Tuesday, September 8, 2009

Hedge Fund failures caused by too much Democrat sponsored regulation

No economy has ever thrived as exponentially as that of the U.S. under Democratic administrations and protective regulatory safeguards installed to regulate financial excesses after the Great Depression.

Once these reforms lifted us out of the Depression and got us past World War II, we settled into industrial productivity during the 1950s and 1960s on an unprecedented scale, and with the lowest ratio of wealth between CEOs and front line workers than at any other time since the beginning of the Industrial Revolution, until the Republicans came along and dominated from 1968 to the present (with only a couple of fairly conservative Democrats in there), and unraveled everything.

The hedge fund excesses are NOT an example of the failure of regulated capitalism.

They are an example of the failure of UN-regulated capitalism.

No comments: