Quote:
Originally Posted by nation-x
The people who keep pushing unregulated free markets are empowering that 100%.
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The only way these corporations have been able to do what they do is BECAUSE of the government. The government has always been in bed with those big corporations.
* In a free market you are free to refuse to buy certain products and services.
* In a free market you are free to refuse to use a currency that is being inflated and devalued by big corporations.
* In a free market you wouldn't be forced to bail out big corporations.
* In a free market you wouldn't have the governments spending tax dollars on huge projects that they'll later sell at below-market prices to the same corporations they paid (at above-market prices) to construct those projects and call it neo-liberal privatizations.
* In a free market you wouldn't have big corporations lobby for new laws and regulations that are aimed at protecting the marketshare of those big corporations against innovative new and small companies.
* In a free market the Greek government wouldn't have been able to borrow all of this money (that they now expect all taxpayers from the entire EU to pay back).
* In a free market, the French and other banks that hold most of the Greek debt would be punished for their irresponsible behavior by going bankrupt.
* ...
The great thing about the free market is that it rewards responsible behavior and punishes irresponsible behavior.
Those who develop and sell products and services that people want and are willing to pay for, make money.
Those who invest in projects that people don't want and aren't willing to pay for, lose their money.
What the governments have been doing is reward their irresponsible friends by letting the taxpayer pay the debts of those irresponsible corporations. And the majority of the people fail to see it and fall for the lies of the politicians: "we had to save that bank or people would have lost their savings" or "we had to bailout that company because it was too big to fail" or "you need to pay extra taxes and show some solidarity with the people of Greece". LOL, solidarity,... This isn't about the Greek people. It's about politicians bailing out the banks that hold the Greek debt.