on May 14, 2010 at 9:12 am
Sometimes a series of current events come together to make a needed solution unbelievably clear. The past 10 years, America’s Economy has not been an example of the failure of Free Market Capitalism, but a failure of our government’s responsibility to protect that system with rules and regulation. Without refereeing a soccer game, when the players have little honor or respect for the game, chaos will break out when someone uses their hands and no one blows a whistle. Without a referee in America’s government, watching banks and corporate industry, we are now left scrambling to keep the pieces together after the rules haven’t been enforced for a decade. This has left America in a very delicate place, perhaps, if our path isn’t corrected shortly, could lead us to second place amongst the nations of the world.
There Will Be Blame
As BP comes up with new solutions for the oil spill by scrambling letters, the government tries to figure out how it happened.
The big banks make money by taking the bailout money we gave them and lending it back to the government with interest.
Ian Bremmer: The End of the Free Market: Who Wins the War Between States and Corporations?
Ian Bremmer believes that America has to defend its free market principles to succeed in the world economy.
Posted in Articles.