Soupdragoon (November 30, 1999 at 12:00 am)

"Fascism should rightly be called Corporatism, as it is the merger of corporate and government power." Benito Mussolini

Bacchant33rd (November 30, 1999 at 12:00 am)

It's a failure because the result is that risk-taking is under-priced, meaning there's a lot more of it than there would be in a reasonable system. And so therefore it was PREDICTED right off that when financial liberalization took place, there would be more REGULAR financial crises and far DEEPER ones. And this particular one is accelerated by the fact that there was a sub-prime housing bubble and many other factors so it became far more severe than it was expected. IT'S BUILT INTO THE SYSTEM.

mbear14 (November 30, 1999 at 12:00 am)

Hey Everyone, How about a Book Bomb on Thursday, December 10th for "The Revolution: A Manifesto"!!?? Just in time for the Holidays..."Give the gift of Freedom!"Order at least 1 Ron Paul book for friends and family. If this sounds like a good idea, spread the word, grassroots style!Take care, Mike in DC

flashlightbrown (November 30, 1999 at 12:00 am)

Your example.if I sell a car and it increases gas prices and pollution and congestion, the market can switch to something new.How is that a failure?Markets will succeed in the end.

Bacchant33rd (November 30, 1999 at 12:00 am)

The system has unacceptable risk built into it. It's well-known among economists that MARKETS are INEFFICIENT, from the narrowest perspective. So to make it simple, suppose you sell me a car. We may make a good deal for OURSELVES. But we're not taking into account the effect on OTHERS. It's what's called an EXTERNALITY and there's an effect. If you sell me a car it increases gas prices, it increases pollution, it increases congestion, and that EXTENDS very broadly.

gasou808 (November 30, 1999 at 12:00 am)

Seriously, that may be the only way to save our country.

Tunedup81 (November 30, 1999 at 12:00 am)

Its going to come down to the cost of fuel being inflated in the future to the point.. going to work wont be worth but yet cost me money.. Inflation from the massive amount of Currency introduced into the economy will destroy the middle class.. what then? hrm... glad I "cling" to my guns an bible. things aren't looking promising.. I just hope Obama will help the people who voted him into Office. Middle Class is about 50k.. I'm sorry 200k is alot.. average income isn't 200k.. its around 50...

laxman522 (November 30, 1999 at 12:00 am)

Ron Paul '12!!!

replikant0101 (November 30, 1999 at 12:00 am)

he is right about the inflation issue. but more government doesnt necessarily mean oppession. and less government doesnt mean lawlessness. unity and breaking prejudice can be government free. the government should exist to protect commonly held ideals, not enforce or take them away. yes i do beleive government should be for the people. and it is the last buffer between the people and private sector abuses. republicans need to realize at least that.

LaRoucheisright (November 30, 1999 at 12:00 am)

This little twerp is such a gatekeeper. Very sophistic. All those buzz words, but no solution. go to LaRouchePAC and join the battle to defeat the oligarchy once and for all. Take back our central bank from the gangsters.