and bring in laws compelling them to turn all their combined profits and assets over to government.
Their combined efforts have destabilised the whole economy and we have allowed it to happen
- 3 years ago
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themanwithadog
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oldgerman
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No it is not, but the greedy ones are cut back, at least with there income but also going to court - I hope
- 3 years ago
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oldgerman
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simonedward
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Getting rid of regulators, and regulations is the easiest way to get away with an illegal war.
- 3 years ago
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simonedward
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darkhorsejim
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I believe this to be an historical misnomer-the market has never been free.
- 3 years ago
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darkhorsejim
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neocongo
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Exceptional, on the money article.
This crisis is going to suck huge. Possibly more than anything we've experienced in our life times. But it is also a tremendous opportunity for change. An opportunity to take back our government from corporate America, and an opportunity to put Capitalism in its place as a tool for all people and not a form of government or an institution for reverence and worship.
- 3 years ago
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neocongo
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regjoeschmo
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Just as carl marx had theorized, capitolism is ultimately going to turn into socialism
- 3 years ago
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regjoeschmo
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vladbox
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American capitalism is dead, Friedman Theories are dead. They relied on the principle that natural resources are infinite, that capital markets make people instantly capable to fend for themselves, also that people WILL be productive through their life spans also they do not address that greed is a major psychological component of the capitalistic mentality.
By not addressing Demographics and social economics we are doom to fail. Now, free markets can thrive if there is significant and true cooperation between nations if the markets address the components that make societies distinct and unique, where social needs are addressed in front of private interest, where natural resources are manage according to feasible goals. Oversight must be impose because it is embedded in our human nature to be controlling and therefore greedy. All these situations can be avoided.
The US thrives on individualism and false ambition, based on principles of greed such as the notorious "American dream" 90% of the population suffers of many different social maladies (huge debt, lack of basic health insurance, lack of education) believing all their lives that they will, one day be like Donald Trump and that the other side is bad. Well, social nets are destroy, infrastructure decays and they find themselves in the most precarious condition of having to trust a Govt that does not have the tools nor the control over the feeble economy.
The sad future is that different from countries such as Canada or France where (imperfect as it may be) these problems are somewhat addressed, people here will have nowhere to turn and their world will crumble in an instant , and this is a recipe for disaster.
- 3 years ago
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vladbox
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sespian
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vladbox:
I agree with your comment except for the following:
The government is controlled by the elite and therefore they have the ability to control the economy and actually do so. This is a conspired plan of action to collapse the US dollar and the world economy which is based on the US dollar as a standard. (Sorry, but Canada and France won't escape this and their economy is controlled by this same elite by proxy)
US imports more goods from Canada than any other country. As the US goes, so goes Canada.
- 3 years ago
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sespian
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themanwithadog
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vladbox:
Parts of your theory seem a little over the top but I do agree with the your idea of the "elite" being in control.
Over here in the UK prime ministers and ministers come and go but the "mandarins" of Whitehall are constant and it is they who are the real policy makers. I cannot see them going so far as to destabilse the pound that is being done by the greed of the banks
- 3 years ago
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themanwithadog
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