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mojo1701a
Oct 9, 2008

Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth

Slanderer posted:

I unironically yearn to return to the gilded age, when men could project their will in steel and stretch their might into the heavens.

If returning to the gilded age will allow me to have my own deluxe train that can take me wherever my heart desires, then sign me up.

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Helsing
Aug 23, 2003

DON'T POST IN THE ELECTION THREAD UNLESS YOU :love::love::love: JOE BIDEN
It's kind of incredible how different internet libertarians are from their sacred texts. Most internet libertarians seem to basically be dumb hippies who want a world where there's no police brutality and you can smoke dope and unleash your awesome entrepreneurial powers. Many of them seem to genuinely think poverty and crime and everything bad in the world would be solved if you removed the state.

Meanwhile, their icons are praising David Duke, calling for the police to beat the poor, advocating monarchical communities where none libertarians will be "physically removed" from society, or advocating a DRO based law enforcement system so cruel and bureaucratic it makes Stalinist Russia look like a free country.

Plenty of philosophies have some hypocrisy built into them but its hard to think of another one where the seeming disconnect between the follows and the actual content of the text is so great. Watching Socrates blame the state for police violence when his avatar literally called for the police to go beat up the poor is pretty much the perfect summation of libertarian philosophy.

Captain_Maclaine
Sep 30, 2001

Every moment I'm alive, I pray for death!
Aw man, all that and nothing from Jrod, just some lightweight spouting the usual drivel. Time was lolbs could be counted on to at least post walls of text defending their terrible ideas.

panascope
Mar 26, 2005

What prompted the switch on this forum from the posters being mostly unabashed libertarians to being mostly socialist? I'm aware that it's a thing that happened but I never knew why or what the instigating events were.

RuanGacho
Jun 20, 2002

"You're gunna break it!"

Libertarians are only able to exist because the state is so tolerant of insufferable wrong headed idiots. There's no rhetorical difference between a religious fanatic whinging about how the state is cheating them out of their right to suppress a minority and their right to use all existing state benefits without paying either financially or just through common courtesy of not leaving things worse than they found it.

Libertarianism is a virus that doesnt want there to be a commons or civic responsibility because then they can't just consume the host without consequences.

Once again, thoughtless selfish, destructive intellectual ebola.

Travic
May 27, 2007

Getting nowhere fast

Babylon Astronaut posted:

"Curing polio by raising taxes is equivalent to curing someone's bronchitis by shooting him. The "cure" is far worse than the disease."
\|


As I said I'm not terribly well read. Who is this gentleman? He sounds positively delightful. "I'd rather be crippled for life and unable to walk than pay a dime in taxes."

:edit: Sorry. Just remembered reverse image search is a thing that exists. Time to do some reading.

Travic fucked around with this message at 17:07 on Aug 15, 2014

boner confessor
Apr 25, 2013

by R. Guyovich

DrProsek posted:

Socrates16 had better come back and explain what his libertarian society would look like, because right now if he agrees 100% with Jrod, then he should probably stop using words like statist negatively because he totally is one. If anything a DRO-state is actually way more authoritarian and prone to abuse than what we have today.

Like many bottom-feeder libertarians, Socrates16 seems to have digested the petulant rhetoric but passed over the critical application. I wouldn't count on it.

A GIANT PARSNIP
Apr 13, 2010

Too much fuckin' eggnog


panascope posted:

What prompted the switch on this forum from the posters being mostly unabashed libertarians to being mostly socialist? I'm aware that it's a thing that happened but I never knew why or what the instigating events were.

The 2008 crash likely helped. I know I went from idiot libertarian to leftist real fast when I graduated and found out that the private sector cared a lot more about hooking their buddies up with jobs than they cared about my hard work or finding the right person.

And then when I realized my "hard work" as a white male in college was actually a joke compared to what 99% of the population deals with I became a socialist.

Captain_Maclaine
Sep 30, 2001

Every moment I'm alive, I pray for death!

Travic posted:

As I said I'm not terribly well read. Who is this gentleman? He sounds positively delightful. "I'd rather be crippled for life and unable to walk than pay a dime in taxes."

He's Murray "We will never be truly free until there is a thriving market in children" Rothbard.

panascope posted:

What prompted the switch on this forum from the posters being mostly unabashed libertarians to being mostly socialist? I'm aware that it's a thing that happened but I never knew why or what the instigating events were.

