Risk exists, and risk has consequences.
If we hurt this, one important precept, we will do horrible damage to the legitimacy of the very capitalist markets that launched the United States to prominence. Capitalism rewards the very spirit of human interaction and social disposition. It is a key foundational element of our success as a nation.
If you don't believe me, believe China! This staunch Communist government adopted Capitalism. Why? Because they ceded to the fact that human interaction requires management of the more guttural aspects of human existence (Greed, Conquest, et al). Capitalism provides a framework that allows individuals to satisfy these needs and serve the greater good of the country by advancing the economy. It is perfect in it's structure and form for what it is and does.
However you can't have Capitalism without risk. Risk requires the threat of loss. Without that threat, there can be no reward. Right now, in America 2009, we have the bill of all the risk we have taken coming due, and some of us will have to pay that bill. The Government, with their poorly thought out, anti-capitalist plans is delaying the payment of that very bill. They need to get out of the way and let it happen.
1 comment:
i agree completely. i didn't overleverage myself, i'm still renting because i didn't take out a mortgage i couldn't afford, and i certainly don't want to be paying for other people and businesses' mistakes. i accept that i have to in any regards (in the form of my savings and retirement and investments going down, down, down) but that doesn't mean the government should be handing out more of my money in addition to that!
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