government intervention: We Need Their Strength
- 07/28/09 03:25 PM
It may be hard to digest, but if you read the tea leaves, the financial titans and intellectual powerhouses that served in both the Bush Administration and now serve in the Obama Administration may have approached the resolution of our economic issues differently but they seem have reached the same conclusion. We need Wall Street to be strong; New York needs to remain the financial capital of the world.
Now that the US automobile industry is in tatters, and we no longer manufacture much of anything in the US anymore, we need to lead the world in some areas for the US … (1 comments)
government intervention: Government Intervention
- 01/30/09 11:39 PM
The economic models of socialism, capitalism, and European-style socialized capitalism are under pressure given today's economic realities. In a global economy, where we are all inerconnected and inter-dependent, the reality of which model will be most effective in attending to our issues is murky at best. John Byrne (Business Week's publisher) sums it up best, "[t]his is the first financial crisis of the global age. There is no clear map to deal with it". When left to its own devices with minimal (or ineffective) governmental regulation it appears that the US capitalistic, free-market model can lead to short-sighted and self-serving decision … (1 comments)
It may be hard to digest, but if you read the tea leaves, the financial titans and intellectual powerhouses that served in both the Bush Administration and now serve in the Obama Administration may have approached the resolution of our economic issues differently but they seem have reached the same conclusion. We need Wall Street to be strong; New York needs to remain the financial capital of the world.
;)
;)
