Quote:
Originally Posted by griffin8r
But... but... how will our consumer-driven economy continue to function without easy credit?  |
What do you mean continue? It is totally dysfunctional and has been for a long time. This is just the price we are paying for living in la la land. It will "correct" and rise from the ashes like a phoenix, then crash again. There needs to be a better blend of socialism (planned economy) and capitalism (market driven economy). What we have at the moment driving our "free" market is a buncha wired gamblers hoping that Florida freezes and their orange futures make them rich. Manipulating the price of oil and energy to make huge profits, and pharma companies getting rich off of sick people. There are sectors of the economy that should not be left in the hands of those whose only purpose is to make money and don't give a rat's ass about the social consequences. On the other hand, government has not done such a great job of running any kind of business. But no worse than the wall street and detroit bandits who seem to be born again socialists when they need rescuing. Imagine if you could go to Vegas, lose your shirt, and Steve Wynn walks up to you and buys back your losses. Live by the sword, die by the sword. Its what we do.
Fortunately for me, Canada looks after its citizens a little better so we do have safety nets that are nice to have in our hip pocket. The number one being medical. I think that is the tip of the iceberg in a more balanced economy. A better distribution of the wealth. The rich don't have to be so stinkin' rich and the poor shouldn't be so desperately poor.