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Old 19th May 2009, 03:35
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sumtingwong
 
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Perhaps you should study your posts or mine a little better, as you make my point for me. And for the record the only one harping on about communism is you.

Your point - Services that governments provide such as education health and defense are paid for how? By the redistribution of wealth. Which was my point. Are you so narrowed by your dogma that you still think I'm talking about communism. Nor am I talking about the welfare state. Take a breath and try to see another point of view.

You said:

One of the main problems which has led the country and the world into this financial mess is the populations mindset of the government being there to catch your fall. "The government will look after me".
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Are you serious ....No really.

And here was I thinking it was greedy banks, sub prime, ridiculous borrowing to acquire for asset stripping purposes and an over leveraged equities and derivatives market. The whole time it was the average Joe who sits in the middle of the bell curves fault. I'll make one claim however. It is average Joe taxpayer who is bailing the big institutions out through his taxation contributions. (I am referring here mainly to the United States)

I contend that it is the governments responsibility to let institutions and individuals fail. A real danger of failure would perhaps make people more circumspect in their financial lives.
Ummm governments do let individuals fail financially...all the time. Can you say the same about institutions? Why don't you ask that question in Detroit Michigan, or perhaps in the financial district of New York.
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