How would you fix the economy ?

[bhunter]

Originally Posted by d-ray657

Sad thing is the brain drain that Wall Street caused. They took some of the brightest in mathmatics and the sciences, directed their efforts toward beating an artificial system, rather than toward producing things of real value, but suffered real consequences when they screwed up.

Regards,

D-Ray

You mean you don't see the joint stock company as a stabilizing economic force? What do you think is artificial about Wall Street? The sciences are also filled with the same type of ambitious folks as Wall Street. Perhaps, if government wasn't there artificially manipulating the market, market forces would be effective. If you have a better idea than the market, then, by all means, tell us. Wholesale condemnation of Wall Street without a viable alternative rings a trifle hollow IMHO. Fannie and Freddie alone ought demonstrate the folly of government involvement in markets, but, of course, the central planners will get it right the next time. It just needs a little more tinkering. Unfortunately, there is not one nation where that has been successful over the long term. The glory days of a pseudo-socialist Europe and the much ballyhooed ascendency of the European Union are long gone. The heralded China economy is overheated, but is fraught with nascent internal problems that will soon slow its influence.

No, free markets might not be ideal, but there just isn't anything else that reflects the inherent nature of self-interested human beings better while concomitantly nourishing liberty.