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12-17-2008, 07:29 AM
emayer wrote:
Pure capitalism is a figment of your imagination, it doesn't work neither would pure socialism. It's the combination of the two that works not one or the other. Less regulation got us into this mess. More intelligent regulation is what is needed.
You see the problem is greed, you expect a company to do the right thing, they seldom do unless they have a regulation to force them to do it. I'll use this as a prime example; last year the CEO of Gulfstream was called to testify in front of Congress as to why the trailers they sold to HUD to shelter some of the homeless near New Orleans who were recovering from hurricane damage were filled with toxic substances and made many people sick. The company was fully aware of the materials they were using. When a senator asked the CEO why they were using it his reply was " there was simply no federal regulation to say we couldn't". I watched this live at the time and couldn't believe what I was hearing. Capitalism dying? Hardly, couldn't think of a better time for people who have the balls to invest in the stock market then now!
Quote:Funny how when the gov't at least tried to add stipulations to the bailout Ford was suddenly able to walk away.... Can't help but feel the whole thing is a scam for these companies to feed cheaply at the trough while the gettin' is good.
I may be in the minority here, but I am in favor of less regulation and government intervention. The risk of this is that poorly managed companies will fail. They should. Let the people decide what companies or industries are in need of a bailout simply by taxing our personal income less so we can purchase products deemed as worthy. Perhaps some sort of incentive to purchase American based products may be a worthy consideration. Of course this will never happen because that would simply undermine governmental, lobbyist, union, and industrial power... Better they choose for us anyway right? Let's face it, capitalism is dying right before us.
Pure capitalism is a figment of your imagination, it doesn't work neither would pure socialism. It's the combination of the two that works not one or the other. Less regulation got us into this mess. More intelligent regulation is what is needed.
You see the problem is greed, you expect a company to do the right thing, they seldom do unless they have a regulation to force them to do it. I'll use this as a prime example; last year the CEO of Gulfstream was called to testify in front of Congress as to why the trailers they sold to HUD to shelter some of the homeless near New Orleans who were recovering from hurricane damage were filled with toxic substances and made many people sick. The company was fully aware of the materials they were using. When a senator asked the CEO why they were using it his reply was " there was simply no federal regulation to say we couldn't". I watched this live at the time and couldn't believe what I was hearing. Capitalism dying? Hardly, couldn't think of a better time for people who have the balls to invest in the stock market then now!
Past RTR member