Over spring break I looked at the documentary “Inside Job” which gave a detailed look at what led to the 2008 economical crisis. It proved that in theory, capitalism works and that regardless how good a system is, once the human variable is added there needs to be regulation. (Every school in this country should watch this and someone should send a copy to president Obama) Many economists and businesses argue for less regulations and more freedom, but they have proved that they are unworthy of such freedom. In fact Wall Street is fighting tooth and nail to prevent some of the necessary measures required to protect the economy from another crisis like the one we are still struggling with. The frailty of human nature, its corruptibility, and the darkness that lies within us all, makes regulations on businesses imperative. I personally think that those people should be hanged, they committed crimes that affected lives worldwide and escaped unscathed. Ok so maybe we cannot hang them but at least the money that they made scamming people should be used to clean up their mess.
What do you think?
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