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Old 01-25-2012, 09:06 AM
 
Location: Earth Wanderer, longing for the stars.
12,408 posts, read 16,443,168 times
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[LEFT]“If capitalism had been left to its own devices, none of these guys would still have a job,” Walker says. “The only way to make them responsible is to make them fail.”[LEFT]
How to Save Capitalism | Business | TIME.com


[/LEFT]


[/LEFT]
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Old 01-25-2012, 09:15 AM
 
3,458 posts, read 3,105,406 times
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In my book, you can't have free market capitalism as long as you have a central bank and a fractional reserve system.

You also can't have free market capitalism if you have bailouts; that's true as well.
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Old 01-25-2012, 09:29 AM
 
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Whenever you have corporations large enough to manipulate the political system, you will have bailouts and sweetheart tax code provisions and so on. It's unavoidable when you have a system structured like ours is structured.
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Old 01-25-2012, 09:31 AM
 
Location: West Coast of Europe
21,253 posts, read 19,244,927 times
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Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
In my book, you can't have free market capitalism as long as you have a central bank and a fractional reserve system.

You also can't have free market capitalism if you have bailouts; that's true as well.
The bailouts were considered necessary because of the size of those companies. Which is why I am in favor of limiting the maximum size of companies in the first place. As soon as a company reaches a certain amount of employees and/or turnover, it should have to split into two or more independent companies. Big units are always a problem, be it in economics, politics, etc. Like for anything else in human society there need to be rules, good rules, to bring about good behavior.
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Old 01-25-2012, 09:32 AM
 
29,627 posts, read 16,368,994 times
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Quote:
Originally Posted by Neuling View Post
The bailouts were considered necessary because of the size of those companies. Which is why I am in favor of limiting the maximum size of companies in the first place. As soon as a company reaches a certain amount of employees and/or turnover, it should have to split into two or more independent companies. Big units are always a problem, be it in economics, politics, etc. Like for anything else in human society there need to be rules, good rules, to bring about good behavior.
They just need to be allowed to fail, no government required.
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Old 01-25-2012, 09:41 AM
 
Location: A great city, by a Great Lake!
15,908 posts, read 10,052,949 times
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Quote:
Originally Posted by Frank DeForrest View Post
They just need to be allowed to fail, no government required.

Exactly! Were I a small business owner, and I make bad decisions or a sub quality product, it's on ME if I fail! Yet if you're a large corporation in this country, no worries! Make all of the p*** poor decisions that you want! The taxpayers will cover it!
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Old 01-25-2012, 09:41 AM
 
11,961 posts, read 12,820,387 times
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Originally Posted by goldengrain View Post
“If capitalism had been left to its own devices, none of these guys would still have a job,” Walker says. “The only way to make them responsible is to make them fail.”

Capitalism and the government are getting blamed for the shadow governments hostile takeover of legitimate governance perpetrated by corporations and lobbyists. THEY are the cannibals. THEY abuse their right to exist in USA & abroad. Global meltdown financial warfare inflicted on the masses is not coincidental.
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Old 01-25-2012, 09:44 AM
 
3,458 posts, read 3,105,406 times
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Quote:
Originally Posted by Neuling View Post
The bailouts were considered necessary because of the size of those companies.
that may have been what the banks said, whenever they waited until the last minute and then asked for a trillion dollars ; but that isn't reality as far as i am concerned.

the bailouts were only necessary to maintain the status quo.

Quote:
Which is why I am in favor of limiting the maximum size of companies in the first place. As soon as a company reaches a certain amount of employees and/or turnover, it should have to split into two or more independent companies. Big units are always a problem, be it in economics, politics, etc. Like for anything else in human society there need to be rules, good rules, to bring about good behavior.
Yeah, I disagree with everything in your post. The size of a company is irrelevant. What's relevant is its systemic risk and its marketshare.


Quote:
Originally Posted by Frank DeForrest View Post
They just need to be allowed to fail, no government required.

The government of course needs to play some role in bankruptcy arbitration, but I generally agree with you. It makes me sick that any firm out there receives special treatment, and as far as I'm concerned we're not a capitalist society as long as Citi, Goldman, and Bank of America still exist.
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Old 01-25-2012, 09:44 AM
 
Location: West Coast of Europe
21,253 posts, read 19,244,927 times
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Quote:
Originally Posted by no1brownsfan View Post
Exactly! Were I a small business owner, and I make bad decisions or a sub quality product, it's on ME if I fail! Yet if you're a large corporation in this country, no worries! Make all of the p*** poor decisions that you want! The taxpayers will cover it!
That's the point. If your small business goes south, it doesn't mean hardship for society and entire cities...
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Old 01-25-2012, 09:46 AM
 
11,961 posts, read 12,820,387 times
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Quote:
Originally Posted by Frank DeForrest View Post
They just need to be allowed to fail, no government required.
Easy peasy. Whose idea was it that private industry ought to enjoy the option of holding global currencies hostage?

Ohh that's right! LIBERTARIANS!
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