To Squander a Nation
September 21st, 2008 . by iVote
We are now seeing what capitalism in its purest form can do to a society when it is allowed to run amuck with greed and self-serving interests.
The collapse of our financial and credit markets is a direct result of people wanting more, and more and more, with little or no regard for the long term consequences.
Are we getting what we deserve? No, but we are getting what we created, that’s for sure. Wall Street and its minion of corporations, CEOs and financial managers have been serving themselves for so long in ways so pervasive that even the Treasury Secretary, Henry Paulson, indicated on Meet the Press (Sunday, September 21, 2008) that even he and other officials don’t know how the complicated investments of AIG actually work.
Unbridled capitalism, left to run a greedy, unchecked and unsupervised course may end up being worse than we ever imagined.
While we should have been investing in health care, the environment, alternative energy and balancing the budget, those who are entrusted with our money allowed greedy capitalist to nearly squander a nation. As long as greed is allowed to continue we will never bring solutions to the real needs of Americans.
The takeover of the financial and credit markets by our government is long over due and seems to be the only way to stop self-indulgent capitalists who have nearly ruin this country. Let’s all remind ourselves that we cannot have a self-indulgent nation without a lot of self-indulgent people.
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