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Anonymous
Anonymous asked in Politics & GovernmentElections · 1 decade ago

Geithner says, "Capitalism will change". What changes to capitalism would you like to see?

Consider interest rates, late payment penalties and rate changes for credit cards.

Bank lending policies and regulations.

Return on investments.

Hedge fund practices.

Power of the Securities and Exchange Commission.

Caps on increases in Adjustable Rate Mortgages.

Would these changes have an influence on your political beliefs?

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  • 1 decade ago
    Favorite Answer

    while most all of us- would like to see "Fairness" be a part of "Free" trade

    capitolism is in it's raw expression as the last several years- has but one goal- to increase capital -

    it is an imperfect expression of society and human freedom -

    'to increase capital' does not care about kids, families, jobs, well-being, you or me - IT ONLY CARES ABOUT MONEY AT THE BOTTOM LINE- Why did Lehman Bros. fail? -

    the booby-traps are there and they STILL failed- taking hard-working retirement packages with it - while the freekin execs STILL get there bonuses!

    Capitalism being unregulated is virtually suicide (for US) - it should be harshly pointed as "UNlawful" like stealing! - and should contain elements of responsibility to Americans-

    Sure you have a great idea for a business and make a bunch of money? that's great! - but please do not wipe out "cornered" families-

    with predatory greed -

    Example... do you depend on oil to get to work, stores, markets?

    If you own a car- (as millions do) -well - why?

    do you NEED a car to get to work?

    Are then FORCED to buy gas, oil, tires, tune-ups etc...? of course..

    so .. you like it? are you given much of an alternative? Can you actually move to the alternatives - would be hard to?

    really,

    you are in a box with no choices.

    Unregulated- business will kill to get ahead- literally-

    Did you know red white and blue Standard Oil sold gasoline to Nazi ships off the coast of the (U.S) Bahamas during a WAR?

    Business simply doesn't have ethics. At least multinational corps.

    But they should have some basic ethical guidlines made into hard law.

    Violate em - and PAY BIG.

    banking regulations should be the same. But so far - it's like ..

    Nixon- [sic] "If a Banker does it, that means its not illegal" So 'don't be looking at it too closely' - "or we might have to wipe you out."

    Toxic paper - you file for a foreclosure- and the "original mortgage documents" cannot be produced for the judge- (technically - they are required for a court of law- not copies)

    your bank sold em to securities holdings company a long time ago

    ..and they don't send a rep to the court - they can't even FIND your mortgage originals -

    BUT YOU ARE ON THE HOOK - While we bail the banks are BAILED out for Billion$ .

    "WE the People" are LETTING them screw us- AND WE CAN STOP IT AS WELL.

    You try to pin some blame on Geithner - but he can work from one angle- the problem took us 'over the cliff' already - There is no choice- Change the system to get people back into jobs and get ahead- or perish. Stay involved - get a clear view on things as you can - Dump Limbaugh - he's on the "perish" team.

    ah- thank you - i feel better now *pant pant*

  • Anonymous
    1 decade ago

    I don't feel I truly understand enough about capitalism to know how I'd want to change it. (It's not that I'm stupid--I'm a Jeopardy champion--but I know enough to know what I don't know.)

    I'm also not rich--and I am a liberal Democrat--but if you overtax the rich, you remove any incentive they have for building their businesses, don't you?

    I've never understood what would be so horrible about a flat tax, say 10%. I mean, 10% of Bill Gates' income is going to be a lot more than 10% of mine. Take away all the funny business with deductions, and I'll bet the government would end up ahead.

    Edit: At least I admit when I don't know a lot about something. If this was all so easy, don't you think the top economists would have figured it out by now? I don't see any useful suggestions here. BTW, China is going to bury us all, economically. They're socialist, yet there is definitely an upper class--and they're the ones making China the economic force it has become.

  • 1 decade ago

    Geithner is a buffoon. He never should have been appointed. I don't care what he says. He has not inspired confidence because he speaks so weakly and without substance. The whole tax issue - so typical - what a joke. Hypocrite. I really don't like him.

    I'm a liberal democrat - truth seeker - progressive. Improve quality of life - not quantity.

    I'm for reasonable solutions that help people - the middle class.

  • Emily
    Lv 6
    1 decade ago

    Well... I'm all for a socialist government with a free enterprise trade system. :) Regulation doesn't hurt people. It protects them from the greedy bastards.

    Capitalism is right up there in things that "work in theory, but in practice lead to ruin"... right along with Communism.

    ((Bring ooooooon the Republican Thumbs Down!! :P ))

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  • Anonymous
    1 decade ago

    We must join the rest of the major democracies, and accept that fact that Capitalism - without restraints (regulation) - is the most cruel, tyrannical system imaginable.

  • 1 decade ago

    Let's start by getting a better Secretary of the Treasury.

  • Anonymous
    1 decade ago

    And this from a guy who doesn't pay his taxes.

  • Anonymous
    1 decade ago

    I would like to see the whole system smashed. It only benefits the greediest and most despicable people.

  • 1 decade ago

    i want to see advantages for all people, and not a selective few!!

  • Anonymous
    1 decade ago

    NONE!

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