beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,026
wel true thats not a straw man, its just false. its well documented that the root cause of 2007 was US policy on housing, as i pointed out. this may have been exacerbated by "free-er" banks, though this ignores that US regulation was already stricter than here, EU regulations stricter yet, and they both suffered problems.Its not a 'straw man' to say that private banks required state funding as a result of the market becoming increasingly free-er,.
which is what advocates of Laissez-faire capitalism desired and therefore criticise those advocates; the two do go hand in hand.
this is your straw man, claiming there are advocates of laissez-faire capitalism. there arent any serious proponents today, its only seen as a component of economic theory, a place to start from then move on.