"Was the GFC also a socialist-created crisis? or was it dumb and greedy rich kids masquerading as traders and salesmen for fraudulent credit instruments "
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No point debating capitalism v socialism on a stockmarket forum lol.
We all know the best outcome is a compromise between the two.
Extreme capitalism will not price negative externalities like pollution, health issues (e.g. smoking), non-conservation of natural resources, etc.
Extreme socialism is too expensive & inefficient.
Johnny Howard was one of the biggest conservative 'socialist'. He gave us big government, middle class welfare, etc.
