View Single Post
  #14 (permalink)  
Old 03-20-2009
TheBillster's Avatar
TheBillster TheBillster is offline
The Philanthropist
Points: 12,014, Level: 33
Points: 12,014, Level: 33 Points: 12,014, Level: 33 Points: 12,014, Level: 33
Level up: 10%, 636 Points needed
Level up: 10% Level up: 10% Level up: 10%
Activity: 50%
Activity: 50% Activity: 50% Activity: 50%
 

Join Date: Feb 2004
Location: Frankfurt/Germany
Madden 09 Posts: 2,704
Points: 51,576.00
Bank: 0.00
Total Points: 51,576.00
Well, nobody has a perfect plan for this scenario, I think.

And I am normally far away of the anti-capitalistic guys. But this time a lot of things are different. I never thought that one day the time will come where I say that the capitalistic system needs a nice overhaul. It is really time for some changes. The system we have is simply too risky.
No product mankind has made so far is perfect. So is the pure capitalism.

You mentioned Germany. A country which runs a system, which is called social free market economy and it is somehow really overregulated, but still a system good enough to make Germany the export champion of the world year for year.

I am seeing all the points which are here on the table right now. And my ideas aren’t perfect. But it should be a time now, where it should not be that easy anymore to run and hide from the social responsibilities for the companies of the world.

And just a short note for the bail-out theory. We do not know the exact numbers, but the politicians do or at least have a better idea of it. I am sure they knew that not to bail out the companies would risk a huge recession for maybe 10 years or even more. Nobody in the right mind will risk that. The politics had to clean up the muck, the companies “producted”.

Everyone saw that the free markets aren’t perfect and never the ‘clockwork’ a lot of people wanted to see in them. It is a product of humans and that is why it isn’t perfect and is flawed. My wife as a political economist thinks the same. We are just two individuals and the politics and economy wont listen to us, but this is the perfect time pull the companies on their ears and tell them to be more carefully next time, cause unfortunately the human nature forgets very fast and the same crap might happen again and again.

Really nobody thinks of the millions of people worldwide who lost their jobs. And the free markets system with the ‘invisible hand’ is only to control small damages. But on big damages like this what we have right now, it simply fails.
I do not ask the Countries to take control of any economic activity or being like ‘Big Brother is watching you’ for the economy, but they politics needs to make sure that things like that can’t happen again, at least not the same things again. You can’t return to normality now just as if nothing has happened and say that the market will regulate itself. It can’t. That was the reason for the Countries to bail out. Now the politics in charge to make clear statements.
__________________

What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
Reply With Quote