It wasn't a failure of the free markets


It was a failure of mercantilism.

Once again, you couldn't have sub-prime mortgages or any of the other financial shenanigans without an active alliance between certain companies and various governments.

Those companies were granted either special privileges or protections that just weren't available to other companies. That in turn is backed up by governments threatening force.

Corporate socialism. Mercantilism. It doesn't matter what you call it, it's still joining corporations and governments so that BOTH can get around the rules.

That is what failed.

And more of that is what the politicos want to inflict on the rest of us. For our own good, of course.

— NeoWayland

Posted: Sun - October 4, 2009 at 01:34 PM  Tag


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