For one thing, the insufferable smugness of the puppytar brigade threatened to collapse in on itself at about the same time Ron Paul was becoming a thing, and when LF came along they could not resist that siren's song and most ended up in there to defend the good doctor, where they got more or less got destroyed/run off/banned.

RuanGacho
Jun 20, 2002

"You're gunna break it!"

panascope posted:

What prompted the switch on this forum from the posters being mostly unabashed libertarians to being mostly socialist? I'm aware that it's a thing that happened but I never knew why or what the instigating events were.

As far as I know, three things.
1. Parts of SA aged a bit, its a lot easier to be a libertarian when you're on the dole than when you have to actually work to exist and see how society benefits you generally speaking.

2. The natural conclusion of 8 years of trickle down and FYGM economic policy which didnt even attempt to pull the economy out of a nose dive and then proclaimed that it was good we were crashing, it was just a market correction. The most modern economic disaster caused a lot of pain that reaganites and an caps still hope no one will learn anything from.

3. Generally speaking the general attrition over the years of libertarianism trying to stand up to deconstruction with the same group over and over. As noted earlier in the thread we've heard this poo poo many many many times before.

Babylon Astronaut
Apr 19, 2012

Travic posted:

As I said I'm not terribly well read. Who is this gentleman? He sounds positively delightful. "I'd rather be crippled for life and unable to walk than pay a dime in taxes."
That's my main man Murray Rothbard. I had a coworker who was into mises.org and all that jazz, so I read up on Rothbard and quoted it back to him. He then accused me of over representing fringe beliefs. I kept reading Rothbard, because it is hilarious and I admire that he got a Christian with children to accept his political philosophy that allows parents to stop feeding their children by promising lower taxes. This dude did not make 6 figures or anything, so the reward for collapsing civilization isn't much, and he fully signed on to starve the children, kill the bums, because of a couple hundos extra a year and the promise that he could be a millionaire if he didn't have to follow the rules.

panascope posted:

What prompted the switch on this forum from the posters being mostly unabashed libertarians to being mostly socialist? I'm aware that it's a thing that happened but I never knew why or what the instigating events were.
I was never a libertine because I work for a living, but I would also guess that toxxing for John McCain took out a bunch of them, or at least the conservatives that enable them.

Babylon Astronaut fucked around with this message at 17:16 on Aug 15, 2014

JawnV6
Jul 4, 2004

So hot ...
The framing of corporations existing at the behest of the state is so odd. Like hundreds of thousands of people in a single hierarchy doesn't have inertia, if a document in Delaware gets shredded it all dissipates overnight.

VitalSigns
Sep 3, 2011

A GIANT PARSNIP posted:

The 2008 crash likely helped. I know I went from idiot libertarian to leftist real fast when I graduated and found out that the private sector cared a lot more about hooking their buddies up with jobs than they cared about my hard work or finding the right person.

And then when I realized my "hard work" as a white male in college was actually a joke compared to what 99% of the population deals with I became a socialist.

The 2008 crash did it for me too. Being gay, I rejected my conservative Christian upbringing early on because it was pretty obvious how bigotry and repression was destructive and horrible. Unfortunately, I naively concluded that the problem was religious people forcing their beliefs on others, but gosh here's Ayn Rand telling me that I don't have to listen to the mystics or deny who I am out of some sense of duty, and gosh there wouldn't be all these problems in the world if there weren't an oppressive state enforcing the whims of the mob on minorities. And all her no-taxes, no-welfare stuff meant I didn't have to challenge any of the other beliefs I grew up with, and anyway I'm a hard worker (no, the GI Bill isn't a social program: I earned that!) and I deserve to keep the fruits of my labor!

Then 2008 happened, and all the wealthy Supermen Who Run the World ran crying to the government for taxpayer bailouts, because it turned out all their bullshit about freedom and ability just meant that they didn't want to pay taxes and they didn't want the government interfering with their swindles, but they did want endless taxpayer money because the whole philosophy is a cheap cover for redistributing wealth from the 99% to the top 1%.

Seeing the people who got their massive debts paid off and their bonuses covered by taxpayer dollars turn around and blame everything on the poor and fight tooth and nail against any kind of mortgage adjustment for "losers" was the final straw.

boner confessor
Apr 25, 2013

by R. Guyovich

JawnV6 posted:

The framing of corporations existing at the behest of the state is so odd. Like hundreds of thousands of people in a single hierarchy doesn't have inertia, if a document in Delaware gets shredded it all dissipates overnight.

