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Originally Posted by goldorak
Its the end of the completely free market deregulation capitalism ideology.
Just 15 years after the end of communism and 15 years too late if you ask me.
The 2 greatest 20th century ideologies finally put to rest.
Oh well, all we can hope for is that from this debacle a new economic order arises.
A better and more transparent one.  |
What? We haven't had anything approaching a "free" market since the 30's, arguably, before that. We have regulated capitalism right now and even had it in the financial sector. A lot of those institutions were bound by federal law to pursue sub-prime lending.
I'm curious about what type of order you would like to see....