Burn Proof

Do you feel that self correcting/self regulating market correcting and regulating itself?

My mom used to say. . . "Absolute power corrupts absolutely." Sure that's not original to her but neither was the concept of giving me guidelines. You don't give children flamethrowers and say, "hey, use that wisely and don't burn anything down, OK?" And; you don't give a bunch of greedy capitalists unfettered access to moneys and expect them to consider the best interests of anyone but themselves.

The most inanely stupid thing possible is to decentralize, deregulate and privatize institutions that are important to everyone in the society.

Witness:
-Privatized public education: Philadelphia in the late 90's
-Private military contracts: Haliburton, Blackwater (the list is about 18 trillion dollars long)
-Privatization of student loans
-Deregulation of federal banks and federal programs
-Deregulation of the banking industry in general (Bush family S&L scandals of the 90's)
-Almost zero government oversight of financial institutions that are leading to international market degradation.

. . . Yet politicians with "fiscally conservative" ideas are still handing us a bag of crap and telling us it is a bouquet of roses.

Thank god our economy is still "fundamentally sound."