5 karma · joined October 21, 2011
That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts from links as far as I'm concerned, if the intent of HN is to limit politicking.
Large companies at some point suffocate the smaller ones. The big fish eat the little fish and there is talk of the government needing to step in and trust bust. Then the little fish comes along that can outdo the big fish and the big fish gets hurt and the little fish propagate again. This is the circle of life in capitalism, and there is nothing wrong with it.
People would benefit from studying history, but I don't think that "history of business" is taught. It should be.
How about instead you should try to get a job to start paying it off asap? "Not worrying about it" could be interpreted as "debt is ok- it is what our government does, so rack it up".
:) No, but I think focus on the internet and electronic trading probably had a hand in the downfall of the economy. Look at how volatile the market has been since the 1990s. At some point we should all really evaluate whether we've gone too far. But technology is advancing our species also. We may be able to cure newly found diseases with the press of a button someday.
What bothers me about seemingless aimless activism though is that it can be easily manipulated. And even if it isn't manipulated, groupthink can be just as bad and chaotic (as is the case with riots). These people would be better off consolidating and meeting with people of like minds in a more organized fashion on a continual basis rather than getting together with people that have intent far from their own.