autboy's Comments Stream Stats
- 22 Comments, 1
, 1 
- Total Comment Stream rating - = 0
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
MacWorld to Follow Floppy Disk Into Extinction
Auto Industry Rescue Delays the Inevitable
Chip Stocks Deteriorating Fast - FBR
The Great Consumer Crash of 2009
Things Aren't as Bad as They Seem - Barron's
Will We Know When We've Made a Low?
doesn't that simply mean "someone will find the low. Just not you."?
History Says That We'll Be Fine
Relief Rally in Pictures
lol
G-7: Nothing New
"Their leaders talked and talked and talked
but nothing could stem the avalanche.
Their world crumbled, the cities exploded.
A whirlwind of looting, a firestorm of fear."
nice last line, eh?
Fannie and Freddie Did Not Cause This Crisis
Capitalism: RIP
Capitalism is an ethical system as well as an economic system. It essentially says, 'we don't need kings or interventionist governments to oversee us or meddle in our affairs. If we create value and ensure fair markets, the role of government is relegated to rule maker and umpire ensuring that market participants play fair.'
Capitalism not only ensures private ownership, wealth creation, innovation and the rest; it ensures autonomy from interventionist government. If I behave in ways that necessitate government intervention, I am essentially destroying that system. If I want government out of my life, I behave ethically.
Sounds pollyanna, but it is really very simple. you may strongly disagree, but I am convinced the government steps in not because it is power hungry, but because it sees no viable alternative in a given case. The government didn't step in in the case of civil rights because it was looking for a convenient way to meddle. It stepped in because certain states refused to enforce Constitutional guarantees. It didn't step in during the Depression because it was feeling frisky; it stepped in because a demoralized nation standing in breadlines amid a frozen economy was unacceptable. And it didn't step in this time because of a good old boys network. It stepped in because it wasn't prepared to deal with a full blown social crisis as a result of a new Depression. It is impossible in this case - as it was during the Depression - to ignore the issue of scale.
Naive, but simple: don't want government intervention? Keep your house in order. Wanna do the whole bad mortgage/mortgage backed securities shell game? fine, but don't cry when the gov't needs to pull your ass out of the fire.
and BTW, whenever you play these stupid games of grossly irresponsible and greedy risk, you unavoidably increase the power of the government - the last fracking thing you want.
Failure of capitalism, dude. It is on US, not them
Capitalism: RIP
Capitalism: RIP
IMO, we need a 30-day moratorium on the use of "totalitarianism&... "socialism", "facism" and the like so people can bone up a little on history. When we get to the point of a police state that outlaws political opposition, sanctions gulags and concentration camps, confiscates private property, demands public loyalty to a dictator, and systematically murders anyone who doesn't toe the line, then we can talk about "totalitarianism&... But not before
Capitalism: RIP
How Bernanke Stunned Congress with the Truth
god, i love a good laugh i the morning. tks.