One Stop Market

Once again, because of the demand for articles on the current status of the economy (both in the US and globally) and the lack of straight forward answers from really anyone, I have taken it upon myself to do some research and see what we’re actually dealing with here — all politics aside, all blame aside, just a good solid look at what happened and what is happening. 

Capitalism is the best economic system human kind has come up with to date and most educated (Western) individuals would agree with that fairly large, impacting statement.  There is no better system for humans.  I say “for humans” because Communism would be phenominal if it weren’t for any human’s complete inability to deal well with that kind of power and wealth — the temptation for greed is too steep to withstand and corruption easily finds its way into a Communistic society. 

However, capitalism can fall prey to greed as well and historically the place to go for that kind of thing is Wall Street, New York City, New York State, USA.  But even with the corruption and greed on Wall Street, somehow things hold together enough for a fairly stable environment most of the time.  So in and of itself capitalism should be considered an economic accomplishment of our modern time.  But there are a few other human things that can destroy a capitalistic society with ease: greed and pride.  And there are a few non-human things that can destory a capitalistic society: non-capitalistic endeavors such as having a socialistic approach within the framework of a capitalistic economic system.  Thus, with the combination of the above you beget a full on recessive - depressive economic crisis.

How did this happen in our case?  Well, let’s get simple:

1. The federal and state government began spending way too much money and got cocky

2. The democratic party began pushing banks to give home and other loans to people who could not pay them back and in order to compete, all the US banks followed suit.

3. With a lot of credit floating around, people and companies began pouring it into the stock market

4. When #2 had been going on for a couple of years, the loans that could not be paid back began failing and the bank was left without the money it originally had and when this happened enough times, a few banks even went bankrupt — especially the ones that were specifically targeted by the democratic party to give loans to folks who couldn’t pay them back.   

Capitalism did not fail in the least, in fact capitalism was doing great.  It was when socialistic ideas were impressed upon a capitalistic economy that things began to go awry and even when it was found out that this was happening, nothing could be done about it because the few people in charge fell victim to greed and pride — the two main human fatal flaws that destroy capitalism and when it comes down it, everything. 

Unfortunately for their party, the folks in charge who fell victim to greed and pride were of the Democratic Party and one of the main ones is about to be elected President of the United States if he can produce a valid birth certificate.  However, the media — liberal as it may always be — has hidden 95% of the above information from the public and this is tragic.

But truth will always find a way out into the open, I am confident of this.   

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