Re: oh dear
unlike you clever clever neo-cons with your 'special' understanding of economics.
so pray tell, hows that whole 'we have eliminated all risk from ninja mortgages' thing working out for you?
so what about the Chinese economy (well known nest of Friedman worshipers if ever i saw one) out growing the good ol US by a factor of about 5. (and being more than a tad pissed off about their poor figures)
praps we need to look to Lehman bros to get a practical handle on how it all works? no, what about Kweku Adoboli, he must be a man who understands how it all works at the sharp end?
or maybe you are banging on about good corporate governance, you know HSBC _not_ laundering drug money, American Airlines, not skipping vital maintenance (gotta make a few more bucks for the shareholders, dead passengers?? that's just the cost of doing business) Enron anyone??
Anyone with 2 grey cells to rub together (so that's you out) gets that modern capitalism is comprehensively broken. By any metrics the US economy was in much better shape (sustained) in the 50's than it has been at any time since the 80's. and all you need to do is look at tax and spending policy in the respective periods to understand why. - apart from anything else the batshit crazy tax dodging 1%-ers just got their asses handed to them on a plate in an election a few weeks ago.
Mitt, the very paragon of the virtues you espouse, offered to work the same magic for the US economy that he had previously worked for so many great american businesses (mostly no longer trading) strangely they chose to stick with some kenyan terrorist!
go figure... maybe they know something you don't.
just maybe they know a lot that you don't