[NTDF9]

The proponents of current form of capitalism miss a big big aspect of free-market capitalism. That is: taking losses.

Every capitalism proponent is so tied up to the stock market that they don't want to see losses. Thus they resort to policies that would somehow socialize losses.

If you are really free market, you need to accept losses.

- Let the FED not print money which causes inflation which is driving a regular life out of the young's reach

- Let students declare bankruptcy on student loans

- Let your social security go bankrupt, it is market driven

- Let your house prices go underwater. Whoever said it should always go up and that the young should burn their lives to buy it from old geezers at elevated prices.

But no, the boomers don't want those losses. This is where cries for socialism is coming from.

[gnusty_gnurc]

> The proponents of current form of capitalism miss a big big aspect of free-market capitalism. That is: taking losses.

It might be clearer if you just called "the current form of capitalism" crony capitalism. It's not free market and that's why I laugh whenever people say that capitalism is failing. Progressives won a long time ago (during the Progressive era) and crafted a massive government, instituted heavy centralized planning, and we're seeing the failure of the centralization of government play out today.

[NTDF9]

Are you really kidding me? I'm not sure if you are looking at things objectively when you blame progressives (for something they didn't even do) while the current administration is enriching the oligarchs

[gnusty_gnurc]

Enriching the oligarchs? Compared to under Bush and Obama when their administrations espoused the notion that "everyone dies if we don't inject massive amounts of money into irresponsible corporations." Everyone enriches oligarchs. Blaming it on one administration or the other misses the larger point that strong central planning is the defining feature of anything done by federal govt nowadays (something that, like I said, we got from the early 20th c).

[NTDF9]

Every administration has a problem. You are the one who brought some "progressive" nonsense in the first place, when you yourself know that it's not a political party issue. It's a problem with our politics which is sold out to the highest bidder.

Oligarchs in our system are people funding lobbyists. How else do you think Oligarchs work?

Let's be rational and remove the blame game. Focus on the problem and we know none of the political leaders are doing anything to fix it.