Quote:
Originally Posted by Rekna
And what happens to CEOs of these financial institutions that are going belly up? They are still rich and just have to find another job where they can exploit the system. These people have lots of money and they aren't dumb enough to put all of it into the same place. No, when big oil dies it is the poor/middle class that will suffer not those who got rich off big oil.
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That depends on whether or not we can recoup. If we can't they could be held responsible and they're going to have to make an Enron run.
I'm also of the theory that when Americans are finally shaken from our comfort, we'll protest so hard the French will be jealous. It's been a while since a nation-wide protest, especially a violent one, but if we get honestly pissed and shaken from apathy, it's a real possibility. A true collapse of Wall Street or oil drying up without an alternative could result in such protests.
-----Added 18/9/2008 at 05 : 52 : 13-----
Quote:
Originally Posted by roachboy
it doesn't matter here, will: i'm just watching the spectacle and thinking in a social-democrat like way about how to move away neo-liberalism and the rule of the Tiny Brained.
we can talk about economic theory in general another time--i think if i started, it'd derail things and besides, this is kinda interesting...
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Fair 'nuff.
