Clarke and Dawe - The European Crisis

"An Economist." Originally aired on ABC TV's 7.30: 21/06/2012
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• Category

  News & Politics

[MrJarth]

Never should of bailed out the banks in the 1st place, in a free market if something fails then it fails none of this bullshit crony capitalism were the people have to pay for the banks mistakes.

[AdeV2]

"Let's pretend that Greece has an economy" - LOL, but scarily accurate. Satire this may be, but there's a real danger it's prescience.

[Daniel Vester]

Good old Austrian thinking

[MrJarth]

it hasn't failed, capitalism is everywhere.

In your everyday life, you don't get what you want from giving or forcing others, you trade.

Just because the government corrupts it doesn't mean the base function is corrupted.

[MrJarth]

It turns out the US government was in all this and incentised bad choices, because if you can't lose, why would you bet on safe loans?

It is the government that is the problem here.

[Snowy123]

Isn't that an easy thing to say. A lot of businesses (Like automobile makers) rely on banks for running daily business like keeping the lights on and paying the employees. Without cashflow into the system these companies would not be able to run and will fail over night.

It's called a financial freeze. check it out.

[Clay Myers-Bowman]

too funny! bahahahaha

[Tomek0102]

Kombaiya bahahaha ya

[alex59ba]

simply brilliant:)

[melpod77]

You said it! Unfortunately the politicians are all in bed with the big corporations and will do anything in their power to stop the "shake up" that needs to happen.

[MrJarth]

I do. But that is how the free market should work.

The amazing thing about the great depression is that is reset the market. It wasn't just poor and middle class people that lost money, millionaires lost their money.

It shook up the market and actually increased market competition.

As it stands now, sure it got bailed out but nothing got fixed. All the money went to the richest corporations and they actually gained money, not lost. The government (the people) paid for it. This is not right.

[GenericLatinUsername]

Sorry, but you clearly don't understand the economic ramifications of a large bank or corporation going bust.