It's really convenient rhetorically though, because the state exists and pervades every aspect of our lives so you can blame anything and everything on the state. 'State' is to libertarians as 'Obama' is to teabaggers.

Captain_Maclaine
Sep 30, 2001

Every moment I'm alive, I pray for death!

Popular Thug Drink posted:

It's really convenient rhetorically though, because the state exists and pervades every aspect of our lives so you can blame anything and everything on the state. 'State' is to libertarians as 'Obama' is to teabaggers.

Hell, there's more than a little bleed-over between the two groups as it is. Why no, I'm not just looking for any excuse to repost this LF-era classic:

Goatstein posted:

King Hussein Obama I, flanked by his bodyguards, stepped out of his blinged Limoscalade and marched up the gold-lined marble steps of Washington Palace. It should have been a glorious day, yet under his heavy yet exquisite crown of carved human fetus-ivory his brow was ridged deeply as he silently brooded. Still, his posse, boomboxes on their shoulders, dance-walked up the steps, chains and gats jangling over the din as they grabbed their crotches.

As his trusted associates T-Von and Mook-Mook the Bushman pushed open the grand organic farm-grown cruelty-free redwood doors paid for by his 95% tax rate, he stepped into the antechamber of the gold-domed palace. Outside, ShariaVentalism reigned, but in here his word was law, and all his white teen sex slaves cowered before his glare more than even the hemp whips of their latte-drinking tweeded atheist masters.

He walked down the hallway toward his office and a prisoner in chains passed before him, lead by two turban-wearing Mexicans. He spotted the King and began shouting curses.

"You loving fascist! I knew it! I knew it! I told them, but they wouldn't listen, that your health care platform was a slippery slope to all this! You won't get away with this! The will of the Free Market will not be denied!"
"Seelenceo een the prezence of the Keeng, preesoner!"

King Obama spotted a chance to improve his ill mood.

"Bring him here. Good. Give me his file." The king looked over the prisoner's dossier. A long list of crimes against the state, and a repeat offender.
"You'll never get away with this! Never!"
"Hush now, Mr. Jack. We have ways of dealing with unruly sorts such as yourself."
"Praise be to Allah, seenyor."
"Peh! I spit at your torture! The Free Market gives me strength!"
"Oh, no, not anything as gauche as that."

The King grabbed a syringe from the outstretched hand of one of his nearby breakdancing bodyguards, and plunged it into the man's helpless neck.

"Now you are immune to rubella."

Kyle's lingering, echoing screams of tormented horror brought a slight smile like a crack in Obama's stony brown face as he walked into his lavish velvet-lined office and shut the door behind him. He motioned for his bodyguards to leave the room, and he addressed the giant screens hanging over his desk.

"Screen one on. Connect to Emperor bin Laden of Eurabia. Screen two: Hugo Chavez of the U.S.S.A.R.. Screen three: The High Elder of Zion."

The three figures appeared live via satelite.

"Gentlemen," began Obama darkly, "it's time to have...a conversation."

Context for those not about : Kylejack was, at the time, one of the libertarian-Paulshevik stalwarts, though I believe he's since become more reasonable.

RuanGacho
Jun 20, 2002

"You're gunna break it!"

Popular Thug Drink posted:

It's really convenient rhetorically though, because the state exists and pervades every aspect of our lives so you can blame anything and everything on the state. 'State' is to libertarians as 'Obama' is to teabaggers.

I think even that is giving libertarian magical thinking too much credit. The reality is that corporation would keep chugging along without their magical contract because it's peoples natural inclination to organize and work together. The crux of libertarian thinking relies on the concept that now that the corporation no longer exists, rather than the previous labor contracts being null and void, the workers don't own their own labor, all businesses are sole proprietorships and those filthy proles better keep working because if the don't the DRO has a contractual obligation to enslave them on behalf:of the "owner".

Libertarians counter this by hand waving about how that wouldn't happen but remember theres no regulation at play here and wealth is the ultimate power in libertopia.

StandardVC10
Feb 6, 2007

This avatar now 50% more dark mode compliant

Badera posted:

Hey Socrates, the guy in your avatar said this:

The guy in jrod's avatar too. And let's not forget he (jrodefeld, not Rothbard) was just explaining how awful he considered police brutality in the Ferguson thread.

