The Mudcat Café TM
Thread #140645 Message #3240580
Posted By: ollaimh
17-Oct-11 - 10:05 PM
Thread Name: BS: Wall Street Protesters...
Subject: RE: BS: Wall Street Protesters...
they have regulated capitalism in sweden and most of scandanavia. it works fine. they are affected by the ills in the rest of the world but they are not as affected as some countries. in canada we had a moderately regulated capitalism, under the liberals. surprise, we had no bank failures and ran budget surplusses for eleven years straight.
we had growth we just din't let the ponzi scheme capitalist steal all the money!
they were very creative about it but the fact reamins that between 1990 and 2008 they manufactured securities out of thin air that didn't exist before that time and those securities quardrupled the securities traded in new york. you have admire their ambition but the same way you admire the ambition of people like napoleon or hitler.
real growth depends on real production. the growth of the nineties to the crash was paper growth, taking advantage of americas premier position in the worlds capital markets but exporting millions of real jobs and allowing the collapse of infrastructure. now you have agutted economy that is either going to take years to recover --if at all--or will need massive infrastructure and educastional investment. the latter seems oposed by most american politicians, however it is likely the only road to real growth.
so go protestors go--and get a uniting theme,
BRING THE JOBS HOME