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Reply #44: Unregulated capitalism is a snake eating its own tail. [View All]

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Confusious Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:24 PM
Response to Reply #27
44. Unregulated capitalism is a snake eating its own tail.

It eats itself up in boom and bust cycles. Every 20 years in the 19th century, there was a depression as the market took a dive. It was only in the 20th century that we got a handle on it, sort of. The Great Depression was the last in the cycle. With the Republican and democrats undoing the controls that FDR put in place, those times might return.
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