But they don't today. We're witnessing how that part of the market has completely failed.
Yes... today. But these market forces have worked in the past, and they will once again in the future. It's the sturm und drang of capitalism, which is one of it's strengths. This meltdown is a 'market correction' writ large... after 20 some-odd years of deregulation, irrational bubbles and casino capitalism, I hope that pragmatism, common sense fundamentals, sanity-- and hopefully at least some modicum of social responsibility-- come back into vogue.
And in many ways it's a sea-change in social attitudes and norms that needs to happen to bring about these changes... somebody else said it elsewhere in this thread, and I agree with them: it's more about sociology than economics in a lot of ways... If this depression leads to anything worthwhile, it'll be a generation of thrifty savers and pragmatists, and a move away from Boomer (and Gen X and Y) rapacious consumerism and egoism.
Your beloved Spock said it best: "The needs of the many outweigh the needs of the few, or the one." ;)
...just don't apply that principle to civil liberties! :D
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Yes... today. But these market forces have worked in the past, and they will once again in the future. It's the sturm und drang of capitalism, which is one of it's strengths. This meltdown is a 'market correction' writ large... after 20 some-odd years of deregulation, irrational bubbles and casino capitalism, I hope that pragmatism, common sense fundamentals, sanity-- and hopefully at least some modicum of social responsibility-- come back into vogue.
And in many ways it's a sea-change in social attitudes and norms that needs to happen to bring about these changes... somebody else said it elsewhere in this thread, and I agree with them: it's more about sociology than economics in a lot of ways... If this depression leads to anything worthwhile, it'll be a generation of thrifty savers and pragmatists, and a move away from Boomer (and Gen X and Y) rapacious consumerism and egoism.
Your beloved Spock said it best: "The needs of the many outweigh the needs of the few, or the one." ;)
...just don't apply that principle to civil liberties! :D