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Wheylous vs. SkepticalMetal

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If it isn't restrictive, than I would think it would be easy to tell me why it isn't. If it is difficult, than that tells me that you yourself have a feeling that communism is restrictive, and that it employs slavery to make it work. If I'm wrong, please tell me why it is not how I see it as.

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It's not restrictive because the employees are given the ability to control their workplaces. Capitalism, on the other hand, is restrictive, because employers control capital without actually using said capital. They have no claim to it if they're not using it.

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Wheylous replied on Tue, Dec 11 2012 8:18 PM

Wheylous 3?

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My Buddy replied on Wed, Dec 12 2012 4:30 PM

Now hold on. You assume the Social Democrat has no answer to "what regulations". What if they say "Glass Steagall"?

EDIT: Hell, I'll play the SD for a bit I guess.

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Wheylous replied on Wed, Dec 12 2012 4:53 PM

How did the repeal of part of GS cause the crisis?

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My Buddy replied on Wed, Dec 12 2012 5:48 PM
It allowed banks that deal with mortgages and savings accounts and the like to get involved in investment banking, which is far more risky, thus putting far more money at risk.
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Wheylous replied on Wed, Dec 12 2012 6:01 PM

Simply because there was more risk it doesn't mean that it will automatically cause a crisis. Hell, having a banking system at all creates risk.

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My Buddy replied on Wed, Dec 12 2012 6:10 PM

Okay, but it allowed things to happen that otherwise wouldn't have by destabilizing the system.

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Wheylous replied on Wed, Dec 12 2012 6:17 PM

Things like what?

Every additional loan is one more thing that happens.

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My Buddy replied on Wed, Dec 12 2012 7:39 PM

It caused the conflict of interest between banking and brokering that caused the system to collapse.

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Neodoxy replied on Wed, Dec 12 2012 7:44 PM

I disapprove of this debate.

At last those coming came and they never looked back With blinding stars in their eyes but all they saw was black...
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Wheylous replied on Wed, Dec 12 2012 9:18 PM

How did that cause the collapse of the system?

And Neodoxy - what do you mean?

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My Buddy replied on Thu, Dec 13 2012 6:23 AM

Deposit banks were able to start aggressively offering mortgages to people who cannot afford them, hoping that they will be able to foreclose on the houses and get lots of expensive houses cheaply. Over the next two years, 3 million houses got foreclosed upon when people that the banks did not expect to be able to make their mortgage payments are unable to make their mortgage payments - just as planned. The banks start loaning each other money to make even more mortgages, putting up the foreclosed houses as collateral. Then, in 2006, the housing prices crash unexpectedly. Oh no! The banks are suddenly sitting on a bunch of houses that are no longer worth anything and have loaned out all their money as part of their mortgage deals. The banks, not having any money, are unable to make any more loans or even pay off their loans to eachother. America's economy, needing easy to get loans in order to properly function, begins to slow down.

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