Why doesn't the Earth have the same amount of wealth that it did in the year 100AD?
Please tell me ElPerro why you believe this to be so?
Wall Street was about one man "Gordon Gecko" taking advantage of breaches in private agreements.
I was referring to Wall St the institution not the movie.....
The GFC was according to El Perro due to...
A failure due to (not because of an absense of) government intervention.
How about a lack of intervention in the greed which pervades the corporate sector even after the melt down....I will give you one example ..Bernard Madoff.
So yes, the GFC was not caused by a lack of regulation but because of the unintended consequences of government intervention.
If you believe that then you are either kidding yourself or believe that others are as gullible as you would like them to be....
the most important single central fact about a free market is that no exchange takes place unless both parties benefit.
What a load of unadulterated rubbish....Tell that to the tens of thousands if not millions of people world wide who have lost everything over the years since the inception of the stock market....both parties benefit....you don't sell used cars or real estate do you?
You argue against Freedom, economic Freedom at that. Whether you acknowledge that our not you are in the same class as Stalin. Do you believe socialism did the former USSR well?
That quote is a paranoid as Stalin was.....So because I don't believe in complete and unlimited freedom and greed within our markets and banking sectors I am therefore by your thinking a socialist or worse....
ElPerro....It's time to step away from the keyboard and start taking whatever medication you stopped taking....