<p>I'm a young professional (under 30) and I must say the lower the market goes the more excited I get and the more money I'm throwing at it. The way I see it, I won't need this money for 30-40 years and I'm still betting that the US will still be a big player on the world stage by then even if it's not the strongest economy in the world. I'm expecting huge returns from the money I'm throwing in now...I know for people over 50 it must be gut wrenching to see your retirement and your kids' education accounts wiped away but are the younger people out there seeing this as a once in a lifetime opportunity to get things on the cheap?</p>
<p>I like it due to the increase of crime and vandalism due to lack of police. These things make my UE a bit more exiting.</p>
<p>You need to watch this clip, seriously people are hurting:</p>
<p>[url=<a href=“http://■■■■■■■.com/2w4apm”>http://■■■■■■■.com/2w4apm</a>]</p>
<p>Well, look. Every time someone is hurt by the economy, someone else benefits. It’s the way it works.</p>
<p>That’s not true 0_o. Just because some people benefit from a down market, that doesn’t mean they balance out the less fortunate - the fact that the GDP is going down means the average standard of living (almost certainly) is too.</p>
<p>capitalism sucks its about time this happened.</p>
<p>
</p>
<p>hahahahaahahah fail.</p>
<p>funny thing is America has not been Capitalist in many many years and generations.</p>
<p>
</p>
<p>I agree 100%. This is the perfect timg to start building a great retirement foundation.</p>
<p>As far as people losing money that they will need soon… Why was it in the market to begin with? Should have started moving over into safer investments…</p>
<p>*funny thing is America has not been Capitalist in many many years and generations. *</p>
<p>Well no nation is 100% capitalist, but America is for the most part a capitalist country.</p>
<p>We were a capitalist system in the 1920’s, and the depression that followed lasted a decade until government spending increased massively during World War II.</p>
<p>Now that we have a capitalist/socialist hybrid system, we have more of a safety net during hard times. I’m very unconvinced that the stock market will continue to tank, especially after this week’s news of the stem-cell ban being repealed (great news for anyone in biotech) and Citibank making a profit. (it won’t need to be nationalized)</p>
<p>well the problems still aren’t solved yet so i still think going to 600 on s&p is a possibility…i hope that happens next year so i get more time to contribute money to ira and 401k and invest personal money…though these bear market rallies are amazing too</p>
<p>
</p>
<p>coulda fooled me ~_~ Maybe not pure capitalism, but even just look at the influence capitalism has had on our foreign policy…</p>
<p>if you really aren’t going to need the money for another 30 or 40 years, I’d be investing in the BRIC markets over the US market.</p>
<p>Capitalism puts choices in the hands of the citizenry(private sector), it assumes everybody will make the best choice for themselves(or business) and that people will provide any safety net as needed in their local communities for the other citizens. </p>
<p>Now does America sound capitalist now? i doubt it, we haven’t been in quite some time. The people and the government they have created all agree that the citizen is to stupid to make their own decisions and that we need the government who supposedly has a midas touch on the situation to make them for us. The government regulates and interferes in all sectors and manipulates those sectors for its own political goals, which usually are collectivist in nature. </p>
<p>We do have a market, though its not free, and we dont live in a free society, there is no essence of private. **** the American citizen doesnt even own its own body.</p>
<p>We Do not live in capitalism, if we did, the problems we face today would have never occurred, because every citizen would have been directly responsible for their own actions rather than the govt. The citizenry would make the best choices for themselves and equilibrium would occur. The sectors that need more worth would have it and those that would not need it would free it up. Its all quite volatile, but in the end its perfect equilibrium at all times. Every problem we have now is directly associated with government interrupting natural forces in the free market which creates artificial occurrence in each sector, such as the housing market.</p>
<p>“it assumes everybody will make the best choice for themselves”</p>
<p>Does anyone still believe this?</p>
<p>well a leftist approach is that the people are to stupid to make their own decisions, and we need some collective unit to make the decisions for the people. The problem with that argument is that the collective unit is made up of people who also are considered to stupid to make their own decisions. Its a recursive problem, which then proves that if the individual is to stupid, the collective unit is thus as stupid and possible a multiple more stupid by the number of people in that unit. </p>
<p>So yeah, I believe that. Every human will make the best decision for themselves, when the decision is to be made. I don’t believe the govt had a Midas touch on the situation.</p>
<p>I’m not talking about liberalism or conservatism. I’m just wondering how you think that people always make good decisions when the current crisis was caused by bad decisions.</p>
<p>I think people should be able to make their own decisions, I just don’t think they should be forced to live in tent cities (google tent city sacremento) if they make bad ones.</p>
<p>I thought that the recession was caused by people who decided to make the bad triple AAA labels and decided to take risks on families that really should not be getting mortgages. If people had more information, this probably would not have happened. Or rather, if a small group of people did not control most of the information, this recession might not have happened? I’m not really sure if this is right, but this is what I caught from snippets of conversation and random internet sites.</p>
<p>i think that people should take responsibility for their actions and suffer the consequences. if you bought a house you couldn’t afford cuz u thought the price would keep going up, tough luck dude. if you didn’t save anything for a rainy day, same thing.</p>
<p>i don’t understand why we gotta bailout everyone. if we let the market work, eventually itll come back stronger since it’ll weed out the weaker people. isn’t that what darwin always envisioned.</p>
<p>^ It’s funny how people keep thinking Darwin initiated the concept of social Darwinism.</p>
<p>(He didn’t.)</p>