9:55 I challenge this idea that capitalism had failed itself in 2008. The speaker completely ignores the stimulus - or intervention - which gave rise to the banking collapse: Fanny Mae and Freedie Mac. This amounted to government underwriting of high risk loans, loans to people who would not normally have received credit had proper banking risk management occurred. With that risk removed by government policy, the banks went to town. Bob blames capitalism. What he omits is that the free markets themselves were stoked into a raging blaze by government intervention first.
You need to define Liberalism ... the way Australia is becoming an Authoritarian state under Labor is NOT what I thought liberalism was.
That is a fair criticism. I think Rob allows each of his guest to define what they mean by liberalism. It's fascinating the different perspectives.
Australia's media ie ABC, 7, 9 ,10 don't allow comments on their YT channels....they are despicable....
It's a real failure on their part. As far as we are concerned our videos are conversation starters. So thank you for engaging and commenting.
9:55 I challenge this idea that capitalism had failed itself in 2008. The speaker completely ignores the stimulus - or intervention - which gave rise to the banking collapse: Fanny Mae and Freedie Mac. This amounted to government underwriting of high risk loans, loans to people who would not normally have received credit had proper banking risk management occurred. With that risk removed by government policy, the banks went to town. Bob blames capitalism. What he omits is that the free markets themselves were stoked into a raging blaze by government intervention first.
If CIS supports liberalism how come all the chat replay and after chat comments have been deleted?
We don't delete comments. The only comments that would have been removed are those removed by RUclips.
Wow... Rolf Harris is still going strong !
Yes, he lent a particular twist to 'tying (his) kangaroo down'.
He is indeed!