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[quote user="HarveyK400"]There's not a lot to choose from between self-serving corporations and inexperienced bureaucrats trying to pick up the pieces after a free-enterprise train-wreck.  We tried leaving the bank recovery to the bankers and the results were mixed.  How can you blithely speak of the "market" as some free and pure force when it has acquired so much baggage?[/quote]   Harvey,  <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> With all due respect, I think that the so-called banking crisis, being held up as an example of the inherent deficiency of the private sector is a red herring.  The banks lent money to bad credit risks because government policy ordered it and underwrote the risk of it.  That then caused the housing bubble.  It had nothing to do with the fundamental mechanics of the private sector.    I also disagree with your characterization of us having a choice between “self-serving corporations and inexperienced bureaucrats,” referring to the private and public sectors.  While government may have more than its share of inexperience bureaucrats, it is just as self-serving and filled with expansionist zeal as any private corporation.  And on top of that, it has the power of fiat, unlike any corporation.  Government is not just a neutral entity, passively doing the work that public asks for, as many people believe.
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