Julian Martin- on socialism for capitalists

The Bush government solution is a very free-market, conservative kind of solution -- socialism. Only it is socialism for the rich, and of course the rest of us get capitalism. And it ain't gonna be cheap. If it won't work in the capitalist marketplace they pawn it off on the government. That means me and you because when it comes to something like this, we peasants suddenly become very important to the capitalists. Karl Marx probably never figured that it would all collapse because the capitalists sold their worthless properties to the government, to us.

http://www.wvgazette.com/Opinion/Op-EdCommentaries/200810060506

I read that tripe in yesterday's paper Frank and I'll say the same thing here that I said there. You can't say capitalism didn't work because capitalism wasn't given a chance to work. The government intervened with socialism and didn't allow capitalism do what it was designed to do, which was allow businesses (in this case, investment firms and banks) to face the consequences of their poor decision making and be overtaken or outright fail.

And in the process, just like FDR in the 30's, they've saddled the American taxpayer with trillions of dollars of entitlement debt that we will likely never pay back. And when the next crisis comes about because some company made poor choices, who will they go running to for the solution? The government of course.

The proof is in a spending bill that was passed last weekend that included $25 billion for automakers. We started bailing out the big 3 in 1979 and we're still paying for their mistakes instead of forcing them to be responsible for their decisions and actions.

Instead of taking small steps to socialism, this week we took a giant leap. It's possibly one of the worst days in American history.

So if capitalists are so sure of the success of their system, why were / are they so anxious to sell out to the government?

You'll have to be a little more specific because it seems to me econimist who back a capitalistic system (those without money in the system who had nothing to lose or gain by the bailout) were imploring for the government to back off and let the system.

At any rate, you can't blame the failure on capitalism because it WAS NOT allowed to work.

So who is this "They" that you are referring to?

So who is this "They" that you are referring to?

All in the private commercial and industrial sectors who favored the bailout.

"They" weren't acting like capitalists.

This all goes back to the making of bad loans, encouraged by bad government policy.

ziggy wrote:

So who is this "They" that you are referring to?

All in the private commercial and industrial sectors who favored the bailout.

You're still going to have to be more specific because the biggest proponants of the bailout that I saw was the very liberal news media, the government and those like Paulson that stood to lose billions without a government intervention. I don't recall seing any economist who favor capitalism coming on TV and saying this has to be done. And considering that polls pegged public opposition against the bailout as high as 80% of the public, I'm not seeing your "they".

As I said, capitalism didn't work BECAUSE it wasn't GIVEN A CHANCE TO WORK.

Period.