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all of this talk of socialism
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[QUOTE]Originally posted by glassman: [QB] [QUOTE]Originally posted by Propertymanager: [qb] [QUOTE]using OPM is socialism too... by your loose definition[/QUOTE]Using OPM is absolutely capitalistic. The lender is providing a service and making money from that service. Once again, the problem with the lending industry is government involvement, starting with the Federal Reserve. [/qb][/QUOTE]i agree that the FED is most of the problem, but they are not socialists in any stretch of the word. i started this thread to explore what socialism really means. if you want to blame somebody for our current economic problems? you have to look at the most basic reason for our problem. it is very simple. we as a nation produce more per person than any other. BUT? we (as a nation) spend even more than we produce. this has been going on for too long. the govt gave away several tax rebates ove rht last five years, they had to do that to compensate for stagnation in wages. people were buying bigger better houses and cars because they WRONGLY believed they were going to get more pay as a result of their better performance. fact is pay went down while prices went up. why did pay go down? increased compettition? [/QB][/QUOTE]
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