Caros
May 14, 2008

StandardVC10 posted:

The guy in jrod's avatar too. And let's not forget he (jrodefeld, not Rothbard) was just explaining how awful he considered police brutality in the Ferguson thread.

Yeah, but its brutality against 'those' people. Not those people.

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

VitalSigns posted:

The 2008 crash did it for me too. Being gay, I rejected my conservative Christian upbringing early on because it was pretty obvious how bigotry and repression was destructive and horrible. Unfortunately, I naively concluded that the problem was religious people forcing their beliefs on others, but gosh here's Ayn Rand telling me that I don't have to listen to the mystics or deny who I am out of some sense of duty, and gosh there wouldn't be all these problems in the world if there weren't an oppressive state enforcing the whims of the mob on minorities. And all her no-taxes, no-welfare stuff meant I didn't have to challenge any of the other beliefs I grew up with, and anyway I'm a hard worker (no, the GI Bill isn't a social program: I earned that!) and I deserve to keep the fruits of my labor!

Then 2008 happened, and all the wealthy Supermen Who Run the World ran crying to the government for taxpayer bailouts, because it turned out all their bullshit about freedom and ability just meant that they didn't want to pay taxes and they didn't want the government interfering with their swindles, but they did want endless taxpayer money because the whole philosophy is a cheap cover for redistributing wealth from the 99% to the top 1%.

Seeing the people who got their massive debts paid off and their bonuses covered by taxpayer dollars turn around and blame everything on the poor and fight tooth and nail against any kind of mortgage adjustment for "losers" was the final straw.

If you rejected the private sector because they were bailed out by the government, why not reject the government?

RuanGacho
Jun 20, 2002

"You're gunna break it!"

tbp posted:

If you rejected the private sector because they were bailed out by the government, why not reject the government?

Because the State is a cipher not a self aware dark god of conquest. Shocking I know.

VitalSigns
Sep 3, 2011

tbp posted:

If you rejected the private sector because they were bailed out by the government, why not reject the government?

Because a banking system that collapses under fraud, greed, incompetence, and bad decisions every 20 years is not in my rational self-interest.

On the other hand, proper banking regulation put in place after the great depression prevented meltowns for more than 50 years, until the elites succeeded in pushing a free-market fundamentalist religion and gutting regulation because "well of course it's not in a bank's self-interest to buy toxic loan products it doesn't understand, nor is it in an insurance company's interest to take on trillions in risk by insuring debt without setting any money aside to cover payouts, and obviously a major bank would never sell products designed to fail so it can secretly bet against them because that'd be bad for its reputation, so if we just get the government out of the way then fraud and incompetence will disappear from banking forever :downs:"

Edit: There's also that I agree with Libertarians in their complaint that the weath disparity that arises under capitalism allows those with the most weath to coöpt the power of the state and extract rents from the rest of us with the police power backing them up, but I don't share their conclusion that if we renounce all democratic checks on the use of force and allow the superrich to buy private armies directly this problem of extortion by the elite will go away.

VitalSigns fucked around with this message at 18:04 on Aug 15, 2014

Travic
May 27, 2007

Getting nowhere fast

RuanGacho posted:

As far as I know, three things.
1. Parts of SA aged a bit, its a lot easier to be a libertarian when you're on the dole than when you have to actually work to exist and see how society benefits you generally speaking.


My old roommate that I mentioned earlier was like this, sort of. He went through the whole "actually get a job and get abused" thing, but is still a hard core libertarian.

He went to work at a pharmaceutical company that Shall Not Be Named and was appalled at the conditions. Poor quality control, health standards, drug purity, sterility you name it. He was amazed that people there skirted the rules "putting out a poor product to make more money". The FDA came in and temporarily shut them down to fix everything. Now he has a slight respect for the FDA, but he still wants to abolish the government.

You can't help these people.

:edit: Also he couldn't find a job after graduating from college and would be homeless if not for his parents taking him in. "But screw unemployment assistance!"

Travic fucked around with this message at 18:49 on Aug 15, 2014

RuanGacho
Jun 20, 2002

"You're gunna break it!"

Travic posted:

My old roommate that I mentioned earlier was like this, sort of. He went through the whole "actually get a job and get abused" thing, but is still a hard core libertarian.

