socialist reality grows stronger

The solution for too much debt is not more debt - although that's what Europe and others seem to think the solution is. It's crazy. They should be forcing countries to cut spending, they should allow creditors to take big losses, they should allow people to go bankrupt. The idea of printing more money and buying worthless bonds instead of allowing people to go bankrupt is how you destroy an economy.


The way capitalism works is if you make bad investments, you lose money. In the US they've had states and cities go bankrupt a number of times, but it didn’t end their existence and the US dollar. You start over from a stronger base once you acknowledge your mistakes. That's what's capitalism is all about. Sadly, capitalism is increasingly practiced only in theory, while the statist and socialist reality grows stronger.