Why don't we just let people do what they want in life?

[Kasz216]

sapphi_snake said:

Kasz216 said:

The above and inside job are in no way incongruent, outside of the fact that most people blame wallstreet for not buying Volcano insurance.

The economic thesis pretty much the same from what i can tell of it.

It just ignores the fact that financial instutions didn't influence government... it was that government wanted this to happen from the onset.  Afterall the real uptake in subprime morgages happened under the Democrats... by specific mandate of the demcrats for political gain. (By making the american dream more possible for americans everywhere."

Not under the Republicans who deregulated the sector. 

The demand existed, because the government artificially created it.

Heck, look at the people who predicted the economic crisis.  They include Libretarian Ron Paul.  Most of the people who predicted it were republicans as far as I can tell.  I mean, people did see this coming and were saying "Hey this is coming!"

So to blame Libretarians for this seems... wrong.  Since they were the ones saying "we've got to stop this before it happens."

 

I think your problem lies in that you think Libretrains ideas on government are "No regulations."  When it's real ideas are "Enforce regulations so things are fair".

They don't want government to play sides.

Which would make them right even if you did take Inside job's story as the truth.

Well, since we're talking about that documentary, it was saying that the Government was controlled/influenced by Wall Street, hence why it was doing, so any actions the Government did were because of Wall Street. The ideea was that the financial deregulations started by Reagan gave Wall Street the opportunity to become strong enough to have such an influence on the Government in the first place (whether it was run by Democrats or by Republicans).

Of course your ideea that the Government was doing it for political gain may be true, I'm sadly not informed enough on this matter.

Which is just a convinent way to blame Reagan.  There has never been a time where companies weren't rich or powerful enough to influence the government.

Though their tactics are a lot less direct then most people make them out to be with outright claims of bribes and the like.

Whether or not you can blame their influence is really hard to say, since like I said, it was basically something that was really good, that could end up really bad, if something that I don't think has ever happened before.  Except possibly due to the great depression.... though oddly there isn't much info on that... because i guess they just didn't record this stuff.

In case of another great depression, everyone would be scerwed anyway, and the same thing basically woulda happened even without it.  The government found a way to increase it.