keviv

Four Myths About the Free Market and Its 'Demise'

Why not not have communism ?

100 percent ownership of all companies (profit making or not) by the government ?

I would argue that it would be of much more benefit to the average man this the current form of American socialism which is privitasation of profits and socializing losses.

In the current form, companies which would not otherwise survive are being kept alive using the average citizen's tax dollars -- money which could have been used to building schools, roads, providing social benefits.
Now what we see is the employees and the bosses (of the failed companies ) get to keep their jobs and investors are protected at the common man's expense.

This is an example of the well-off using the common citizen's wealth to pay for their mistakes.

3 Things America Needs to Do to Get the Economy Back on Track

One easy solution:

Print more money. This will have the effect of undervaluing the dollar and propping up Oil /Commodity prices.
This will hurt us but it will keep the jobs here in the US.

Chinese have kept their currency undervalued and are benefitting because
a) since the US is not printing money -- this is causing recssion in US (harming US business) but keeping the oil/commodity prices down
b) this help the Chinese because of lower commodity prices and they can inflate their currency (get more business from the US)