capitalism

Out of context: Reply #330

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  • hedge0

    "Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich."

    - TheBlueOne

    Absolutely. 100%. There has to be failure in capitalism. Has to be. The government should not be involved in Freddie and Fannie. Unfortunately, we are becoming a bailout nation, petrified of failure.

    Failure is just as important in capitalism as success.

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    • +1Obama
    • while the world starves...greatKwesiJ
    • For the record I just quoted that. "Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich."
      - James Grant, the editor of Grant’s Interest Rate Observer– TheBlueOne1/2
      James Grant, the editor of Grant’s Interest Rate Observer said in the WSJ      TheBlueOne
    • For the record, James Grant, the editor of Grant’s Interest Rate Observer said that in the WSJTheBlueOne
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