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The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor -- not by force, but on the whole in faithful compliance with legally established rules. In this respect, it is important to realize that the means of production -- that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods -- may legally be, and for the most part are, the private property of individuals.
Originally posted by xpert11
reply to post by spacedoubt
IMO some of Ron more moderate economic ideas tend to be spot on and in essence this is one of those times . Rewarding bad bussiness practices with loans and subsides only leads an endless loop of failures that can only be broken by letting a company go broke .
Originally posted by ProfEmeritus
reply to post by spacedoubt
As usual, Dr. Paul speaks the truth, and few listen. If Congress had been listening to him all these years, we wouldn't be in the financial mess we're in today. That is a fact. Any illusion that people have that any of these bailouts will do any good should disappear, as the big 3 are whittled down to the little 1, with perhaps Ford surviving in a much smaller capacity. Of course, the $700 billion bailout has already failed. Credit has not loosened up, and half of the money is already gone. However, there are some that are benefiting, the execs that are still getting those huge bonuses and salaries for the "wonderful" job they did. 10% of homes are now either in foreclosure or in jeopardy of foreclosure. I hope people that are fortunate enough to still have a home really like it, because you will probably be buried in it.