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Originally Posted by UnderseaLcpl
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....
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What order I would like to see ?
How about one in which financial health is directly linked to industrial production. Where financial assets are linked with real tangibile things.
One where the risk of doing a bad operation is 100% taken by the financial istitution. Private profits ? Ok. Private loses also.
One order where self regulating markets are thrown out the window as experience has demostrated they don't work.
Just for starters, and this doesn't mean a communist or socialist state driven economy.
The faster americans learn this reality the better we're all going to be.