All economic system have their limits and meet them sooner or later. I think we have reached the limits of capitalism. At least, right-wing capitalism.
“You can always re-group and start all over, the opportunity will always be there,”
Maybe for the young and well-capitalized. But the S&P500 will have to go up 74% just to get back to where it was when this mess started. That will likely take decades. So for the retired, or people in their 50’s or 60’s who were just laid off, it’s unlikely they will be able to fully recover.
aeogia about 15 years ago
It’s a disaster alright.
This is what happens when “your” government lets the hogs run wild–free market capitalism in action.
CorosiveFrog Premium Member about 15 years ago
Veeery good one
Lavocat about 15 years ago
Whoever is making and selling those massive foreclosed signs for rooftops must be making a killing.
wmclay about 15 years ago
The capitalist will sell you the rope to hang him with.
CorosiveFrog Premium Member about 15 years ago
All economic system have their limits and meet them sooner or later. I think we have reached the limits of capitalism. At least, right-wing capitalism.
audieholland about 15 years ago
Both communism and capitalism have the same goal: to rid the masses of the burden of private property.
In a communist country, you’re forbidden to have private property, by order of the wealthy elite (communist nomen clatura).
In a capitalist country, you’re free to be robbed by the wealthy elite.
mackado about 15 years ago
Foreclosure is an economic disaster for some families but a wonderful opportunity for other families…
You can always re-group and start all over, the opportunity will always be there, try that under a Communist regime…(if you had a House to begin with)
geezjan about 15 years ago
Right on, Ted.
Who says Republicans are the only people able to line up fanatically behind their disastrous president?
plnelson about 15 years ago
“You can always re-group and start all over, the opportunity will always be there,”
Maybe for the young and well-capitalized. But the S&P500 will have to go up 74% just to get back to where it was when this mess started. That will likely take decades. So for the retired, or people in their 50’s or 60’s who were just laid off, it’s unlikely they will be able to fully recover.