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View Diary: "Socialism is dead"/"Socialism is against human nature." (162 comments)

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  •  The name of the game is transparency… (0+ / 0-)

    Indeed ultra-greedy people attempt to game the system toward monopoly and information imbalance, but herein lies a key function of government.  Yes regulation can upset economics, but we have to strive toward policies that minimize disruption while fostering transparency.

    The idea that the investment class provides no value is preposterous.  Yes they may take unnaturally high rents and that needs to be considered, but the fact is that economic forces would destroy them if they provided no inherent value (that value being the lending capital to people who need it to grow their businesses because they couldn’t enter that business with their own insufficient capital).  A major reason we are seeing a growing gap in wages and total wealth possession is partially due to the poor economy and partially due to the fact that much of this investment capital is sitting on the sidelines due to uncertainty coming from government and how that will impact investments.  This is why money is flowing to the stock market right now because alternate investments are less attractive.  We need clear policy out of Washington to help drive a true recovery, which will decrease unemployment and drive wages upward….

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