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posted by rick on October 2nd, 2008 at 2:21AM
I already said that I disagree with it on a philosophical level. It's absurd that the bailout will, at least initially, benefit the financial institutions that created this mess, rather than going to the individuals who will suffer the consequences the most.
But I think the spiralling effect of the collapse of those financial institutions is a greater evil that needs to be addressed.
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posted by dennisn on October 2nd, 2008 at 9:38AM
No--it is most definitely NOT a greater evil to leave the market (*the people!*) alone. It has absolutely nothing to do with me. I have absolutely no obligation to "fix" it. Nobody has any right to force me to fix it. I don't know why you preface ideas of right and wrong with the term "philosophical". If it's wrong, DON'T DO IT!
Your eagerness to violate real-life individuals' freedoms, to *help* the perpetrators of this mess, for some *ethereal* notion of "the economy", is absurd. And most definitely *wrong*.
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posted by rick on October 2nd, 2008 at 10:00AM
First of all, market != people. Market is the relationship between supply and demand. I don't even know where your notion came from.
Also, you can keep believing in your black and white world while businesses shut down and everyone loses their jobs. You go tell the unemployed man who has to support his family that fixing the economy is wrong, and that the economy doesn't affect him. Because when the economy collapses, everyone is affected.
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posted by dennisn on October 2nd, 2008 at 10:11AM
Well, the conventional pedestrian idea of "the market" is simply the mutual transactions among people. That's all. It is usually referred to in opposition to government-forced transactions (ie. nationalized institutions). Ie. governments mandating the national supply and demand isn't, at least in this conventional definition, a valid market phenomenon.
Also, I actually strongly feel that this bailout will destroy the US economy further. It takes away more and more freedom from individuals. It makes government bigger.
BUT. Most importantly. You conveniently ignore my loudest complaints--that I had absolutely nothing to do with this mess, and that NOBODY has the right to force me to "fix" it. (Fix is in quotations for the aforementioned reason.)
It is basically just this last point that I should brought up--everything else is just personal opinion.
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by rick on October 3rd, 2008 at 5:12PM.
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