quote:

ORIGINAL: Truthiness

"I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that’s a principle that we’ve gotta hold to as well."

- Barack Obama, November 2008

quote:

ORIGINAL: MzMia

Tell me, how is this "free market system" working for us these days?
How well will it work, if the government does not prop it up?
Look at the economic situation all over the world, tell me how well it will work without
a lot of help?
I did find about 50 articles where President Bush defends the free market system.
lol
How is the free market system working for President Bush these days?
More of the damn same? I think not!  CHANGE
Bush makes case for the free markets - Economy in Turmoil- msnbc.com

MY thoughts are that this is not working, and I agree with this article written by
Matthew Stein.
Unregulated GREED is causing the destruction of our planet!
Matthew Stein: The Failure of the Free Market

quote:

ORIGINAL: LadyEllen

a better plan IMO would be for the workers to own the businesses they work for by way of shareholdings that cannot be transferred unless the worker leaves the employer, to seek alternative employment (at which time they acquire shares in the new employer) or at retirement (by which time the worker should have an asset worth something, if he/she has taken part in building the business) - such shares being sold back to the company for redistribution to new or existing workers.

this would also give control over executive salaries to the workers, hindering the ridiculous situation we have now, motivate everyone to do their best, give everyone a voice, disenfranchise often nuisance unions replacing them with a we attitude instead of us and them, avoid government interference, and so on.

I cant think of anything much bad in such an idea, perhaps others can?

E

quote:

ORIGINAL: UncleNasty

Mia,

Numerous sources I've seen in the past week are stating the amount of all the "bailouts" combined as being currently $7,760,000,000,000. For those with poor vision $7.76 trillion.

One handed Uncle Nasty

quote:

ORIGINAL: MrRodgers

Read up dude.  We are NOT supposed to have a free-market. Free market/capitalism is an oxymoron.

quote:

ORIGINAL: MrRodgers

NO MORE Quotes. Get a fucking god damned GRIP people.

There NEVER was a free-market since the late 19th century culminating and the capitalist market in the formation of the fed in 1913.

The whole concept of a free-market is a capitalists ruse (lie) to have you believe there is one.

WE have a capitalist speculation market in PAPER.

WE ARE FORCED to bailout these thieves because govt. is made up of...you guessed it...capitalists.

WE HAVE a PLUTOCRACY...govt. of money, by money and for money.

Blaming dems or repubs is supposed to have us divided while we go what ? $20 trillion, $50 trillion in debt.

(NOTE: Once and for all, almost NONE of these mortgages were CRA (Community Reinvestment Act) mortgages and had nothing whatsoever to do with that mortgage program. THIS is ALL on wall street, their speculation in paper and their hirlings in govt.)

What we see now IS CAPITALISM, the OWNERSHIP of govt. That's how it is that 70% to 80% of this country was AGAINST this bailout YET we are FORCED to go further into debt so wall street and the bankers can STAY RICH.

How do you like this new 21st century version of slavery (debt) ? Isn't as good as you thought hey ?

quote:

ORIGINAL: MrRodgers

NO MORE Quotes. Get a fucking god damned GRIP people.

There NEVER was a free-market since the late 19th century culminating and the capitalist market in the formation of the fed in 1913.

The whole concept of a free-market is a capitalists ruse (lie) to have you believe there is one.

WE have a capitalist speculation market in PAPER.

WE ARE FORCED to bailout these thieves because govt. is made up of...you guessed it...capitalists.

WE HAVE a PLUTOCRACY...govt. of money, by money and for money.

Blaming dems or repubs is supposed to have us divided while we go what ? $20 trillion, $50 trillion in debt.

(NOTE: Once and for all, almost NONE of these mortgages were CRA (Community Reinvestment Act) mortgages and had nothing whatsoever to do with that mortgage program. THIS is ALL on wall street, their speculation in paper and their hirlings in govt.)

What we see now IS CAPITALISM, the OWNERSHIP of govt. That's how it is that 70% to 80% of this country was AGAINST this bailout YET we are FORCED to go further into debt so wall street and the bankers can STAY RICH.

How do you like this new 21st century version of slavery (debt) ? Isn't as good as you thought hey ?

quote:

ORIGINAL: stella41b

Welcome to the era of pre-communism.

First the banks, then the manufacturing industries, and what next? The retail ibndustries, .. healthcare, and then people?

New state legislation (see the Big Brother thread) so you can't get someone in to clean your home or look after your elderly without going through an agency and paying exorbitant fees, people corced through effective debt management and fluctuations in interest rates.

The trajectory is moving closer and closer towards something like Poland in the 1970's.

And you thought that the war on terrorism was really about terrorists? It couldn't be about state oppression and totalitarianism now, could it?

Marx was right. The workers should own their own means of production. Too bad that so many people forfeited freedom and democracy for illusions of affluence on credit, unwittingly handing over control to the banks.

Poverty, one of the biggest threats to any civilized society, is now being wielded by the state and institutions against the people.

The writing is on the wall. What now, folks?