[EMAIL PROTECTED]
Its hardly socialism when 700 billion is handed out to
institutions which exist to serve the interests of a few. This hasn't
come about becuase of socialism and this government intervention isn't
socialism either.
MJ
Capitalism, being PRIVATE, would NOT have been subjected to
Government mandates, regulations and planning (which cannot be
done and is more "wishing"* than anything) that serve to monopolize.
Simply ... there would be no Community Reinvestment Act ... there would
be no Legislative "tinkering" with it ... there would be no GSEs like Fannie
Mae and Freddie Mac to guarantee purchase of loans that should not
have been made ... and there would be no failing institutions nor swelling
of these bad loans as a result ... there would be no bailout that purportedly
attempts to "right" those failed socialist policies -- not even a discussion
of such.
INSTEAD we get Politicians who endlessly Peddle their Pull in socialist
policy in an effort to maintain their Power.
*the Government "wished" that those who would not otherwise qualify
would instead be provided loans. Like MOST such exercises the
failure to consider the "unseen" is prominent.
Regard$,
--MJ
There is simply no other choice than this: either
abstain from interference in the free play of the
market, or to delegate the entire management of
production and distribution to the government.
Either capitalism or socialism: there exists no
middle way. -- Ludwig von Mises
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