Ferrari Mailing List: Re: Latest Government Actions (NFC)

[Charles Perry (charles]

By definition, it's not capitalism if the government steps in to bail
them out. Capitalism is based on the FREE market economy - meaning free
of artificial influences besides supply and demand.

I am a huge fan of capitalism, but believe the companies should be
reaping what they sow. They have acted irresponsibly for a long time,
and the free market solution to that is that the company dies by its own
hand. If you let the government fix things to artificially influence
consumer confidence and similar effects on similar companies, then you
are essentially socialist to begin with. Socialism isn't rescuing
capitalism - it's merely asserting itself more visibly. 

If the government stepped out, no question that things would be worse
for a while, but they would be better in the long run as companies learn
a more far-sighted approach to management, rather than chasing 1/4 point
stock price gains. As long as big government prevents the natural
influences of the market from running to their conclusion, you can't
blame capitalism as a flawed approach.

And I honestly can't believe that anyone who believes that you should be
able to keep what you earn can support Obama. Every candidate has their
plusses and minuses, but my vote usually follows what's in my financial
best interest, and a Democratic president in tandem with what is likely
to be a Democratic Congress can't be any sort of positive change for
people who live off their own work, rather than that of others...

-- charles


-----Original Message-----
From: Tom Reynolds [mailto:kjtar [at] cox.net] 
Sent: Saturday, September 20, 2008 11:19 PM
To: Charles Perry
Cc: ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] Latest Government Actions (NFC) [Ferrari
Digest,Vol 26, Issue 27]

And, of course there's AIG (yes, I do have their auto policies-full
disclosure) who is anything BUT a governmental (quasi) entity, isn't is
somehow ironic, yet reassuring in these troubled times that socialism is
rescuing capitalism gone greedy (or stupid) or both?
TongueincheekTominTulsa