Thinking Out Loud - Ms. Green

Commentaries from a female, conservative Christian worldview. Intermittent observations on human behavior and current events. Occasional bursts of personal tirades,confessions, and discoveries. Frequent discussions about my "Narrow-Minded Faith".

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Sunday, September 28, 2008

Capitalism - Socialism - Communism

We have a mortgage crisis, and the Senate approved 25 billion dollars in loan guarantees for US automakers yesterday?

Automakers are forced by the government to make their cars more “energy efficient” and “environmentally friendly”. The cost to meet these government mandates soars, so the government steps in and guarantees loans to the automakers. (Sound familiar, as in “guaranteed mortgages”?)

Do people not see what is going on here? It is the socialization of America and the slow death of personal property and free enterprise.

Main Entry:
Function: noun
Date: 1837

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

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At 1:00 PM, Anonymous Anonymous said...

While I agree with you that Govt is not the efficient in handling things, I don't think the issues with automakers is so black and white.

'Efficiency' is the keyword. That's precisely foreign automakers like Honda and Toyota have dominated. Our car industry was too arrogant to accept the reality and invest in fuel-efficient, better-quality cars. Instead, our guys got caught up with the temporary boom in the SUV sector and believd that the trend was going to last for ever!! Wrooong!!!

Govt should stay away from these business - no bailout or no free money. Bad business models will perish and that' how free economy works. I'm glad that Congress voted down the bail-out package. We still have hopes and we still have people who respect free market, not free money and corporate welfare!
- V


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