The free market model has failed. 13:06 - Nov 9 with 1178 views | ladyjack |
Capitalism has failed. | | | | |
The free market model has failed. on 17:35 - Nov 10 with 155 views | Catullus |
The free market model has failed. on 00:15 - Nov 10 by controversial_jack | Capitalism failed in 2008 when banks and financial institutes had to be bailed out by loans and the taxpayer |
Indeed, in a truly capitalist system the banks would have been allowed to fail but what would the consequences have been. Myself I thought it would have been better to give every adult in the Uk a share of the bailout money on the basis we paid off our bank debts with it. We got our debt cleared, the banks got recapitalised, I'm sure it couldn't have been that simple though. The capitalism we have is selective, they let the poor suffer but bail out the rich bankers. Again simplified but it's basically what happened. The rich bankers still got their pay and bonuses. Has anyone got a better idea than any we've tried so far? Socilaism, Communism, Capitalism....any other systems we can break? | |
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