In Re: Wall Street Protests - is there a viable "Third Way" ?

  • Posted by a hidden member.
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    Oct 01, 2011 9:15 PM GMT
    So as regarding a solution for the subject of these Wall Street protests:

    Is there a third way that will solve 80% or more of he basic problems we face?

    Socialism (of the Northern European sort) breaks down if the nation so governed by it is not a net exporter of certain important commodities, or a net exporter of goods, AND has a culture conditioned to it;

    The mixed mode of socialism and free market that the People's Republic of China uses is grossly despotic in terms of its human rights record and fails to yet achieve the creation of a broad middle class, with a GINI index approaching our own, and probably exceeding it.

    The not-entirely-free-market-but-more-so-than-most-other-nations mode we have in the USA is crumbling under the desperation of masses of impoverished former members of the middle class, greedy corporate management stuffing their pockets with cash from the public dole as well as horrifically leveraged bets that come out off the public printing press and ultimately from the consumer's pockets in terms of real (not artificially contrived CPI metrics propaganda) inflation, and crushing foreign debt that we can only guess at when foreign nations will want to annex our territory as payment against an unbearable and unserviceable debt. Among a
    great many other evils threatening to undo us...

    Debt leveraging and Wall St. gambles with the moneynof other / stupider people and teh like...

    What balance can be made that preserves some measure of a free market without impeding trade to a degree that stops the economy, and what balance of power can there be between government, big multinational corporations and their lobbies, big labour and the "little man"?

    Can there be fairness on this earth without revolving into authoritarianism and stagnation?

    All are welcome to reply: please keep the trolling/asshattery and name-calling to a minimum if humanly possible. icon_smile.gif
  • creature

    Posts: 5197

    Oct 01, 2011 10:05 PM GMT
    I don't have the intelligent response you're looking for, but I'll just offer an opinion.

    I think the problem is that we have created a lot of inroads for Wall Street and corporations to exploit, and these roads are paved with cash. The push to get people to own homes is a mistake. Owning a home is a big responsibility, and too many people were not ready to own one. If the federal government didn't create this opportunity to exploit where first-time buyers took the bait, we would not have this big of a mess.

    I don't have a problem with capitalism. You can thrive in a capitalistic and socialistic society. My issue with the hard stance of the free trade market is the disregard for the social contract and the preservation of a balanced ecology.