We, the U.S. of A. seem to be rapidly heading towards socialism. Our efficient, well-managed, totally ethical government in one week has taken majority ownership of the world's largest insurance conglomerate and the two largest mortgage lenders. We have added billions upon billions of potential debt, and no small measure of real current debt to our burden as taxpayers. Although I understand the reasoning behind all three moves, at a base level I abhor them. Free enterprise involves both reward and loss. It appears now that there is expected to be only reward in any investment. Risk is inherent in all speculation. In a free market (or as free as we historically have ever been) the potential reward was scaled in relationship to the degree of risk. Low return equalled low risk - think U.S. Savings Bonds or a passbook savings account. High return equalled high risk - think "junk bonds" or a venture capitalist providing start up dollars for an inventor. Mortgages have t...
The universe, by definition, is infinite. It is arrogant for us to think mankind can formulate all the questions much less grasp all the answers.