http://www.teluglobe.com/inthenews/free-markets-my-foot A Global Perspective for Telugu People Sun, 05 Feb 2012 04:47:09 -0500 hourly 1 http://www.teluglobe.com/inthenews/free-markets-my-foot/comment-page-1#comment-211 Mohan Thu, 11 Feb 2010 22:11:40 +0000 http://www.teluglobe.com/?p=1496#comment-211 Each time I think of this financial mess, the story of the goose that laid a golden egg comes to my mind. The Greek contagion is going to be pretty ugly. Now that the coming storm is 'sovereign debt crisis,' who is there to bail the nations en masse? Each time I think of this financial mess, the story of the goose that laid a golden egg comes to my mind. The Greek contagion is going to be pretty ugly. Now that the coming storm is ‘sovereign debt crisis,’ who is there to bail the nations en masse?

]]> http://www.teluglobe.com/inthenews/free-markets-my-foot/comment-page-1#comment-209 bhanu Thu, 11 Feb 2010 16:16:13 +0000 http://www.teluglobe.com/?p=1496#comment-209 Mohan garu, Totally agree , you need to have balance of the both. After all true capitalism is nothing but socialism in disguise. A true capitalist wants to make money. So he starts a company. Unless he expands the company he cannot make more money. Exactly how he does the expansion ? by Hiring people , paying them salary, giving them medical benefits, giving them bonuses, giving them retirement pension. Which sounds more like socialism. Except that the folks who work for a Capitalist are forced to earn the money. Thus the argument about innovation and such. The capitalist wants to make sure the business is sustainable for a long time. A true capitalist's work ethic ( only work ethic) is more of a communist leader. Which is to say they are passionate about their business. America was running on those principles.Not any more. The new capitalists became greedy. They collapsed strong corporations which were more than 50 years old if not 100 years. Enron,AIG,Lehman, GM, Ford, Chrysler, Citi, ... the list goes on. When middle class folks working for these companies loose jobs. Someone else has to step in to protect the economy. That is xactly what Obama is doing. The concept of Zero tax is a joke. Sure Zero tax , and who pays for the snowplough ? Who pays for the roads ? Tax is needed. But the money collect should be used efficiently. The issue that the FED cannot track money is a discussion for another day. I have a good insight into how bad the federal department are at managing tax money. Mohan garu,
Totally agree , you need to have balance of the both. After all true capitalism is nothing but socialism in disguise. A true capitalist wants to make money. So he starts a company. Unless he expands the company he cannot make more money. Exactly how he does the expansion ? by Hiring people , paying them salary, giving them medical benefits, giving them bonuses, giving them retirement pension. Which sounds more like socialism. Except that the folks who work for a Capitalist are forced to earn the money. Thus the argument about innovation and such. The capitalist wants to make sure the business is sustainable for a long time. A true capitalist’s work ethic ( only work ethic) is more of a communist leader. Which is to say they are passionate about their business. America was running on those principles.Not any more. The new capitalists became greedy. They collapsed strong corporations which were more than 50 years old if not 100 years. Enron,AIG,Lehman, GM, Ford, Chrysler, Citi, … the list goes on. When middle class folks working for these companies loose jobs. Someone else has to step in to protect the economy. That is xactly what Obama is doing. The concept of Zero tax is a joke. Sure Zero tax , and who pays for the snowplough ? Who pays for the roads ? Tax is needed. But the money collect should be used efficiently. The issue that the FED cannot track money is a discussion for another day. I have a good insight into how bad the federal department are at managing tax money.

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