CNBC's Dylan Ratigan: Capitalism is broken

DYLAN RATIGAN: "We have a broken system right now."

JOE SCARBOROUGH: "It's a money party."

RATIGAN: "We allowed excess risk-taking. We allowed total detachment of checks and balances of capitalism. Capitalism is broken."

SCARBOROUGH: "Capitalism as practiced in republican Washington over the past eight years--"

RATIGAN: "Busted. Terrible."

SCARBOROUGH: "--is not capitalism."

Category:

News & Politics

Tags:

• capitalism
• Morning
• Joe
• Ron
• Paul
• politics
• economics
• analysis

[mustang607]

This is what you get when we allow socialists to dictate hosing policies. After blaming the free market, their "solution" is more bailouts and much more debt.

[sewerface]

@mustang607 WTF are you talking about? It's capitalists who chose to bailout Wall St., routinely subsidize the NFL and NASCAR. Capitalists give no-bid contracts to Halliburton and start wars for profit.

Stupidity this stupid makes me want to puke. *Blocked.*

[amy1827]

Pat looked like he just woke up and didn't know where he was -- lol

[sewerface]

@BeatleStone

You honestly think MSNBC is far-left? Why don't they ever put Noam Chomsky on? Why don't they ever put Naomi Klein on?

Your fox-news addled brain is clearly too disoriented to see straight.

*blocked*

[TheWoodenChainsaw]

Free market is another term for anarchy.

[anaihilator]

i cant believe joe actually said something useful and true for once.

[john1962712]

CORRECT!

The current capitalism (neoclassical economics) is inconsistent, unscientific!

[Neosaigo]

What the neo-con have practiced was not capitalism, I knew that already, it was actually ponzi capitalism for the lack of a better word.

However that is the reason why capitalism must always be governed by some regulation. Someone has to keep the market honest and fair, and that someone is suppose to be the government, but the government is bought and sold to the highest bidder already.

So the only thing we can do now is to take money out of Congress and elections, and limit lobbying.

[rleary1]

I love Pat Buchanan but he's looks like 'Walter Brennan' in this video LOL!

[dEdGrimley]

I kinda feel like seeing a pundit on whichever network you put them on is kinda like auto-tuning them. You put them on MSNBC, they sound one way, regardless of party, you put them on Fox, they sound like idiots, regardless of party. Scarborough is a fairly reasonable Con on MSNBC.

[mavishill]

@yurherenow so?