Wall St. is More Corrupt & Infiltrated by Organized Crime than I knew!

[timo2]

Isn't that true of every single government in the history of the world?

Like Churchill said:

Many forms of government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed it has been said that democracy is the worst form of government except for all those other forms that have been tried from time to time.…
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IMHO, free market and democracy should not be conflated together. They are mutually beneficial, but not the same thing.

 

[mpeirce]

IMHO, free market and democracy should not be conflated together. They are mutually beneficial, but not the same thing.

OK, I should have skipped the Churchill quote. It's just that it expresses my thinking here, that while free markets are flawed (all human institutions are flawed to a greater or less extent), but the further you get from free markets, the worse things are.

 

[timo2]

OK, I should have skipped the Churchill quote. It's just that it expresses my thinking here, that while free markets are flawed (all human institutions are flawed to a greater or less extent), but the further you get from free markets, the worse things are.

I didn't mean to be nit picky either. China is trying a free market with totalitarian system, and so far it looks like the corruption is worse. but corruption is by nature hidden, so it may be only a hope the free market-totalitarian system is worse than ours.