Well said Dacata. Free markets are not the problem. Regulation of the free markets (or lack of it) is the problem.
Rudd is starting to arouse my suspicions. About 2 weeks after he took office he mentioned Asia should look to form an Asian union. This was only about 3 weeks after I had seen the movie Zeitgiest and for those who've seen it you'll know what's scary about that. Now he wants heavy government interference.
How about regulating that all your mates (and I'm not just talking about Rudd/Oz here) to be held equally as accountable as everyone else.
How did Fannie and Freddie operate as listed companies when their accounting did not meet the minimum requiried standards of listed companies.
How do Wall St CEO's recieve 20 Billion or whatever it was in bonus's when they've tapped the US taxpayer for over half a trillion dollars.
How were US corporates allowed to privatise profits and socialise losses.
I could go on all day. We have not had free market capatilism over the last decade. Its as simple as this. I think it was Ron Paul who warned that this whole epsiode would be used to denounce the idea of free markets in favour of more socialistic measures when in fact free markets were not the problem. Regulation of the free markets has brought this downfall, but how convenient to suggest otherwise?
