30 October 2008

Iceland

It will be interesting to see how this plays out. How will a white nation in monetary trouble being forgiven be viewed? Here is the story.

This might be my socialist/not quite communist leanings, but what is the use of money if debt is just forgiven at this level, furthermore why do people get so bent out of shape when a group wants to make compassion (healthcare) open for everyone? The Gold Standard was proven to be a farce when currency was made to stand on its own and currency will one day be proven to the the same when we realize that our market isn't a market anymore. What's the use of a 'free' market system when companies are allowed to rise and fall in their own right? If one were to fail, then people would, god forbid, loose their job and be forced to get a new one. Why do we bail out? Because it's human nature to show compassion, although we don't like to admit it, these are socialist ideals and we'll be better people once we finally admit that fact.

Via Andrew Sullivan

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