Government-Managed Capitalism: A Love Story

Memo to documentary filmmaker Michael Moore: Free markets didnt cause the financial crisis. The biggest culprits were government planners meddling with the market. So why does Michael Moore (Capitalism: A Love Story) want to route even more power and money through Washington? Centralized planning is economic poison. Doubling down isn't the cure.
Read more at: http://www.acton.org/issues/economy.php

Category:

Nonprofits & Activism

Tags:

• capitalism: a love story
• Davos Capitalism
• government planning
• Free market financial crisis
• managerial capitalism
• centralized planning
• Washington
• Keynes
• free market
• moral hazard
• Acton Institute
• morality
• bailout
• financial crisis
• economic crisis
• meltdown
• michael moore
• capitalism
• wall street
• stock market
• aig
• goldman sachs
• bankruptcy
• foreclosure
• citibank
• bank of america
• federal reserve

[ChrisRhenfeldt]

i often think that the problem, when it comes to regulations, is not a lack of regulations, but bad regulations. if there is a regulation that provokes undesirable behaviour, puting another regulation on top isnt necesarly going to solve the problem. the best think to do is evaluate and then see of you are missing a regulation, need to change a regulation or need to take out a regulation to make things work.

[nolovelost92]

"The biggest culprits were government planners meddling with the market."

The government and corporation were/are in bed with each other.

State-sponsored corporatism and a lack of regulation caused the financial crisis.

[LogicalFlawDetector]

@MrAlienlovechild

Libraries, police, public schools are all bankrupt government monopolies which screw the public. Consider another solution: Take all the forced tax money which are used to run those institutions and give it back to the people and privatize those institutions. This is more efficient -- at the same cost to the tax payer.

[JarlaxleAG]

@alvagoldbook2

Made a dumb reply, didn't remember you were the guy I replied to before. Anyway, you do realize there's alot of fighting going on there ? And has been for a while now... is that due to free markets ?

[alvagoldbook2]

@JarlaxleAG Yes, let's compare Somalia to other African nations. All of them have governments, except Somalia. How many of those countries have higher life expectancies than Somalia?

[julianmot]

@CyberJoeyO Sorry man, but I dont see any goodness on something where people are worried about if they are going to have their jobs the next day, week, or year just because the company "Feels" to make profits over the employees cost. And also, I dont believe that cutting peoples employees and exploit the other is a way of living.

Capitalism is a poison plant, it needs to be eradicated from its roots. We need to bring back democracy in every aspects of life.

[JarlaxleAG]

@alvagoldbook2

I don't know too much about Somalia, but you gotta put it in perspective. Compare it to other African countries as well as with the state Somalia was in 20 or 30 years ago. Also I believe there's still some fighting going on in some of the bordering regions... anyways, I remember reading about a rapid spread of telecommunications services, which was mainly the result of the free market there. I think you can get a gun pretty cheaply there too :)

[alvagoldbook2]

If free markets completely free of government is the answer, then there should be some evidence of it. Somalia has been government free since 1991. Free markets reign there. Even the Mises Institute praises it for it's free markets. And yet Somalia ranks 188 out of 194 countries in life expectancy. 43% of the population live below the poverty line. Where's the free market miracle?