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Consumer the fall guy for strangled capitalism : Comments
By Greg Barns, published 28/1/2009Greater government intervention as a response to the financial crisis will be disastrous.
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"The mooted return of large-scale government intervention in economic life, a knee-jerk reaction being promoted by politicians and anti-globalisation advocates against the failure of poorly regulated financial markets..."
Do you therefore, Mr Barns, advocate better regulation of the markets?
Surely not by new or larger govt. departments?
I fully agree that it is incredibly irritating how the very people who protest the loudest about gov. intervention in the good times, seem to be the first to seek intervention when it all turns to mush.
It seems to me, this house of cards was based on way too much credit (borrowed money).
Difficult to see how creating more credit is going to be a good thing.