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The U.S. conversion to socialism is inevitable at this point. I think this winds up being the first big step in that direction. But that doesn't mean I have to like it. The government hasn't shown me one thing they can run efficiently
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They haven't been given a chance. The free market has never worked and that is why it gets meddled with. Pure socialism never works and that is why it doesn't exist. I have lived in a fucked up Socialist country (USSR) and I have lived in fucked up capitalist economies (Canada and the UK). Both of which took care of themselves with a certain amount of socialism to rein in the greedy bastard capitalists. Greed is not necessarily good. It does not provide clean water, good health care or safe transportation. This has been proven recently in England.
The United States has never given any kind of codified socialism a chance. An equitable distribution of the wealth leads to a safer, healthier environment. When too much of the wealth is horded by too few, crime runs rampant. It ultimately leads to revolution. That is what happened in Russia in 1917. For those who say it can't happen here and now, think again. There is nothing new under the sun and history does and will repeat itself.
If you really believe in the unfettered free market, you only have to look at the porn business since the internet and see the scum that slither between the legal cracks. This JMM thing is just one incident in a litany of "free trader" incidents.
Fuck all the excuses about sub prime crap. If these "capitalists" had rang alarm bells months ago, this could have been avoided. But they were scumbags in guccis and it all came down in one week. What happened to "one if by land, two if by sea".
America has lost the conscience it once had that made it a great among nations. Now it has become a greedy bully that got its shins kicked since Iraq and is crying crocodile tears and begging the world to understand.
Sad state of affairs.