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Old 11-04-2010, 08:27 AM
 
Location: Victoria TX
42,661 posts, read 78,919,314 times
Reputation: 36346

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The truth is, our economy is not broken. It is performing exactly as it should, and as it was intended to. I haven't heard a billionaire complain yet, except that night in '08 when a few investment bankers tossed and turned, but everything was fixed in the morning, as they knew it would be.

The fundamental principle of our economy is that all of the wealth should be grabbed by the most aggressively greedy, with a few criminal restriction in place to keep unwashed thugs from grabbing any of what belongs to those playing by the rules. That is exactly how it is playing out, which should have come as a surprise to nobody.

"All forms of organization, regardless of how democratic or autocratic they may be at the start, will eventually and inevitably develop into oligarchies."
http://en.wikipedia.org/wiki/Iron_law_of_oligarchy

Regardless of the good intentions of the Founders of our Republic, there is nothing that could ever have been done to curtail our spin down into the crapper in which we now find ourselves. Give people the right to grab the wealth and then the power, and then do nothing to obstruct them, and they shall certainly perform accordingly.

Last edited by jtur88; 11-04-2010 at 08:47 AM..
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Old 11-04-2010, 12:21 PM
 
Location: Victoria TX
42,661 posts, read 78,919,314 times
Reputation: 36346
This video, which I discovered after I wrote ^^^, is worth watching. It runs about 11 minutes, and sums up what happened to the economy.

http://www.wimp.com/crisescapitalism/
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