ok then .... Socializing Loss, bad
.... if you get the profits you get the risk .... end of discussion .....
Socializing loss isn't in and of itself bad nor is privatizing gain. It's HOW we do it. Privatizing loss and socializing gain, again, it's not the principle, it's the balance.
If we start with a core belief in individual freedom and liberty, property rights, pursuit of happiness, limited government, all that core stuff, that the goal is to form a more perfect union of WE, the people, then everything will, should, have a social component as well as private.
Affleck, Damon, they're like Occupy Wall Street, they're on to something but, they don't really see it. I think of them as canaries in the coal mine; they're suffering but, they don't know, or understand, why. And this was my great disappointment with the TEA party types. We KNOW how this works, how big business goes about it's interests at the expense of everything that is important, the individual, the more perfect union. Too Big is too big. However, we've created all these incentives and roadblocks and distortions that put the nations welfare at such enormous risk that we end up unable to see a way out, a way AWAY from Too Big and...it gets bigger. People tend to do much better, because they matter more, in small groups rather than enormous ones. It is better to have 4 US car makers than 3 and better to have 5 than 4 and that applies to most of our national welfare. Better to have more smaller banks. Better to have more food options, more computer, software, TV, service provider options.
There are very few things where BIGGER is truly better for the general welfare; military, big infrastructure, space program, energy policies, stuff like that.
And one of the key, core problems is corporate person-hood. Companies MUST be answerable to their communities and, when they get too big, they are too big for that to matter anymore.
This is a poignant read given it was written in 1952;
http://en.wikipedia.org/wiki/Player_Piano_(novel)
We've lost our way as a nation and, unless and until we can regain some common values, there is no more 'perfect' union. There is only corporations. Much is going on to work the other way and maybe things are better than I fear. My new business model is revealing widespread interest in small, local and that can be nothing but good. Frankly, it's a symptom of the weakness of Too Big; When Too Big gets too big, all the efficiencies and gains an improvements of growth get lost and it becomes about NOTHING but profit and quality and service and the intangible 'goodness' of small are lost. Ideally, something too big WILL fail because it is too big, like a giant, fat, slovenly, all consuming monster. It just fails of it's own weight. TARP prevented that very thing. Those banks NEEDED to pay for their anti freedom, anti liberty, anti community and anti people ways and means. But, they didn't, Not yet, because they're big enough to buy us off. For now.