Writer is deluded about private sector

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The July 3 letter "Don't let private sector overtake nation" is amazing to read. The writer wants government to inspire and direct the nation's business -- not the private sector.

One small example of the writer's wrong conclusion is the history of the Soviet Union. Since the takeover through the Bolshevik revolution in 1917, the new government went on a program of eliminating the "private sector," purging all private enterprises and farms of their owners.

All intelligentsia and people with constructive ideas were routed and/or killed by the millions.

Soviet leader Josef Stalin built a new class of bureaucrats and his own military elite. The economy was built to order and only by order of Moscow bureaucrats. Military buildup was prioritized.

It took another 50 to 60 years to run the state-run economy into the ground, until Mikhail Gorbachev realized in 1988 the end was near.

To change from a government hierarchy back to a productive private and free economy takes more than a generation, because the mind-set under government direction is difficult to change to a risk-taking entrepreneur's mind.

The writer's conclusion that private enterprise's greed caused the financial meltdown forgets the fact that government's policy caused the distribution of worthless mortgage bundles to spread across the greedy banking world.

S.G. Von Schweinitz

Appling

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Jon Lester
2480
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Jon Lester 07/11/11 - 03:57 am
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Perhaps the original writer
Unpublished

Perhaps the original writer should have referred to the legacy of Deng Xiaoping instead, because China seems to have the strongest economy of the developed world. Decry their methods all you want; the results are plain to see.

burninater
9921
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burninater 07/11/11 - 06:23 am
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Writer is deluded about

Writer is deluded about letter s/he is criticizing.

The original LTE did not call for gov't control of free enterprise. It called for balancing the consequences of unchecked greed with intelligent regulation. You know, evil things like drinkable water, breathable air, and the absence of financial fraud so large that massive taxpayer bailouts result.

God forbid we recognize the ill consequences of certain aspects of private enterprise and take steps to mitigate them.

hounddog
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hounddog 07/11/11 - 08:26 am
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Jon Lester, ‘ the original
Unpublished

Jon Lester, ‘ the original writer should have referred to the legacy of Deng Xiaoping instead, because China seems to have the strongest economy of the developed world.’
I afraid you do NOT have a clue what you are talking about. Over 60% of China’s population lives in real poverty not the BS talked about in the US. Many of them live on what they grow and animals they raise. Jon, you really should look into things before making statements.

luckygSARGE
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luckygSARGE 07/11/11 - 11:07 am
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The writer of the original

The writer of the original letter and all the china lovers, fail to see that all of our problems are/were caused by the system he wants to control it. Fannie Mae/Freddie Mac and other programs were devised by politicans or their friends to merely reap personal rewards. Barny Franks had the Fannie Mae people hire his significant other, and as of latest NPR reports none of them will answer questions. Chris Dodd (from Conn.) was one of the master minds of the AIG bail out, a reporter even caught him live in an interview. I believe AIG is HQ's in Conn. He later decied to take all of his loot and not run again. The list goes on and on. A British oil industry specialist and their commission told the US Energy Dept, Congress and everyone else not to let BP operate since everything they did in the UK was unsafe, but the dollar over ruled. These are our so called government protectors who let all this happen again and again. Our current "lost leader" has created 250,000 Civil Service jobs (which contirbute nothing in hard durable goods to the economy). Seems everyone forgets that we the people are the government, we elect these scoundrels even after many of them have been caught with their hands in the cookie jar over and over again. The retired army writer has China's method right, but it would not work here in the politically correct US. Oliver Cromwell the British Politican and Military leader(1600's) had the King of England beheaded for just what these people do here. As in China justice may not be all correct, but it is swift. In the Mid-East what ever you use (hand, tongue) or head to dupe the system is swiftly cut off. The Romanians did the same to the former President and his wife as well. So far we have attempted to solve most of our problems at the ballot box, and I hope it stays that way. As a retired military person I see more and more actions being taken here against us that we attack other nations for. We critize Syria for putting down rioters, but I guess we have all forgotten Kent State University and the National Guard for shooting protesters. If someone attacks the White House, are the Secret Service supposed to cut and run?

socks99
250
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socks99 07/11/11 - 01:09 pm
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The letter writer is on the

The letter writer is on the right track, and if he'd nuance his views a little, he'd have it exactly right!
In the most recent round of globalization, China and India, for instance, were exempted both from 'hyperglobalization' and from the type of financial liberalization that wrought free flow of capital. For instance, it was that global liberalization of financial flows in the West that enabled the housing boom and bust.
In fact, while much of the west followed the private sector solution and watches as most of their industrial and manufacturing base was exported to the 'lowest cost producer' the Chinese and Indians used government policy both to protect their industrial base and to diversify their economies. In other words, the private sector will have to have some level of government regulation if it is to generate the kind of economic growth that will re-employ the masses.

luckygSARGE
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luckygSARGE 07/11/11 - 05:21 pm
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The private sector here in

The private sector here in the US has enough govt. regulation as it is. That is part of the problem. India and even China are both proped up by the US and have been for a good while. We kept China up because of the Soviets and India due to Pakistan. These two behmonths provide stability in the region and also quite a few sales. All of these countries that embrace a social, government helping hand are broke. Just look at Greece, who has defaulted on all of its loans and help 50% of the time for the last 200 yrs, (according to NPR news). Portuagal is broke, Ireland and even Iceland. Governments cant continue to run everything. Greece has had to sell off everything except the ancient statues. We have agencies here in the US that monitor everything already even to the point of your bathroom breaks. These agencies are the ones that need to be cleaned up in order for the private sector to run as it was intended. Even Bernie Madoff stated that inspectors from the SEC and other agencies either did not know what they were doing or did not care. There is a need for some oversight in order to protect the US public, but to run every aspect of life, and business is unnecessary. We could go on and on about why businesses leave the US, partly in fault to socialist dominated Unions who have asked for every perk possible.

rmwhitley
5547
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rmwhitley 07/11/11 - 06:02 pm
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adolf hitler's guvmint was a
Unpublished

adolf hitler's guvmint was a "success", lenin and stalin's guvmint was a "success", nero's guvmint was a "success", peron's guvmint was a "success", castro's guvmint is a "success", Greece's guvmint is a "success", Mexico's guvmint is a "success", obama's guvmint is a "success", Atlanta's Public Schools leadership is a "success", charles walker was a "success", charlie rangel is a "success", anthony weiner is a "success" et al. democrats, the only road you're familiar with, and you're taking us down, is "The Perdition Highway".

luckygSARGE
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luckygSARGE 07/11/11 - 06:29 pm
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Well at least rmwhitley seems

Well at least rmwhitley seems to see the light. Norman Thomas finally pulled out of the presidental races with this statement "I have finally found a party which is adhering to my socialist platforms, the Democrats.
I have been trying to figure out (legally) how to give stuff away consistently without something coming in to replace my bank account. Wont happen. Only a few Yellow Dog Democrats, (hardly any left) were/are able to figure that out. Also most of China's so called bustling economy was created by the British prior to giving up Hong Kong and the financial districts.

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