Dixie - In Memoriam
New member
You bumbling fool. I was talking about people going into business for themselves. Maybe growing/selling vegetables. Making furniture. Fixing cars.
Failure/lack of small businesses had nothing to do with regulation and everything to do with thieves/thugs stealing and targeting people who they thought had extra money.
The topic was your assertion that regulation stifles small businesses and that’s why people in communist countries didn’t have businesses. Once, again, it had nothing to do with regulations.
You are the one who brought up former Soviet Bloc countries, not me! People over there did not simply "decide to open a business" as the "decisions" are all made by the Government, NOT the people... they have no freedom to "decide" things, especially whether or not to practice capitalism... it doesn't exist in a Communist country. The lack of Capitalism had to do with a Communist System which prohibited "Free Enterprise!" You make a GREAT point about the level of corruption and crime in a Communist country! It's because they don't practice Capitalism there! It's because the STATE runs everything... like you want it to be HERE! MORON!
Not at all. Let anyone open a business but hold them responsible for what they do. If they say they can install windows and they can’t, close the business. If they made money from installing faulty windows make them repay the person they ripped off. What’s so unreasonable about that? And before the government gives a thief some of my tax money to open a business check to be sure they know how to do the business they are opening. What’s unreasonable about that? Or is job creation about getting grants, opening a business and ripping off people, then getting out as soon as possible?
What makes government agents, pushing paper behind a desk somewhere, qualified to determine if I know how to install windows?
It has to do with the whole idea of promoting small businesses which is the never-ending whine.
It's called FREEDOM you fucking retard, not whining!
No it’s not. We pass regulations precisely because of wrongdoers. The same as traffic regulations are there because of wrongdoers. They do not interfere with people who drive carefully.
Some regulations do stop some wrongdoing, but not always. There are still people who disobey the regulations, and more regulation is not going to suddenly make them change. That was my point.
If a bank didn’t have the money to loan they couldn’t have loaned it. The problem was new ways were devised to get money, ie: financial instruments. The banks sold their IOU’s that were not worth a damn so they could get more money to loan. In the end not only the banks lost but the people who purchased the IOUs. Those financial instruments were not government supervised. That was spelled out in the video, “The warning” but Allan Greenspan’s philosophy was, “No problem. When enough people get ripped off, when enough people realize the “note” is not worth the paper it’s printed on people will stop buying them.” So much for Greenspan’s idea, the king of capitalism.
Simply stated, if the government had used proper oversight there wouldn’t have been as much money to loan as people wouldn’t have bought the useless IOUs and the government wouldn’t have had to pay back all that money. In essence, the government guaranteed the IOUs through the banks. It’s not all that complicated.
THE GOVERNMENT MANDATED THEY LOAN THE MONEY! THEY DIDN'T JUST UP AND DECIDE TO DO IT ON THEIR OWN!