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Originally posted by poet1b
reply to post by nightbringr
It is nice to see an intelligent reply on the subject for a change.
Bankers have made ridiculous amounts of money because the laws have been written to stack the odds in their favor.
Investing has been profitable for many, and those are real sources of income, but you ought to consider that your stock market gains have came from considerable losses in the incomes of lower working class people. It is down right shameful. Plenty of hard working people live in poverty, and in a society that produces as much as we do, more than we actually need, that is a down right shame. Not that this is any of your fault, just stating a reality.
No, our free market system isn't as bad as China's free market system, but that isn't due to a lack of effort on the part of the elites here in the U.S..
China does not regulate its economy, that is free market idealism. Connect the dots.
I watched the videos and the arguments that gentleman presented are not strong enough to warrant even a dismal chance of war between U.S. and China. There will be no war, stop fear mongering, stop war mongering, just stop this U.S. vs China war talk altogether.
Originally posted by eLPresidente
There is no evidence in the videos presented, please try again.
True deregulation would not protect any business from free competition...[/quote]
I don't know what you mean by "true deregulation". The only way market economies function efficiently, is when markets are competitive, and that only happens when a governing body evenly enforces a fair set of rules, like in professional sports. That means laws/regulations to prevent cheating and fraud.
There no automatic way for this to happen as the whole free market scam claims.
China's current situation is a direct result of the system set up by the ICs/International bankers, and a majority of them are here in the U.S.. Like all ponzi schemes, all attempts at free markets are doomed to fail, and China, and the current U.S. are no exception.
I agree, if China can find a way to attack, they will.