Why Conservatives Should Not Trust Wall Street
The best argument I’ve seen yet against Wall Street – and in a Conservative magazine no less – concludes:
They are the repo men, headpiece filled with subprime-mortgage derivatives, and they are looking to repossess the Republican party they abandoned in 2008 (see “Losing Gordon Gekko,” National Review, March 9, 2009). Free-market, limited-government conservatives should be none too eager to welcome them back, nor should we let our natural sympathy with the profit motive blind us to the fact that a great many of them do not belong in the conservative movement, and that more than a few of them belong in prison.
Privatizing gains and socializing losses is not fiscal conservatism. Upholding a hereditary noble class that manipulates the political system to support its own tenure is not democracy.
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Random Blowhard:
Rewarding catastrophic failure with bailouts is NOT capitalism but FASCISM and using the power of government to force others to pay for the mistakes of their neighbors is TYRANNY.
11 January 2012, 2:11 amIsaias Grass:
A round of applause for your blog post.Really looking forward to read more. Fantastic.
11 January 2012, 11:29 pm