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This article is written by a crazy person. It fires its first shot with "Wall Street corporations were designed for the sole purpose of making profits." Movin
by shrughes 17y ago
This article is written by a crazy person.
It fires its first shot with "Wall Street corporations were designed for the sole purpose of making profits." Moving on, we see "US Economic and Financial System Is Incapable of Meaningful Change." And then, "The United States is supposed to be a democracy, and free market economy. But is the free market system really smart? I don't think so!"
And finally it talks about how importing resources is bad.
- forinti 17y agoIt bothers me a lot that he gives so much credit to the military, who, having done a little good, also did a lot of damage.
- rbanffy 17y agoThey did a lot of infrastructure work, to be fair. Brazil had a chaotic telecom structure. The Ethanol fuel ecosystem is also very interesting.
- forinti 17y agoThat's an interesting discussion! They did built a lot of dams and highways, but they ignored that the country was quickly urbanizing and now we have chaotic cities.
- piguy314 17y agoWall street would actually self regulate if the price of money (interest rates) was set by the market and not held down by a central bank. It's pretty hard to have a 50 to 1 leverage ratio when borrowing money costs 8 or 9 percent per year.