More Fun To Compute said:
The idea that markets are more efficient the less that governments have to do with them is something else and verges on political ideology...His political messages are more suspect.
Which is one of the ideas I differ with him on, which is why I make an effort to focus on the message (a practice you and I seem to be in agreement over). I think Keynes was on the right path with government involvement, I feel there should be a decent amount of regulation on the banking industry, seeing as the privately owned "Federal" Reserve System can run the country's economy however they see fit at the moment.
More Fun To Compute said:
There is no doubt that things like trade and currency have been a boon to mankind although I see them as a means to an end and not the goal in themselves.
Nor do I, glad to see we're in agreement. Capitalism may not be the perfect system (and there never will be one), but if we can better regulate how the super rich special interest(and banking industry) can influence politics, it can be restrengthened in its position as the best system "so far".
ZippyDSMlee said:
Its not that simple our founding fathers did not foresee a indavendaul or company being more powerful than a nation,
But they really were aware of it, which is why the Federal Reserve System didn't exist, up until 1913. Here's a Thomas Jefferson quote that is often paraphrased:
..."And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
ZippyDSMlee said:
Because the system dose not block the flow of money to our officials they can ignore what the people need
True, and it's because of the vague rules surrounding special interest groups that are the problem. It's one of the bigger promises that the current administration broke.
http://www.politifact.com/truth-o-meter/promises/promise/240/tougher-rules-against-revolving-door-for-lobbyists/
ZippyDSMlee said:
Tho I would give the people as much as 50% of the blame, there is no doubt the people have some power but they are sheep wooly and witless unable to see past their current meal.
I would give them exactly that much blame, with the other 50% on the 545 people in congress.
http://www.snopes.com/politics/soapbox/reese.asp