NEWS, COMMENTARY, DEBATE AND ACCESS TO FUTUREWORLD'S COMPLETE KNOWLEDGE BASE
I'm a litle dubious. While state intervention in the markets is bringing some kind of stability right now, I am by no means convinced this is good for the market in the long term. Decades of experience have shown that governments are notoriously bad at running virtually anything efficiently. The swing back to state control may well come back to bite us. Government appointees on boards of directors are not necessarily going to be the best thing for entrepreneurship and advancement.I also think bad decisions are now being taken. The US car industry should collapse. It is ineffecient and out of touch with the market. The bale-out now will simply delay the inevitable.I think the best opotion is that we end up with "kinder capitlaism" rather than socialism - e.g. direction and regulation from governments to ameliorate the worst excesses of captialism, rather than State ownership.
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