If I understand it correctly America built too many dwellings for too few buyers and found them hard to sell
So the surplus was sold to people who couldn't afford to buy them at the previously "inflated" prices when supply and demand were relatively "in balance"
When the indolent, and unhealthy, and unemployed couldn't keep up with their payments (which they could never have afforded anyway) the dwellings were confiscated
The banks then moaned and groaned that they had a surplus of dwellings which again no one could afford
So they asked Big Daddy in Washington for some cash to tide them over in making bonus payments to their world beating executives
Why is this a better model than Christian Communism which is well described in the Acts of the Apostles :-
All the believers were one in heart and mind. No one claimed that any of his possessions was his own, but they shared everything they had. With great power the apostles continued to testify to the resurrection of the Lord Jesus, and much grace was upon them all.
There were no needy persons among them. For from time to time those who owned lands or houses sold them, brought the money from the sales and put it at the apostles' feet, and it was distributed to anyone as he had need. [Acts 4 32-35]
Have I missed the point of where capitalism has failed?
Friar Hilarius
Capitalism is Good and Communism is Bad ?
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