To cool a market meltdown. I finally found an article that addresses the problem that I
spoke about in my article "Doomsday Scenario". I found an article at the Christian Science Monitor called "To Cool a Market Meltdown Apply Aid Carefully"
http://www.csmonitor.com/2007/1130/p02s04-usec.html
In this article I began to find some answers. He says that because of some of the mistakes of banking and other investment companies those instituitions probably need to be allowed to fail if their mistakes were too extreme. To bail out companies that shouldn't be bailed out because of basic monetary incompetence doesn't make any sense. Even though the operative word in capitalism is greed rather than "from each according to his ability and to each according to his or her need", still that greed has to be practical for all concerned. If it is in the end not practical then that institution needs to be allowed to fail. For example, if a person stands in front of an oncoming truck that person likely will die. If banking or financial institutions metaphorically do the same things then they will die too. It is simply a fact of life and no amount of government interference can change that unless the government itself wants to collapse in unreality eventually just like many third world governments do in these kinds of situations.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Because of fighting in Ukraine and Israel Bombing Iran I thought I should share this EMP I wrote in 2011
- Here Are the New Members of Donald Trump’s Administration So Far
- "There is nothing so good that no bad may come of it and nothing so bad that no good may come of it": Descartes
- Historicity of Jesus-Wikipedia
- US intelligence officials make last-ditch effort to sound the alarm over foreign election interference
- Holiday Fire in Goleta: 19 structures destroyed: 80% contained: evacuations lifted
- CAVE FIRE EVACUATIONS TO BE LIFTED WEDNESDAY
- Keri Russell pulls back the curtain on "The Diplomat" (season 2 filming now for Netflix)
- I tried to get a copy from France from French Wikipedia but it just took me back to English Wikipedia:
- 6 inches of Rain hit Santa Barbara tonight according to Weather Channel
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