Thursday, December 25, 2008

Avoiding a transition.

Bail-outs of banks and other financial institutions and manufacturing companies are desperate, perhaps last-ditch, efforts to salvage laissez-faire capitalism. In spite of its failure to take care of its own people and its failure to keep them in an orderly relationship with the less fortunate of the world, many people do favor capitalism. Even those who have been savaged by it can't bear to think of accepting an alternative. It does appear that President-elect O'Bama considers it his duty to attempt a rescue of capitalism. Do we really want him to do that?

1 comment:

Robbie Seal said...

YEP... Sure do...

I don't think the government taking on the task is the answer. Loans are one thing, but governement buyouts and grants are another. How can capitalism be saved by socialism?

Every system has its flaws, but I have not seen any beat capitalism yet.