Re: Help me battle my teacher\'s indoctrination
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He consistently refers to Enron and the sub prime housing collapse as failures of the "unregulated free market".
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Nonsense... Bad businesses going bankrupt is a CRITICAL part of the free market. No business is guaranteed success. The strong survive and the weak businesses die. In a free market it is important that some businesses die. With the govt, currupt and competant programs survive no matter how bad they are...
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Then he speaks of the sub-prime lenders and how they screwed over people (he also mentioned how lenders would help people set up fake jobs to get approved for the loans).
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I call bull**** on this.
A morgage salesman might commit fraud to get his commission but the owners of the business would NEVER knowingly allow this. Where loan money to people who can't pay it back?
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He has also asserted that with the government managing social security there is a 1% cost of handling the money, yet if it was done privately there would be a 20-30% fee.
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A complete LIE. 1% ????
This man is not sane. If I had my SS money and invested myself I would do MUCH-MUCH better.
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Like many advocating massive social programs he mentions the Scandinavian countries such as Norway and Sweden as essentially Utopian societies which we should model our social programs.
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These nations do better than most socialist countries. They are the exception rather than the rule...
Just regurgitate his nonsense back on a test to get a good grade then NEVER take another class from him again...
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