Alan Greenspan - Capitalism and the Economic Crisis

Complete video at: http://fora.tv/2008/10/02/Alan_Greenspan_Markets_and_the_Judiciary

Former U.S. Federal Reserve Chairman Alan Greenspan predicts that the current global economic crisis may revive the international debate between capitalism and socialism.

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Alan Greenspan discusses Markets and the Judiciary at the Our Courts and Corporate Citizenship conference hosted by the Sandra Day O'Connor Project.

The conference explored the idea that without reliable courts, markets cannot flourish and that a lack of faith in the fair application of the law is an obstacle to market growth. - Georgetown University

Alan Greenspan was from 1987 to 2006 the Chairman of the Federal Reserve of the United States. He currently works as a private advisor, making speeches and providing consulting for firms through his company, Greenspan Associates LLC.

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[hammerhead1919]

The U.S. Federal Reserve is not a branch of the government. The U.S. Federal Reserve is a group of elite (high powered) bankers that control the US money. They controled the intrust rates etc. They were not even under the control of the government, US President or anyone.

[hammerhead1919]

@streetmagicstyle What I am saying, is the the UNITED STATES FEDERAL RESERVES is a privately owned corporation. The United States Government does not control the Federal Reserves. The Federal Reserves controls the United States through the power of money.

[JagjeetMann]

lol this guys is hated by everyone, left and right, what an asshole!!!!

[iwasgozz]

capitalism ?? fair... fairies are more real

[Romansteel13]

@rugbyguy59

"conservative market principles let them."

You lost me here.

What does a political ideology have to do with the dismal science known as economics?

[SleekMinister]

@acidtrashy Lol!

And he's reading it like Fabio would read Edgar Allan Poe.

[TSKlite]

OccupyWallStreet (:

ethics in business must be demanded by the people

[tothemax01]

Lol at 'the disgrace of central planning' coming from the foremost central planner in the US.

[rugbyguy59]

@AUSM92 Don't be daft. Wall Street salaries went nuts after the regulations were removed. This is especially so for banking. That was done by Reagan. The banking elite can do all this because conservative market principles let them.

The New Deal transferred enormous wealth from the hyper rich into programs that benefited working people. 91% highest marginal tax rate. Lower gap between top and bottom incomes. Growing, prospering middle class. Good public education. That's all gone now.

[hungdirect]

All you, you should stop thinking about us like the poor, dirty, and jealous with your life, your money. We, who you think who we are. we still have families, have the money, and stand in this world like you. We don't care what capitalism inject into your brain about us. But we are forever be the good guy. We care for our son, our future, and leave all we had got for them. So we aren't rich, we aren't sinister. But our heart doing for our self know. Who care for their son, he is communist.