Originally posted by sasguru
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Maybe we should take Eugenics more seriously?
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Originally posted by sasguru View PostWe should have supported indigenous manufacturing, yes.*
We should have tried harder to not throw out the baby with the bathwater.
Everyone else does it, not least that bastion of free enterprise, the US.
*Even the Tories are making noises about this now.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by Robinho View PostEssentially it is all self-regulating in the end though. What we have just got is a huge learning lesson in the age of financial deregulation. Does that mean we should slap all the regulations back on? No, we should just think more carefully about getting that crazy mortgage on a pauper's wage. In addition the government shouldn't deficit spend during the boom years.Comment
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Originally posted by Robinho View PostNo this is exactly what Anarcho-Capitalism or Libertarianism does. Fascism control large parts of the economy - this is not capitalistic. Punishment of the working class is not a capitalistic concept. Collective bargaining is capitalistic - capitalism is about negotiating for the sale of goods and services. What is not capitalistic is giving trade unions unnatural rights.
But we may have to agree to disagree.Comment
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Originally posted by ZARDOZ View PostIt's not though is it, the market spectaculary failed and the Taxpayer had to underwrite that failure otherwise the whole system would have imploded. If something isn't done it WILL happen again. What was allowed to happen was madness.Comment
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Originally posted by sasguru View PostIf the liberalisation of markets had not been allowed, perhaps we wouldn't have had the illusion of wealth that the City and Wall Street seemed to create over the last 25 years.Comment
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Originally posted by BrilloPad View Postits been downhill since we went off the gold standard.Comment
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Originally posted by Robinho View PostThe key to a good economy is to minimise government intervention. There is basically no need for it at all.
Do you truely believe that without regulation and intervention from governments , business will behave?
The only mandate is to maximise profits.
Holy hell, this statement really does scare me.Comment
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Originally posted by Old Greg View PostState control under fascism is substantially overstated because it is viewed within the context of the war-time economy. And in any case you are, I think, confusing capitalism with free market capitalism. Capitalism dies not require free markets. It requires the ability to deploy capital for profit and the less restrained that deploymentl, the better.
But we may have to agree to disagree.Comment
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Originally posted by Scoobos View PostThats scary to me.. very scary.
Do you truely believe that without regulation and intervention from governments , business will behave?
The only mandate is to maximise profits.
Holy hell, this statement really does scare me.
The government must protect property rights and contract laws and that is more or less it.Comment
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