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Originally Posted by Overboard
Dam What a ******up world we live in, Maby poeple around the world should help the U.S. instead of calling us names. (Help us help you)
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It cannot be understood why you would deserve any help as long as you stick to a system that has produced the mess we all are in, and for which we already are paying. Just leaning back and saying: "let's close our eyes and then right through it", and afterwards business as before, that cannot be the solution. It is no name-calling per intention, but a necessary defining of the causes for the desaster, when one identifies the US ways of business to have been and still being the epicentre that both caused the turmoil and from where the shockwave spread around the globe.
The years of irresponsible national economic mismanagement, excessive focussing on short term profits only, deficits and mounting debts, living on tick, and creation of super-complex finance "products" by the US banks that nobody can see through anymore and that shuttled risks and losses around the globe just so that nobody would be responsible for them anymore, as well as the stubborn resistance to any measurements that would add back some transparency, respomnsibility and supervision to this wanted chaos, have presented all of us - not just the US citizens but but people of all the globe - the bill for these excesses. Further boosting of the crisis was done by growing excesses of a totally disconnected system of manager boni that motivated them to take risks that simply were hilarious, just so that they would maximise their own already unjustifiable stellar incomes. That way the greed of the few have spelled desaster for all the others. If there is any lesson to be learned, than this: the market
does not regulate itself for the benefit of all, a system basing on egoism and declaring selfishness a virtue
does not produce sufficient positive effects in quality and quantity that compensates the majority for the greed of the few. In other words: this very ideology - has failed.
So, if "helping the US" translates into: just giving money to the US efforts, directly and indirectly, so that it could return to the status of 2007 and before, then the answer is No - No, we do not want to help in that, and it seems neither China nor Europe is willing to assist in that plan anymore. If help for the US means to cooperate with the US to implement a reasonable minimum of superivison and transparency on financial markets, and implementing new rules for financial trading and transaction that are effective in achieving these goals, then the answer will be yes. Just totally liberal market philosphy that wants to rule out any monitoring and supervision in general - that is no longer negotiable. It is a failed system, it is the cause of the breakdown, and
there is no reason to see it as the cure to the disease it has caused itself.
Lance,
it is strange that you point out that "Skybird is totally right" - when we totally disagree concerning what you wrote!
Judging by what you said, we could not assess the situation and it's causes any more different, it seems.