- Joined
- Aug 30, 2011
- Messages
- 5,411
- Reaction score
- 2,228
- Location
- In a Blue State
- Gender
- Male
- Political Leaning
- Very Liberal
We let businesses fail, like MF Global just failed. What we cannot do is allow THE WHOLE SYSTEM to fail, or to let a failure in one sector, like housing, bring down a whole string of sectors, like morgage operations, banking, auto sector, and on, and on...
See 1930's. That's bad.
The 1930's were bad. But let's bring it back to our current time frame, other than a time when the dollar was backed by gold. At the end of the 90's, the tech bubble popped, but we didn't run out there to save every small tech firm that was dying out. The weak died, the strong survived, and the parts of the weak that were good, went off to the ones who could pay for it. The same should have happened to the auto industry and the banking industry. Sure, there would be some turbulence for a few years while things shake out...but that has to be better than our current situation. A free market should be free of government intervention. Lately it seems like the government wants to be more in business than politics.