proof why fake capitalism doesnt work

[satan69]

well, goldman sachs is up to their old tricks again.
http://www.guardian.co.uk/business/2012/...y-bankrupt

a high level director said they dont care about their clients and are doing them harm. This is a example of why crony capitalism doesnt work. they got bailed out and now they know it doesnt matter how dishonest they are, they will get bailed out again in the future. same as chrysler in the 80's. if companies are allowed to go bk, that culture gets weeded out. better companies that care about their clients start up and the economy is better for it. capitalism is about the best ideas and smartest managemt coming to the top, and the dishonest unqualified going under. unfortunately, capitalism gets blamed for all the problems when it was really government intervention of capitalism that fails us.

[germanyt]

(15-03-2012 02:49 AM)satan69 Wrote:  well, goldman sachs is up to their old tricks again.
http://www.guardian.co.uk/business/2012/...y-bankrupt

a high level director said they dont care about their clients and are doing them harm. This is a example of why crony capitalism doesnt work. they got bailed out and now they know it doesnt matter how dishonest they are, they will get bailed out again in the future. same as chrysler in the 80's. if companies are allowed to go bk, that culture gets weeded out. better companies that care about their clients start up and the economy is better for it. capitalism is about the best ideas and smartest managemt coming to the top, and the dishonest unqualified going under. unfortunately, capitalism gets blamed for all the problems when it was really government intervention of capitalism that fails us.

Don't blame me. I voted for Ron Paul.