He went to work at a pharmaceutical company that Shall Not Be Named and was appalled at the conditions. Poor quality control, health standards, drug purity, sterility you name it. He was amazed that people there skirted the rules "putting out a poor product to make more money". The FDA came in and temporarily shut them down to fix everything. Now he has a slight respect for the FDA, but he still wants to abolish the government.

You can't help these people.

:edit: Also he couldn't find a job after graduating from college and would be homeless if not for his parents taking him in. "But screw unemployment assistance!"

It sounds like the only thing lacking is he didn't end up homeless, not that I wish it on him but I have a hard time believing someone would still be screaming to demolish the government when it was literally the only thing keeping them alive.

Travic
May 27, 2007

Getting nowhere fast

RuanGacho posted:

It sounds like the only thing lacking is he didn't end up homeless, not that I wish it on him but I have a hard time believing someone would still be screaming to demolish the government when it was literally the only thing keeping them alive.

Well if his opinion on the FDA is anything to go by he'd probably take their money and say, "Ok. Unemployment and the FDA can stay, but the rest of the government has to go. Also tax is theft."

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

VitalSigns posted:

Because a banking system that collapses under fraud, greed, incompetence, and bad decisions every 20 years is not in my rational self-interest.

On the other hand, proper banking regulation put in place after the great depression prevented meltowns for more than 50 years, until the elites succeeded in pushing a free-market fundamentalist religion and gutting regulation because "well of course it's not in a bank's self-interest to buy toxic loan products it doesn't understand, nor is it in an insurance company's interest to take on trillions in risk by insuring debt without setting any money aside to cover payouts, and obviously a major bank would never sell products designed to fail so it can secretly bet against them because that'd be bad for its reputation, so if we just get the government out of the way then fraud and incompetence will disappear from banking forever :downs:"

Edit: There's also that I agree with Libertarians in their complaint that the weath disparity that arises under capitalism allows those with the most weath to coöpt the power of the state and extract rents from the rest of us with the police power backing them up, but I don't share their conclusion that if we renounce all democratic checks on the use of force and allow the superrich to buy private armies directly this problem of extortion by the elite will go away.
The banking system hasn't collapsed though. I put the blame more on the government for not enforcing proper regulations than the banks for doing whatever they were allowed.

Rhjamiz
Oct 28, 2007

tbp posted:

The banking system hasn't collapsed though. I put the blame more on the government for not enforcing proper regulations than the banks for doing whatever they were allowed.

Uh. Something's wrong with your reasoning there. You blame the Government for Letting the Banks Do Whatever They Wanted, and not the Banks, for Doing Whatever They Wanted.

And your answer is to de-regulate? i.e., Let the Banks Do Whatever They Want, which by your own admission, is what caused the problem in the first place.

twodot
Aug 7, 2005

You are objectively correct that this person is dumb and has said dumb things

JawnV6 posted:

The framing of corporations existing at the behest of the state is so odd. Like hundreds of thousands of people in a single hierarchy doesn't have inertia, if a document in Delaware gets shredded it all dissipates overnight.
The transition to anarchism would presumably involve more than shredding some documents in Delaware, but even if it didn't, the state is the thing enforcing rules that corporations own the things that they own, and that shareholders own the corporation. Given the level of employee theft that exists even with a government enforcing such rules, I wouldn't be surprised to see large corporations quickly collapse without those rules.

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

Rhjamiz posted:

Uh. Something's wrong with your reasoning there. You blame the Government for Letting the Banks Do Whatever They Wanted, and not the Banks, for Doing Whatever They Wanted.

And your answer is to de-regulate? i.e., Let the Banks Do Whatever They Want, which by your own admission, is what caused the problem in the first place.

No that's not my answer I don't know how you came to that conclusion

Rhjamiz
Oct 28, 2007

tbp posted:

No that's not my answer I don't know how you came to that conclusion

You're in the Libertarian Thread proposing we blame the government. What would your solution be, then?

Travic
May 27, 2007

Getting nowhere fast

tbp posted:

No that's not my answer I don't know how you came to that conclusion

You're arguing the Libertarian side. Your default position is deregulation unless otherwise specified.

Are you seriously a Libertarian in favor of greater government regulations?

RuanGacho
Jun 20, 2002

"You're gunna break it!"

Rhjamiz posted:

You're in the Libertarian Thread proposing we blame the government. What would your solution be, then?

tbp is Just asking questions™

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

Travic posted:

You're arguing the Libertarian side. Your default position is deregulation unless otherwise specified.

