Question: End of American Capitalism?
Are we witnessing the end of American capitalism?
First we're going to bailout banks and brokerages firms. Next it will be our failing auto industry. Then it seems likely that the next president will nationalize health care. The next president will be a retro-president. 70's. But is it going to be Ford or Carter? Either way, a janitor after the party.
For almost thirty years, the conservative revolution led by President Reagan ushered in a new era of capitalism that created wealth and a standard of living never seen before. Now, as a failed president Bush and an even bigger failure of Nancy Pelosi's Congress signs the bailout, it looks like that prosperity is crashing to an end. Failures + Fail = Epic Fail. How can we loose?
What's going to replace it? FDR-style socialism that makes people more dependent on the government. Big taxes, big unemployment. Ah, the 30's without Prohibition. What fun!
Do you believe this is the case, what's the real cause, who's to blame, and what can be done before America becomes France?