The Forum > General Discussion > Bail them out or let them sink?
Bail them out or let them sink?
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Posted by Oliver, Monday, 20 October 2008 10:48:32 AM
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Agree, we are along way from the demise of capitalism. Yet, we are not letting market capitalism weed-out the bad fruit. The system is being managed to sustain in power those whom failed in power. A more apt result is allow a new fitter crop of capitalists to succeed.
Needing help over these times, reminds me of agrarian socialism. Farmers are usually very conservative and stand firm against handouts to say single mothers, yet muster arount the BBQ exchanging ploys to receive government subsidies. I have seen the latter myself at a rural BBQ.
In 1930s, the Commonwealth Bank (then the Central Bank) exchanged liquid funds for commercial bank term deposits, as the former was better placed to ride out the storm. Interventionist, yes. Yet, minimally so.