Belly “Col has let his dislike of me run riot here.”

Duhh?

Sorry to deflate your self-proclaimed notoriety but you do not feature so prominently in my posting thoughts for you to assume "significance".

“The sky may not be falling, but you in giving history of dreadful frauds and failures”

Those frauds and failures illustrate how the system manages to absorb such blows and still carry on.

That the ‘financial system’ can withstand such ‘shocks’ is not by accident but by design.

The “financial system”, through its inbuilt processes of accounting, audit and risk management, anticipates the consequences of a failure and provides for its eventuality, like an insurance policy covers a risk and determines a premium once the risk factors and probabilities have been quantified.

“I wonder why a bankrupt worker is treated more harshly than say John Howard's brother was.”

One could ask the same question of Goff Whitlam’s son and the shenanigans at NRMA.

Examinator “Capitalism has at its base one fatal flaw it assumes that people will act in both their interests and the interest of the whole via the silent hand.”

It would seem to me, the nature of paying taxes, from earnings, contradicts that criticism.

Socialism’s fatal flaw, it assumes that those elevated to exercise power in the name of the proletariat act in the interests of the proletariat.

Unfortunately the actions of Lenin, Stalin and every other ratback socialist politician, including Krudd and as exemplified by that malignant NSW couple, John Della Bosca and Belinda Neal, have proved that to be a complete falsehood.

The capitalist system sees the exercise of such power devolved across many, reducing any “absolute” effect.

The socialist model sees power centralized, ensuring that any error or impropriety has a more “absolute” effect and is harder to discover or rectify.

‘Absolutes’ are undesirable, when dealing with ‘power’, economic or political.

“the truth is people can’t be trusted”.


thats a Gross generality

Examinator must be articulating his own "trustworthiness".

I would sooner trust “people” than “government”

btw, that "silent hand" was louder, as things bumped into it, it being “invisible”.