The Financial Times are just a bunch of Left Wing Communists. Always have been. Mmhmm.
Judah On Wed, Apr 8, 2009 at 12:41 PM, Vivec <[email protected]> wrote: > > http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1 > > "*What is fragile should break early while it is still small*. Nothing > should ever become too big to fail. Evolution in economic life helps those > with the maximum amount of hidden risks and hence the most fragile > become the biggest. > > 2. *No socialisation of losses and privatisation of gains*. Whatever may > need to be bailed out should be nationalised; whatever does not need a > bail-out should be free, small and risk-bearing. We have managed to combine > the worst of capitalism and socialism. In France in the 1980s, the > socialists took over the banks. In the US in the 2000s, the banks took over > the government. This is surreal. > > 3. *People who were driving a school bus blindfolded (and crashed it) should > never be given a new bus*. The economics establishment (universities, > regulators, central bankers, government officials, various organisations > staffed with economists) lost its legitimacy with the failure of the system. > It is irresponsible and foolish to put our trust in the ability of such > experts to get us out of this mess. Instead, find the smart people whose > hands are clean." > > > There's more at the link. Interesting stuff :) > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:294480 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
