This is a very fascinating read yall. Living here in the US I have been outraged by my governments actions. Socialism is a system of the government controling every aspect of almost everything from entitlements to busness to education to everything to the micro world (europe is the best example and the US is not far behind). The best market to have is a free market with limited government control. Sure the argument can be made that we are in the mess we are in right now because of limited oversight, but if the government had let the market run its course we would have see these huge corporations go under and what would have happened? Think about like this, a wild fire burns through a forest and destroys acres of land. With in just a few weeks however what happens? New growth begins all over again. The market would have been the same way the large corporations that mismanaged so much would have been dissolved and what would have happened then, the smaller companies would have began to flourish. Job losses would have been large at first but they would have found work in the smaller firms and the cycle continues.
What do we have in the sted, government had to save thier ass (we already know several politicians were getting rich in this whole mess) and used the tax payer to do it. Now we are seeing huge depts stack up, greece is sinking fast (and i do agree with raja that the people are just as responsible as the government and that includes here in the US), and the EU just gave them a stack of money that lasted all of about 24 hours.
Havent we learned that free market economies are by thier own nature the best markets to have and everything else is doomed to failure. Just look at the world and what is happening in it.
