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Old May 5 2013, 03:31 AM   #8
Re: Greece's Underlying Policy Problem.

My problem with the "symptoms of capitalism" stuff is that it is too simple. It's like when conservatives said "socialism failed just because".
No, you gotta be specific analyze what works and what doesn't. Socialism failed because companies couldn't go bankrupt and in capitalism we also just witness problems on the capital markets.

So instead of leading big ideological debates we should rather think about how we can create a well-functioning capital market. And just to be clear, although I am liberal and a social democrat this doesn't imply that I have problems with radical suggestions like bank socialization. I care about whether stuff works, not whether it is done publicly or privately.
The illegal we do immediately; the unconstitutional takes a little longer. - former US Secretary of State and unconvicted war criminal Henry Kissinger
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