Wall St: More complicated means more profitable

Robert Johnson: Does the White House govern wall street or the other way around?

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• Robert Johnson

[abilityoflove]

Capitalism is not just a product of the rich. It is equally product of the poor, who see in the rich everything they wish to become. It is a two-way relationship. Hence the change needs to happen on all levels and the blame is not just with the rich.

In other words the system is an ideology which is why there is no will to question it as that would lead to a psychological transformation.

[blackiron60]

Globalization shields these big banks from the repercussions of their own crimes. No one nation, including the U.S. (even if it wanted to), can take on global capitalism alone - the globally mobile corporate elite will always find a way around national regulations. Unless there is global governance, global civil society, global democratic input, regulation isn't going to mean anything.

[GBPaddling]

The last line in "Wont get fooled again" by "The Who" sums up all this new Presidents/Prime Ministers/Dictators thing: "MEET THE NEW BOSS,SAME AS THE OLD BOSS"

[bbburton]

It's not complicated, it's fraud, and fraud is a crime. The cure for fraud is to prosecute those who perpetrate the fraud. But what does gov do? It rewards the criminals and punishes the people. And what do these guys propose? More regulation. What a waste.

[DanMorgan98]

Really? You're getting a "batchelor degree?"

[dmp079]

I know about the Austrian School of Economics that is why I mentioned Ludwig Von Mises. Not a fan of the Laissez-faire without control in certain areas. We just have different economic thoughts. Again good debate.

[asperin]

@dmp079

"This is not Austria"

The Austrian School of Economics is not only for Austrians or does it only work in Austria.

You should have known that if you knew about Economics.

[dmp079]

This is not Austria. Plus you just met someone who just does not agree with the Milton Freeman or Ludwig Heinrich Edler von Mises economic theories. Good debate though.

[dmp079]

Thats good your beliefs is that way. Good for you. I just don't agree with you.

[asperin]

@dmp079

I see that as logical, makes perfect sense, even to those who do not want a free market agree JUST on principle, YET they see humanity frozen in time, as savages that would never be able to be trusted so they form management groups(govts) with an indefinite lifespan, who use violence to put order, but quite the opposite happens as demonstrated over and over again.

Keynesian Economists should recognize their defeat and faulty Economics and rethink their ideas of how a market should be.

[asperin]

@dmp079

Austrian Economists disagree with regulating any of the market.

They believe the market should only be regulated by its participants, producers and consumers, via supply and demand.

-Continues-

[asperin]

@dmp079

Actually, I'm not libertarian, I go all the way, I advocate a complete free market and abolishing the State completely.

You can call it market anarchy, anarcho-capitalism or anti-statism.