Monday, September 22, 2008

All Hail the Mighty Market

Well, well, well. The market has crashed - all hail the market. I find it very interesting that when everything is going well, big business and the economists are all for a hands off, let the markets work, no government interference approach. You know the scenario, "Greed is good", the market is always right, let the markets prevail, it's all about supply and demand. This is standard fare at business schools, and I was well versed in this philosophy while doing my Master's in Business.

But when the markets fail, and a crash is imminent, the tune changes. The brave free marketers run home to mommy and demand Big Daddy Government to fix the problem. Uncle Sam pours in over a trillion dollars and somehow the "free market" is restored. What a joke!, I was tempted to put this under humor because it really makes me laugh.

Between Iraq, Afghanistan, and big business bail outs the US is going to hell in a handbasket.

First Published on Qassia
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