Hello all you finance gurus.
I still have some lingering confusion over the efficacy of the free market system and the competition base of capitalism as a social model.
Let me get this right...
Capitalism is freedom to choose....freedom to have whatever business idea you like and let the market decide if it works.
If it works, you get rich, if it doesn't you go broke.
Those people who have poor jobs or no jobs or lose their jobs.... Those people shouldn't get help from the tax payer. And if people do not have the right skill set that's something they should use their freedom to sort out.
Is that it?
Because I am a bit puzzled as to how a bank repossesses the home of one of those people, when that bank only exists because it got MASSIVE help from the tax payer. I am a bit confused that a bankCEO who the freemarket discovered was running a bank that was bankrupt still has a job... doesn;t the free market system say that person should be unemployed and having their home repossessed?
Have I missed something?
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