Originally Posted by _Gawd_
Yeah because Ireland is the only country dealing with financial problems...
The more corporatist the US becomes, the more you're starring into a black hole. Time to go back to your founding fathers. Time to go back to capitalism...it's the only thing that will save you.
You have posted a lot of uncontested nonsense in this thread. The countries that are having serious financial problems are the countries that engaged in wild government spending and/or extensive de-regulation of the banking and finance industry. Ireland and the US did both simultaneously, but unlike the US, Ireland cannot manipulate its own currency, and subsequently cannot inflate its way (partially) out of crisis.
And while we are at it, let's go back to the Founding Fathers. Benjamin Franklin was a strong supporter of public education. Jefferson (along with Monroe and Madison) helped to set up the University of Virginia, one of the finest public universities in the country. Madison supported strengthening both the military and the fiscal and monetary powers of the federal government. Jefferson was highly suspicious of the banking sector - he would have been aghast by the extent to which this industry has been allowed to run rampant over the last 15 years.
Also, a large number of the Founders were not at all in favor of the free market or individual rights when it came to slavery - which perhaps represents the biggest perversion of the labor market or the idea of individual rights there is.
Finally, you, like other free-market fetishists, seem to assume that the market exists outside of human foibles. Different actors do not interact in the market as equals (employers and employees, for example), and those with the means will always try to exploit market failures and loopholes to their benefit. Marx was wrong about a lot of things, but he was spot-on in his observation that capitalists did not have the good sense or the wherewithal to restrain themselves before driving the entire economic (and political) system over a cliff. And, like clockwork, as soon as the regulatory restrictions were lifted (in the case of the U.S., Glass-Steagal), we had 1920s redux.
The market will never be a perfect arbiter of prices or allocator of goods and services because, ultimately, the 'market' isn't some abstract thing: it is made up of very, very imperfect human beings.