Ef You Treyarch...

JJA is JJA

working vanlandw: http://www.youtube.com/watch?v=ticytEUvVhQ
jjafuller: He is in part correct
jjafuller: The underlying issue is a market failure, in that there are information asymmetry issues, and not everyone did their due diligence
jjafuller: These issues were exacerbated by government mismanagement (they would not have been as bad if the govt had not been involved”
jjafuller: The continual bailouts in the financial industry which have been occurring since ww2 have introduced a moral dilemma (type of market failure) which continued to build up the scale of the issue
jjafuller: Had the gov’t simply allowed the market to under go self corrections there would have been a little turmoil a long time ago, and the issues would not be affecting us today
jjafuller: Sheer no response
working vanlandw: sorry
jjafuller: :-p

Category: Humor

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3 Responses

  1. Vo says:

    Of course, given all of these small market corrections, with no government interference or management at all, we would probablly be under a few large companies holding a monopoly over vast quantities of eeryday comsumables. Imagine, if you will, Microsoft purchasing a majority share in Apple, McDonald’s owning Burger King, or AT&T being the only phone service. That is all.

  2. Jeff says:

    It’s difficult to say whether or not that would be the case, because there has never been a free market system attempted. So, there is no way to know for sure what the natural state of the market would look like.

  3. Vo says:

    Closest would be britain, and the DeBeers family has kinda demonstrated what that looks like.

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