Via LauraW at Ace’s spot, we get this gem
You’ve people got it backwards. Capitalism calls for insolvent banks to fail. Socialism calls for them to be bailed out.submitted 11 hours ago by r3compile
Edit: Some more complete thoughts:
The free market gets rid of risky, unstable businesses. Capitalism means if you don’t have a viable product, you go away. People vote with their own money.
In Socialism, you vote with other people’s money. You keep throwing good money after bad because you like the idea of a stable bank and you don’t want to admit that it needs to go bankrupt.
All a businessman can do is try to sell you something that you think is worth the money.
But a government can take your wealth by force, and allocate it to an area that has no viable market, purely for the benefit of catering to voters and trying to get re-elected.
As long as we have a big government trying to run every aspect of the economy, it will be taken advantage of by some minority to the detriment of the majority.
I sympathize with the message of OWS thanks banks get special favors from government. But the answer isn’t to give more special favors to labor unions and employees. The answer is to get the government out of the way and let the market flush out all these bad banks so a viable economy can rise.
Bring on the downvotes.
Liberals/Leftists were really not happy with the message that it is socialistic activity that is causing all the problems, and asking for more will make it worse.
