Government Managed Markets Don't Succeed

[Eddie_T]

Economic theories abound in government and academia but the economy is complex rather than linear. The economy is consumer driven but consumers can be emotion driven and even outright fickle. Central government planners cannot judge and balance supply and demand as well as a free market can. A free market is based not upon a plan or theory but the individual actions of numerous individuals. Planned economies lead to waste due to shortages and excesses and the government has proven itself to be the worst predictor of what people want and need (look at green energy and electric cars). Government meddling such as bailouts end up benefiting the well-connected (look at bailed out executives appointed by Obama to top jobs). Also bureaucrats and politicians most often act to feather their own nests and buy votes leading to crony capitalism. It doesn?t matter which political party tries to play the game greed always finds a way to triumph. Obama has shown us his type of crony capitalism and we have not benefited as have his friends and pet unions. For America to succeed Obama has to go!

[YelloJeep]

I agree.....

[oldognewtrick]

I agree, the O has to go, but he isn't the only problem. We (the USA) need to return to the principles and values that made us a great nation. We need govt reform and leaders from BOTH sides of the isle who can stand up, do the right thing for our country and make the tough decisions necessary. I don't see anyone willing or able to lead us.