Are you seriously a Libertarian in favor of greater government regulations?

I think you're getting yourself worked up about something that isn't there.

For that particular crisis, I think that the government is more to blame for the poor handling and prevention than the banks themselves as legal entities.

RuanGacho posted:

tbp is Just asking questions™

I'm glad you could respond with a meme when that is quite literally what I was doing in the first place lol

Travic
May 27, 2007

Getting nowhere fast
[devil'sadvocate]The government is evil[/devil'sadvocate]

tbp posted:

For that particular crisis, I think that the government is more to blame for the poor handling and prevention than the banks themselves as legal entities.


I agree, but both sides were to blame. The government was stupid to trust them to play nice, and the banks were despicable because they hosed everyone over.

Travic fucked around with this message at 19:58 on Aug 15, 2014

RuanGacho
Jun 20, 2002

"You're gunna break it!"

tbp posted:

I think you're getting yourself worked up about something that isn't there.

For that particular crisis, I think that the government is more to blame for the poor handling and prevention than the banks themselves as legal entities.

I'm glad you could respond with a meme when that is quite literally what I was doing in the first place lol

Because the government, being a sentient entity is getting on in years now and just conveniently forgot those regulations that it should have enforced against the banks. Stupid Government! Take your pills!

Rhjamiz
Oct 28, 2007

tbp posted:

For that particular crisis, I think that the government is more to blame for the poor handling and prevention than the banks themselves as legal entities.

Do you also blame the Police for crime?

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

RuanGacho posted:

Because the government, being a sentient entity is getting on in years now and just conveniently forgot those regulations that it should have enforced against the banks. Stupid Government! Take your pills!

I think there should have been stricter policies in place and more active efforts to both prevent and punish transgressions of the laws, before during and after the crises of the late 2000s period.

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

Rhjamiz posted:

Do you also blame the Police for crime?

Considering how much they commit, yes quite often I do.

RuanGacho
Jun 20, 2002

"You're gunna break it!"

tbp posted:

I think there should have been stricter policies in place and more active efforts to both prevent and punish transgressions of the laws, before during and after the crises of the late 2000s period.

Where did the laws go tbp?! Who scurried them away into the night? Some filthy statist probably put them in the shredder and cackled as they did it.

tbp
Mar 1, 2008

DU WIRST NIEMALS ALLEINE MARSCHIEREN

RuanGacho posted:

Where did the laws go tbp?! Who scurried them away into the night? Some filthy statist probably put them in the shredder and cackled as they did it.

I think a big part of the problem is the disproportionate influence institutions such as "the banks" and wealthy individuals have on our governmental process, which helps neuter punishment where it is due and enforcement of regulations in times where all seems peachy.

As well, I think the complicated nature of the Financial Crisis is a bit over the head of many who like to talk about it often, leading to confusion and misplaced anger.

Well perhaps misplaced isn't the right word, but it seems often skewed by a poor understanding of what occurred.

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VitalSigns
Sep 3, 2011

tbp posted:

For that particular crisis, I think that the government is more to blame for the poor handling and prevention than the banks themselves as legal entities.

You are quite correct that the government is to blame for accepting idiot libertarian free market ideology and refusing to regulate the derivatives market and the CDS market, and for gutting the regulations that prevented investment banks from gambling with depositors' money or turning the insurance market into a casino.

Of course, it was bankers who are entirely to blame for the crimes they committed, and they bear a healthy share of blame for lobbying to roll back the aforementioned regulations too.

So yes sure, I blame the government for the crisis in the same way that I blame the dikes that failed in New Orleans for the Katrina disaster. We should strengthen those protections so they don't fail next time, not say (as the Libertarians do) "welp, Katrina just shows dikes are completely useless so let's tear down every dike in the land to keep us safe from the next hurricane!"

Edit:

tbp posted:

I think there should have been stricter policies in place and more active efforts to both prevent and punish transgressions of the laws, before during and after the crises of the late 2000s period.

Uh, okay me too, so then what was the point of your original question to me about how I should "blame" the government? If you just meant I should blame free-market ideology and support strong government oversight then well yeah, that was whole drat point of my How-I-Stopped-Being-Libertarian story :confused:

VitalSigns fucked around with this message at 20:08 on Aug 15, 2014

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