Comments on: Capitalism: the worst system except for all the others https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/ A blog about political change, among other things Fri, 03 Feb 2012 09:02:08 +0000 hourly 1 https://wordpress.org/?v=7.0 By: JIM https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-312680 Fri, 03 Feb 2012 09:02:08 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-312680 TARP, AKA was the Bill on TROUBLED ASSET Relief Program, on some $ 700 billion bail out.
But, the banks got shoved out to ’em over $ 10 trillion in DEALS from the Federal Reserve, a matter that is not AOKed by the President or Congress.
Yet, little is cogent in the Press on such matters.
The redistribution in Wealth was too those who did a SHAKE down to the entire Financial system from the DEBACLES of 2008.

If it was free enterprise, the crooked banks would not have gotten a DIME., or the badly run banks, or the free loading banks, or the sub prime jerks, or the derivative gamblers.
Instead, the SHAKE down has resulted in a GIANT Ponzi racket that makes Bernie Madoff look like Mother Terresa, or the EX President of the Boy Scouts.
Is what Madoff did, called Free enterprise ?
Ironic, Romney is really underscoring the Free part.

]]> By: br549 https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87550 Sat, 04 Oct 2008 00:55:13 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87550 Heeeeeeyyyy, wait a minute….. that massive redistribution of wealth everyone seems to be afraid of……that just happened, didn’t it………

]]> By: rawdawgbuffalo https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87317 Thu, 02 Oct 2008 15:52:32 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87317 let wall street take it on the chin I would have too, wouldn’t u?

]]> By: fred https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87269 Thu, 02 Oct 2008 02:03:13 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87269 As a follow-up to “capitalism being the worst system except for all the other systems”, I’m reminded of a college history instructor who asked the class, “[w]hat happened in 1776?” Every knew not to touch that question. After what seemed like an inteminable pause, one student blurted the answer everyone knew to avoid. The instructor said, “[t]hat was nothing. What happened in 1776 was the publication of Adam Smith’s ‘Wealth of Nations.'”

]]> By: fred https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87266 Thu, 02 Oct 2008 01:55:14 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87266 Sorry about that. Again:

For someone who claims to be “bad at economics” you are doing very well. Terrific.

]]> By: fred https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87265 Thu, 02 Oct 2008 01:53:45 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87265 For someone who claims to be “bad at economics” you are doing

]]> By: njcommuter https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87258 Thu, 02 Oct 2008 00:49:46 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87258 Never forget that the Spanish proved, through determined effort from 1600 until 1900, that you can have inflation in a gold currency.

In the end, what matters is the ability of the economy to produce. That requires a number of things, including freedom to go into business, make business decisions, respond to the marketplace, and keep most of your earnings. (The Democratic Party stands against every one of these with regulation, taxation for social programs, control by environmentalists, NIMBYs, etc., and excesses in both litigation and trade union power.) It also requires a financial system that can provide credit and equity investment, and the Dems have been acting to destroy those as well.

]]> By: Artfldgr https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87237 Wed, 01 Oct 2008 20:58:20 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87237 Truth… it was backed by other things till nixon i believe… (though i might have the president wrong i didnt check so forgive if i do)

]]> By: The Thunder Run https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87231 Wed, 01 Oct 2008 20:18:39 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87231 Web Reconnaissance for 10/01/2008…

A short recon of what’s out there that might draw your attention, updated throughout the day…so check back often….

]]> By: Truth https://thenewneo.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87224 Wed, 01 Oct 2008 18:03:32 +0000 http://neoneocon.com/2008/09/30/capitalism-the-worst-system-except-for-all-the-others/#comment-87224 The U.S. dollar has not been backed by gold since 1933. This crisis will bring to mind is the US dollar will stand as world Currency especially with petrol pay prices?

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