Governments, at least capitailist governments, shouldn't be bailing anybody
out, individuals or businesses. We have bankruptcy laws to allow such
organizations to reorganize. If the government takes the risk out of the
equation by offering a bailout, any fool could run a business and risk
http://www.youtube.com/watch?v=GXcLVDhS8fM
http://www.youtube.com/watch?v=GXcLVDhS8fM
---In FairfieldLife@yahoogroups.com, s3raphita@... wrote:
Re Socialist programs such as bailing out the big banks:
Bailing out failing businesses isn't capitalism red in tooth and claw!
It was the
Sounds to me as if he's an expert in human nature.
And I could cite a busload of Jesus' expressions of concern for the poor and
oppressed. Plus one in particular about how hard it is for the rich person to
get into Heaven.
I don't think you've got a winner of an argument here, Seraphita.
Well, but the principles don't change. A poor person is a poor person is a
poor person no matter what century they live in or under what kind of economic
system. Nobody's suggesting Jesus was preaching socialism qua socialism or
against capitalism qua capitalism. That's a red herring. He was
Well, I'm thinking of the U.S., where capitalism is simply out of control. But
I'm not sure what Singapore et al. have to do with the lack of evidence for
trickle-down economics. And in any case the pope is talking about the current
effects of current systems, not condemning as sympathizers of
Here's an article on why Singapore would be a good model for the US. There
would be some major hurdles to overcome here before more of a State
capitalist approach would work.
http://blogs.hbr.org/2009/08/singapore-a-model-of-judgment/
