[TheEngineer]

http://mesosyn.com/mental6-2l.jpg

[tysonstorm]

Originally Posted by TheEngineer

http://mesosyn.com/mental6-2l.jpg

Strange, when I saw that pic I was reminded of bank bailouts and corporate welfare.

[Majlis]

Originally Posted by tysonstorm

Strange, when I saw that pic I was reminded of bank bailouts and corporate welfare.

Well bailing out the banks was socialism ("From each according to his ability, to each according to his need") - it certainly was not capitalism was it?.

[andykn]

Originally Posted by Majlis

Well bailing out the banks was socialism ("From each according to his ability, to each according to his need") - it certainly was not capitalism was it?.

No, it was the (inevitable?) failure of capitalism.

[Majlis]

Originally Posted by andykn

No, it was the (inevitable?) failure of capitalism.

Capitalism wasn't tried. The default reaction was Socialism.

[andykn]

Originally Posted by Majlis

Capitalism wasn't tried. The default reaction was Socialism.

Because almost everyone could see how disastrous letting Capitalism continue would have been.

[Majlis]

Originally Posted by andykn

Because almost everyone could see how disastrous letting Capitalism continue would have been.

So you say - we will never know. meanwhile your socialist response has created dozens of zombie banks and cause the biggest sovereign debt crisis the world has ever know - yes a massive success for socialism.

[Meilie]

Originally Posted by andykn

No, it was the (inevitable?) failure of capitalism.

The subprime mortgage crisis all began with the Community Reinvestment Act of 1994.

http://theaffordablemortgagedepressi...-strategy.aspx

Your fanciful notion that 20 or 30 years of unfettered capitalism caused the credit crunch is crazy. It was the government telling the banks what to do all along, and that's not capitalism.

[thms]

capitalism illustrated

http://3.bp.blogspot.com/--qkLhVKLGJ...capitalism.jpg

[Auld Snody]

Originally Posted by Majlis

So you say - we will never know. meanwhile your socialist response has created dozens of zombie banks and cause the biggest sovereign debt crisis the world has ever know - yes a massive success for socialism.

It just might not be capitalism but it certainly isn't socialism. What it most probably is, is statism

[tysonstorm]

Originally Posted by Majlis

Well bailing out the banks was socialism ("From each according to his ability, to each according to his need") - it certainly was not capitalism was it?.

Corporate Socialism or Corporatism as it's now known is a far cry from the standard Socialism which the op is attempting to ridicule.

[jcafcw]

When does the swimsuit edition come out?

[Majlis]

Originally Posted by tysonstorm

Corporate Socialism or Corporatism as it's now known is a far cry from the standard Socialism which the op is attempting to ridicule.

Not really - it still involves taking from those that have to give to those that dont - irrespective of personal responsibility.

[ThePhotographer]

Sums up the socialist attitude perfectly. Anyone who has a left wing point of view should be considered to be a thief.

[spiney2]

i thought bailing out banks was Pragmatism. given teh alternative.

off topic : would The Engineer be a reference to This Island Earth ?

[andykn]

Originally Posted by Majlis

So you say - we will never know. meanwhile your socialist response has created dozens of zombie banks and cause the biggest sovereign debt crisis the world has ever know - yes a massive success for socialism.

Capitalism created the zombie banks, socialism just stopped them dragging the world economy completely down with them.

[andykn]

Originally Posted by Meilie

The subprime mortgage crisis all began with the Community Reinvestment Act of 1994.

http://theaffordablemortgagedepressi...-strategy.aspx

Your fanciful notion that 20 or 30 years of unfettered capitalism caused the credit crunch is crazy. It was the government telling the banks what to do all along, and that's not capitalism.

Republican myth. It's like saying the crisis started with whoever dreamed up mortgages. The CRA, it's predecessors and successors (the idea came from Carter's time AFAIK) was about forcing mainstream banks to lend to those who only fringe lenders would lend to, not to those who no-one should or would normally lend to.

[Majlis]

Originally Posted by andykn

The CRA, it's predecessors and successors (the idea came from Carter's time AFAIK) was about forcing mainstream banks to lend to those who only fringe lenders would lend to, not to those who no-one should or would normally lend to.

There was a reason why only lenders on the fringe would accept those clients. Forcing the mainstream banks to relax their normal lending criteria worked wonderfully didnt it?

[GreatGodPan]

I find it hilarious that some posters on here seem to think that the state lurches from Capitalism to Socialism (when failing private concerns are bailed out) and then back to Capitalism again when that has happened.

The fact is that we have lived in a Capitalist state for centuries - having a state-provided health service or propping up the regular failings of the system with public cash doesn't change that.

The government of the day serves the vested interests - the Establishment - and that Establishment most certainly does not operate in the best interests of all, but themselves, the small minority.

The use of taxpayers money in the rescue of institutions is purely in the interest of the system - Capitalism.

[Clarisse76]

Originally Posted by GreatGodPan

The government of the day serves the vested interests - the Establishment - and that Establishment most certainly does not operate in the best interests of all, but themselves, the small minority.

As opposed to socialism where the government serves itself and does not operate in the best interests of all, but itself, the small minority.

[Frood]

Originally Posted by ThePhotographer

Sums up the socialist attitude perfectly. Anyone who has a left wing point of view should be considered to be a thief.

Stupid post of the day.

[trevgo]

Originally Posted by andykn

No, it was the (inevitable?) failure of capitalism.

As opposed to the glorious success of socialism, as seen in countless countries around the world.

[tysonstorm]

Originally Posted by trevgo

As opposed to the glorious success of socialism, as seen in countless countries around the world.

Which countries have had "true" Socialism?

Socialism, proper Socialism in it's purist form is still a theory. States claiming to be Socialist but advocate Capitalism are not Socialist in the true meaning just as we who live in the "free world" are not really "free".

[Frood]

Originally Posted by trevgo

As opposed to the glorious success of socialism, as seen in countless countries around the world.

Well certain countries that have moved partly in that way, such as Sweden and Norway, seem to have made it work.

And there are so many where unbridled capitilism is a disaster for a large part of their population.

[johnnybgoode83]

What we have in this country is not Capitalism. Capitalism gives anyone with ability and desire to work hard the opportunity to succeed but what we have only lets people with the right connections succeed and it only allows existing businesses to hold on to their monopolies at the expense of new start ups. This is not Capitalism.