Comment 29341

By ToryBlue (anonymous) | Posted March 05, 2009 at 08:18:32

Ryan has become Grassroots apologist on the one hand, while simultaneously distancing himself from he/she: "In the interest of accuracy, I was attempting to *repeat* your argument, if not necessarily to endorse it completely".

The point is this. We are in a global economic meltdown. Deregulation isn't the answer to a 'market' economy, but neither is the strangling of individual incentives for businesses to invest and create jobs.

As we see in the US model, the government is having to step in and bail out a 'deregulated' system. Even at that AIG may not survive. The banks are on the verge of being nationalized and GM we are reading in spite of billions in bailouts cannot probably survive either.

Closer to home, US steel, the saviour of jobs and pensions for stelco has turned tail on the community.

Should all of these entities have been allowed to fail from the beginning? Tough medicine but in the end the result is the same. The only difference is in the public money squandered to attempt an artificial resuscitation.

Grassroots sees all good flowing from a radical, people centered revolution of sorts. He/she fears the system will stamp out this rebellion by the proletariat as it did during the Winnepeg strike or even the Hamilton steel wildcat strikes.

Let's say the system didn't interfere and the proles took over US steel as Rolf, the Marxist, wants to do. Now what? Who will the steel be sold to if no one is buying it? Who will the new 'fact cats' running the show blame now that they are the new corporate elites? Read Orwell's Animal Farm. It is instructive.

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