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Reply #4: Everything is OK when it pertains to capitalism. Didn't you get the memo? [View All]

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bulloney Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-10 12:41 PM
Response to Reply #2
4. Everything is OK when it pertains to capitalism. Didn't you get the memo?
My desire to make a buck supersedes your right to exist.

You can literally rape and pillage a person or a nation, as long as it's done in the name of capitalism and free markets according to some people.

As Thom pointed out, Greece's debt wasn't any worse than a lot of other political entities. But, if the financial markets, beholden to no country or rules, decide they want to go after you, there's little, if anything, that can be done to stop them.

What's to stop these same kind of actions against a California? Or the entire U.S.? As Thom noted, such action ripples everywhere from that country's peoples' buying power and standard of living to the country's credit rating. Meanwhile, a few fat cats make billions and they didn't produce anything that generates real wealth. It's the same house-of-cards mindset that creates these bubble economies that boom and bust and bring down the entire economy with it.
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