Mike, I don't know what Obama will do. What I am hearing is that Capitalism is falling just as Communism fell under the weight of its own unrealistic dogma. Since the market has shown that Randian notions are false- IOW that unfettered capitalists will destroy the market in the interests of greed and at the cost of a stable society for the rest of us- government oversight and/or ownership of key parts of the market seems inevitable. We've never had "unfettered capitalism", or anything even close to that..
Your "argument" reminds me of most college professors who attribute the Great Depression to "unbridled capitalism". The argument is...
- All three presidents up to Hoover were Republicans
- Republicans are known for advocating capitalism
- The Great Depression occured after 3 consecutive Republican presidents
- Therefore, Capitalism caused the great depression.
I flat-lined 3 professors in college with the facts - it was government manipulation of the money supply in the 1920's that set the wheels in motion for the "boom-bust" periods, and then government interference and inflationary policies in the banking market that led to the crash. None of these occur in a free market system.
Your entire argument is flawed.