Unfettered capitalism is evil

Cypress said:
Rightwing posters here routinely call black posters n*ggers and female posters c*nts, and this is what you choose to complain about??

Why shouldn't she post her own thread? The salient issue she makes is that we don't really even have capitalism in this country.

The capitalism that existed in the 19th century was so intolerable, so inhumane to the overwhelmingly majority of people, that capitalism had to change. It was forced to change into a more humane hybrid version of a social welfare state with a free market -- because capitalism had to respond to pressure from socialists, progressives, radicals, unionists, and reformers.

So, to the extent we can even celebrate the more humane version of the free market we have today, we can thank lefties and progressives for that. Rightwingers did not lift a finger to make capitalism more humane.
Click to expand...

Clinton Crime Family Foundation helped make capitalism more humane to them.:awesome:
 
Cypress said:
Rightwing posters here routinely call black posters n*ggers and female posters c*nts, and this is what you choose to complain about??

Why shouldn't she post her own thread? The salient issue she makes is that we don't really even have capitalism in this country.

The capitalism that existed in the 19th century was so intolerable, so inhumane to the overwhelmingly majority of people, that capitalism had to change. It was forced to change into a more humane hybrid version of a social welfare state with a free market -- because capitalism had to respond to pressure from socialists, progressives, radicals, unionists, and reformers.

So, to the extent we can even celebrate the more humane version of the free market we have today, we can thank lefties and progressives for that. Rightwingers did not lift a finger to make capitalism more humane.
Click to expand...

:hand::hand::hand:
 
you didnt create jobs idiot

you crashed the entire world wide econmy twice in our history with your failed economic actions
 
This whole thread is ridiculous.

Using made up non economic terms

Here is a challenge for the lefties here

List for me ten businesses/activities not regulated by the state, local or federal gobblements.

Just list ten. Should be easy. Where is this "unfettered capitalism" we hear talk of?


Sent from my iPad using Tapatalk
 
evince said:
you didnt create jobs idiot

you crashed the entire world wide econmy twice in our history with your failed economic actions
Click to expand...


In 2007 the liberal writer Robert Kuttner, in a piece in The American Prospect, argued that "this old-fashioned panic is a child of deregulation." But even he didn’t lay the blame primarily on Gramm-Leach-Bliley. Instead, he described "serial bouts of financial deregulation" going back to the 1970s. And he laid blame on policies of the Federal Reserve Board under Alan Greenspan, saying "the Fed has become the chief enabler of a dangerously speculative economy."
http://www.factcheck.org/2008/10/who-caused-the-economic-crisis/
 
S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATONSEPT. 26, 2008

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”
“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox’s statement on Friday, however, went beyond that by blaming a specific program for the financial crisis — and then ending it.


On one level, the commission’s decision to end the regulatory program was somewhat academic, because the five biggest independent Wall Street firms have all disappeared.
The Fed and Treasury Department forced Bear Stearns into a merger with JPMorgan Chase in March. And in the last month, Lehman Brothers went into bankruptcy, Merrill Lynch was acquired by Bank of America, and Morgan Stanley and Goldman Sachs changed their corporate structures to become bank holding companies, which the Federal Reserve regulates.
But the retreat on investment bank supervision is a heavy blow to a once-proud agency whose influence over Wall Street has steadily eroded as the financial crisis has exploded over the last year.
Because it is a relatively small agency, the S.E.C. tries to extend its reach over the vast financial services industry by relying heavily on self-regulation by stock exchanges, mutual funds, brokerage firms and publicly traded corporations.
 
evince said:
S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATONSEPT. 26, 2008

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”
“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox’s statement on Friday, however, went beyond that by blaming a specific program for the financial crisis — and then ending it.


On one level, the commission’s decision to end the regulatory program was somewhat academic, because the five biggest independent Wall Street firms have all disappeared.
The Fed and Treasury Department forced Bear Stearns into a merger with JPMorgan Chase in March. And in the last month, Lehman Brothers went into bankruptcy, Merrill Lynch was acquired by Bank of America, and Morgan Stanley and Goldman Sachs changed their corporate structures to become bank holding companies, which the Federal Reserve regulates.
But the retreat on investment bank supervision is a heavy blow to a once-proud agency whose influence over Wall Street has steadily eroded as the financial crisis has exploded over the last year.
Because it is a relatively small agency, the S.E.C. tries to extend its reach over the vast financial services industry by relying heavily on self-regulation by stock exchanges, mutual funds, brokerage firms and publicly traded corporations.
Click to expand...

http://www.nytimes.com/2008/09/27/business/27sec.html?_r=4&oref=slogin&oref=slogin&oref=slogin




its the new york times idiot

the link is in my signature
 
Cypress said:
Rightwing posters here routinely call black posters n*ggers and female posters c*nts, and this is what you choose to complain about??

Why shouldn't she post her own thread? The salient issue she makes is that we don't really even have capitalism in this country.

The capitalism that existed in the 19th century was so intolerable, so inhumane to the overwhelmingly majority of people, that capitalism had to change. It was forced to change into a more humane hybrid version of a social welfare state with a free market -- because capitalism had to respond to pressure from socialists, progressives, radicals, unionists, and reformers.

So, to the extent we can even celebrate the more humane version of the free market we have today, we can thank lefties and progressives for that. Rightwingers did not lift a finger to make capitalism more humane.
Click to expand...
Did you notice that Superfreak came back to call you an unfettered sexual stalker?
 
china is losening its regulation on capitalism because they realized the beautiful parts of capitalism.


It now producing for them good results


they did have to pull back from time to time when their CEOs poisened animals with bad food because of the CEOs greed.


things like that


overall they still have way more goverenment control over commerse than the US does huh
 
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