[QUOTE=Dixie;996044](Apple) Again, difficulty in comprehension. The free market, the invisible hand….things associated with unrestricted capitalism has shown us they do not work. Even Greenspan admitted to Congress he was wrong. His philosophy, his idea of how people and society worked was wrong. Just like you’re wrong.Following is an excerpt. Do try to read for comprehension.(Dixie) Greenspan admitted nothing of the sort, that is pure propaganda, spun from snippets of a speech he gave, where his words were mangled into this rhetoric, it's just simply untrue. Free market capitalism is the reason the United States is, and has been, the world's leading superpower. But let's get back to your contradiction... You first staid; "Capitalists have had 80 years to bring something to the plate... it's time for a new idea." Then you followed that up with continued insistence you are not a Socialist and don't condone Socialism. Well what do you think is the new idea we need to try other than Capitalism, Apple? What you continue to advocate is Socialism. What you are saying here, is Capitalism hasn't worked and we should abandon it for Socialist policies. I guess one could make the nit-picky argument that it's actually Marxism, but I consider that a part of Socialism, and I think most people believe the same way.
(Excerpt) REP. HENRY WAXMAN: The question I have for you is, you had an ideology, you had a belief that free, competitive -- and this is your statement -- "I do have an ideology. My judgment is that free, competitive markets are by far the unrivaled way to organize economies. We've tried regulation. None meaningfully worked." That was your quote.
You had the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis. You were advised to do so by many others. And now our whole economy is paying its price.
Do you feel that your ideology pushed you to make decisions that you wish you had not made?
ALAN GREENSPAN: Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to -- to exist, you need an ideology. The question is whether it is accurate or not.
And what I'm saying to you is, yes, I found a flaw. I don't know how significant or permanent it is, but I've been very distressed by that fact.
REP. HENRY WAXMAN: You found a flaw in the reality...
ALAN GREENSPAN: Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.
REP. HENRY WAXMAN: In other words, you found that your view of the world, your ideology, was not right, it was not working?
ALAN GREENSPAN: That is -- precisely. No, that's precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well. (End)
Did you follow that? I underlined the "Cole's Notes" version to help you.
Greenspan was wrong just as you are wrong. Unrestricted capitalism does not work. How do you expect the situation/country to repair itself when fools like you continue to believe it does? That is why Republicans have to be as far away from power as possible because they hold those same old, tired, worn-out ideas which Obama referred to during the health care debate. Greenspan's ideology was faulty just as the ideology of the Republican, right wing ideology is faulty. Just as your ideology is faulty.
This is not a guess. This is not an opinion. It is a fact. It has been proven faulty. The world is living with the disaster such faulty ideology caused. Until you are able to accept that fact it's useless to continue debating anything else. Trying to explain something to you is like trying to explain the movement of the planets and the cause of day and night to a flat earth believer. One can not explain sunrise and sunset to one who believes in a flat, stationary earth just as one can not explain the failures of the economic system to one who believes, like Greenspan, in unfettered capitalism.
Furthermore, as the video (The Warning/PBS) portrays people like Greenspan usually do not change their ideology until disaster strikes and even then many are blind to the facts.
You wrote, "Fuck you, I'll leave my money in Germany! You'll get not one penny of it!"
Do some research, Dixie. You can whine and complain about Obama and not being able to repatriate your funds from Germany without paying your dues to society but to use an old phrase, "You're pissin' in the wind." As you continue to defy paying the proper taxes you can not enjoy that money here. Depending on the amount it's not a case of cutting off ones nose to spite their face but more like cutting off ones head to spite society. So, back to you, "Fuck you, you'll leave your money in Germany! You'll get not one penny of it!"