Wednesday, December 16, 2009

Darwinism and the Economy

Everyone remembers Darwin's Survival of the Fittest thought process, by which, the strong will survive and the weak will not. That is the basic premise, but if you read further it also states that when the weak succumb another species will come up and take the lead role.

With that in mind let's talk about the financial world and the banking sector. I know that there are a bunch of talking heads mentioning the 'too big to fail' mantra, but the real way to solve this is to let them fail. There will be others that will come in and pick up the pieces and finish the puzzle.

Instead of bailing out the financial institutions who got themselves into hot water, let them fail and let some other better run establishment take over and do things right. By giving them tons of money and bailout after bailout, they haven't learned their lessons and will continue to do the same things. Now the issue is that we the people are being forced to bailout the crappy financial people just because.

Let them fail and let everything fix itself. If we take out new debt obligations and debt load that we've been forced to acquire to save deadbeat people, over $2 trillion and we would have just saved it for a rainy day or flat out given it to every household, we might be in a better position. The trouble with the bailout of the financial world is that non-financially educated people are in charge. The government is by far in no position to dictate how to fix a financial problem since they can't ever have a balanced budget or make a profit.

I go back to my original thought. No one is helping me with a bailout with my debt load and my small business, they just try to take more of it and waste it on the rest of the deadbeats. I'm tired of it.

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