1) I am not saying the mafia is good and never have done, why do you keep bringing them up??? I have said so many times that they are wrong. However, the roles the government and the mafia perform are very similar!
Pure republics cannot be pure democracies. In a pure deomocracy, if there were 3 people, you, NJB and that other fella who didn't like you had decided to kill you, the public would have the majority vote and would (under a democracy) be allowed to kill you.
What we have is an oligarchy, did anyone vote for Gordon Brown? Did anyone vote for the illegal bailout packages or the fact that we moved to fiat money and the disasterous BoE?? Did anyone vote for the Iraq war? There are now calls to stop the opposition parties having a voice "so the government can focus on the problem"
2) I am not saying your company IS a monopoly (you are putting words in my mouth again Ian!) I am saying that if there was increased competition you would have to become more efficient! Do you agree?
Ian I have NEVER said "it is only governments who are inneficient" I have stated that governments are LESS efficient than private companies.
Ian, how many times!!!!??? The banks have NOT had unrestricted capitalism but were lead into this by the distortion in the economy the government wanted to create!!! THE FREE MARKET WAS NOT ALLOWED TO TAKE ITS COURSE AND THE SHOCKING MONETRY SYSTEM ALLOWED IT TO HAPPEN. Like i said in my second post, you leave a alchi with a barrel of beer for a day what will happen?? Any company will maximize its profits within the rules (rules that were taken away by the government for its own benefit) It is not the banks fault, it is the governments.
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Ian, the system of which I talk is NOT imagenry and DID exist 50 years ago in the USA, and look how well that did. The system I talk has existed THOUSANDS of times throughout history, only to be ruined by corrupt and power hungry politicians. The 'utopia' I talk of existed in 1776, and THOUSANDS of years earlier. Our monetary system (not backed by gold but pure fiat), our banking system (fractional reserve banking) and our political system (too many regulations and taxes) has FAILED and with any hope we can go to a free market republic, only for the cycle to start once more.
What is so much to ask, where those who have worked to earn money can decide what products and services are worth in a FREE MARKET and decide what to spend their hard earned money on, without the government biting the hand that feeds it?
If you want examples of why we are not in a free market and examples of market manipulation and why it doesn't work I can give you thousands.
Your whole argument is based on the fact that this disaster happened BECAUSE of the free market, which simply is not true for 2 reasons.
1. We did not have a free market, the free market did not set interest rates. Money in its purest and only true form (gold) cannot be created, when the supply is short the free market must raise interest rates to balance the amount of borrowing and spending. Due to fiat and fractional reserve banking, the interest rates can be set artificially low and money can be lent out that doesn't exist! So who needs bank deposits???
2. This led to a distortion in the economy and malinvestments from home owners, banks and private companies, which have turned sour. Instead of working and manufacturing, factories were knocked down to build homes on!
As you know, had interest rates been high (and had the potential amount of money in circulation been finite) the artificial bidding up of house prices by speculatiors would never have happened and this country would have to MANUFACTURE to gain wealth, rather than simply rely on assets worth next to nothing, but on paper worth TRILLIONS.
Can you see how the situation would be different if the free market was allowed to take its course?
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ITPRO by 'WillDendy87' (31 Jan 2009 @ 15:22)
