Bear Stearns downfall and purchase by JP Morgan proves again the hollow claims of capitalists about Laissez-faire economy and the rule of government in it. At times of prosperity when the greed rules supreme, their economists claim that the government should be as small as possible. It should not interfere in the affairs of the market and must let capitalists shave the public as much as they want to fill up their pockets and own 10 estates instead of only 1. Any attempt at wealth redistribution is faced by hollers of interference. NO, it is not good for economy. NO, the government should not interfere at all and should let the economy run its course.
But look at Bear Stearns comedy now. The moment the excess greed turns into the economic storm and the ships start sinking left and right and centre, then the same capitalists turn to the government, with caps in hands, for survival. The same government which was "BAD" and was not supposed to touch their pockets, now has to save them out with "tax payer's" money. The same people, who were not worthy enough as human beings to share in the prosperous times, are now expected to pay out of their pockets and through their taxes to save out the capitalist's companies and corporations.
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Don't forget that the conservative Republican crooks often lecture people about "responsibility for your own action", and "wonderful system of the free market economy". Now their action is clearly louder than their words, and it shows their ugly, shameless face. Their rules of responsibility and free market system are only applied to the working classe people.
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