More magnificent irony

Yes, more magnificent irony for America, Republicans and, really, the world.

Deregulation of the banking and financial markets was supposed to be this magnificent, brilliant, liberating, stimulating idea for virtually everyone and everything. It was supposed to bring on nothing but good financial times and rising economic futures for everyone--the rich, Wall Street, the poor, the Middle Class, corporations, the little guy, everyone.

Ayn Rand, anyone?

But, lo and behold, the deregulation of the largest economy in the world, the United States, has wreaked havoc on the country and, now we've found out, the world.

The first big irony is that it's been the conservatives, Republicans, fat-cats, corporations and wealthy of the US who thought this deregulation would be not only a good idea but, indeed, a boon to our economy and the world.

There was supposed to be virtually no one this deregulation idea wouldn't benefit.

"Leave the corporations alone and the money will rain down from heaven," seems to have been the idea.

Well, when you leave greedy people alone in a room with money, they'll end up stealing it every time.

So the people hawking these ideas were also supposed to be the free market capitalists, of course. That just makes sense.

The worst thing these people could imagine for ANYONE, anywhere in the world was the evil Socialism or, worst yet, Communism.

The big, final irony now?

All that "free market", deregulation has brought us to the brink of a world bankruptcy with, so far, no end in sight.

Adding to that? (Yeah, we can).

Not only are we going back to regulation, as we ought, with all the countries in the world right now, with economies collapsing (and everyone is, rightfully, it seems, blaming the United States for the cluster mess), we're apparently going to have to join together with all the other world economies and regulate ALL markets, world-wide.

All of them.

We're all interconnected, so we're finding out, and if one is a stinker, it has ramifications for all of us.

To repeat, for clarification and effect:

Republicans, free-marketeers, corporations and conservatives wanted deregulation;

The deregulation has led to our collapse--all of us--in the entire US and the world;

We're now going to have to re-institute regulation, in the US;

We're going to have to institute world-wide, shared regulation--and rules--so everyone can be kept honest;

All the deregualtion brought on this collapse, which is, in turn, requiring Socialism, really, here in the US and 'round the world.

If that's not the most delicious, all-consuming irony, I don't know what is.

Thank you Republicans, Conservatives, Corporations, free-market supporters and your ilk.

For nothing.

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For a glimpse of what's going on right now, worldwide, with all the financial systems, go to this link:

http://globaleconomicanalysis.blogspot.com/2008/10/economic-crisis-around-globe-continues.html