The End of American capitalism?
Market turmoil draining the nation's wealth may claim another casualty
Debating on LucasForums brings a variety of perspectives. Each person has a unique experience based upon where they live. People living in the United States (and in some other countries) structure everything on unregulated systems. Capitalism is what drives the American Dream. You are able to pursue different avenues to secure a house, job, and other necessities. We take it all for granted.
Several of the converations on LucasForums deals with regulating systems. Universal Healthcare (National Healthcare) is such a regulated system. Any type of system in which government has an involvement in is regulated. Some of the systems in place are important, but others are more redundant systems.
Since the 1930s, U.S. banks were the flagships of American economic might, and emulation by other nations of the fiercely free-market financial system in the United States was expected and encouraged. But the market turmoil that is draining the nation's wealth and has upended Wall Street now threatens to put the banks at the heart of the U.S. financial system at least partly in the hands of the government.
The Bush administration is considering a partial nationalization of some banks, buying up a portion of their shares to shore them up and restore confidence as part of the $700 billion government bailout. The notion of government ownership in the financial sector, even as a minority stakeholder, goes against what market purists say they see as the foundation of the American system.
If the government steps in and nationalizes systems, we will become one step closer to communism. U.S. government will be able to tell you how to eat, talk, walk, buy, and how to do buisness. Your freedom of choice, variety, and other behaviors will be over.
Comments? Thoughts? Theories?