[kj] Killing joke and Communism

[Mister Black]

There is another problem with your suggestion that the Banks execs should pay for the losses . We must have the same rules for everyone , rich and poor . So are you suggesting that any losses incurred by the employee should be paid for by said employee? If a McDonald's worker leaves the chips on and the store burns down , should he have to pay all the store re-building costs and all other costs incurred? Should a pilot have to pay for a new aeroplane if he crashes his one?
 Your ideas arent very well thought out Oliver . Also , if an banking exec knew that he would be liable for any losses incurred , then he would never even take the job in the first place , no one would dare take the job . The position would be unfillable. On the bankers C.V. there will be the information that he was working for a bank that went bust , isnt that punishment enough ?
  Just like all your ideas Oliver , idealist , not thought through and they dont make much sense .

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Message Received: Aug 27 2007, 01:56 PM
From: "B. Oliver Sheppard" 
To: "A list about all things Killing Joke (the band!)" 
Cc: 
Subject: Re: [kj] Killing joke and Communism

Okay, so you are not a free market fanatic who believes the government 
has no role in getting into the economy -- that's good. There are a lot 
of free market enthusiasts who say the government needs to clear the 
way, get out of the economy, let free markets work ont heir own, etc.

But have basically said the government needs to come in and bail out 
banks. So you are pro-govt. intervention intot he economy.

However, one big aspect of our current economic system is risk. Risk 
means nothing if it means youd on't pay the price for it if the risk 
turns out to be bad. These subprime lenders took a risk. Well, as 
happens with risks, sometimes they go bad. So -- the public (me and you) 
should now come in and pay the price for them taking a risk? How about 
the folks at the top of these corporations be bled dry first, and then 
if there's still money needed to bail out the common folks, the public 
pitches in? That seems a just way to do it to me.

But for the government to come into the picture automatically on the 
side of the banks, instead of the folks who fell for the loan sharks' 
promises, seems more like a nanny state for the rich to me. Let the rich 
take the risk -- and if it doesn't pay off, let them suffer the 
consequences. That's good old capitalism, right?

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