Badassbab on 30 June 2011
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I believe that the problem is that we've enabled a hybrid Keynesian-Friedman alliance in which markets were de-regulated, but risk was socialized in order to spur consumer demand, which has created a screwed up market with fewer risks than what are needed to keep the market honest. The question then becomes an argument of which came first: the Keynesian policies or the free-market policies. |
Definately agree with the last statement. The risk has fallen to the tax payers to enable the profits to be privatised and the already rich to get supremely wealthy and then use the little guy to bail them out should they require it.
