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Thread: Has capitalism failed?
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[quote=SETH,369199]I have to respectfully disagree with Guest7360: capitalism, in rationale form, works fine. But the greed and stupidity that ruined the economic sector by destroying the housing market through poorly structured loans was an outgrowth of the Clinton years and Barney Frank and Chris Dodd; it had nothing to do with capitalism. There have been 15 recessions since the Great Depression, and capitalism (human innovation and hard work) has helped the recovery each time. With Obama and his despotic socialist agenda, the USA might not recover for a long time. Quadrupling the deficit is insane; socialized medicine (see the UK and Canada) is insane; killing investors and favoring unions is insane. Over-regulation leads to zero growth and zero incentive. I'm a Jeffersonian at heart I suppose: fear your government! Any government strong enough to GIVE you everything is also strong enough to TAKE IT AWAY. I am really worried about the next 4 years.[/quote]
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