Wednesday, December 3, 2008

Bailouts

Airlines

Wall Street

Car Companies

Who did we miss? oh yeah, citizens. We forgot about people.

I argue that: Letting the institutions, that "We The People" are plunging into debt for, write the terms of their own bailout is a very poor choice on our part. One could go further and see that perhaps allowing companies to fail is natural and integral to the "free market". Our country is delving into more debt to give these institutions & companies money. I propose that our problems will only worsen over time by spending public money (socialism) to bail out private institutions (capitalism).

If you think the interests of these institutions represent you personally and they need propping up without further investigation and discussion, then I suggest a small dose of literature from authors M. Parenti or N. Chomsky... Some reading suggestions are at the bottom of my blog's homepage.


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