Rotten Capitalism

So there is more empty homes than homeless people, but the people can’t get those homes, because they were and are an investment vehicle. Actually, it makes sense to even tear down empty houses to keep the market prices up, similar to destroying food that has been produced in too large quantities. For me, another great example of rotten capitalism, because it makes absolutely no sense.

One could argue that those people who are homeowners and can’t pay back their mortgage have to face the investment risk they took on themselves. Yes, maybe, but what about those who just rented and get evicted from the house? And why don’t we apply those very same rules to the companies that have been bailed out?

The only solution Obama proposes is to reduce interest rates, thats not really fixing. Maybe, he doesn’t want to, given the large funding from Goldman Sachs he received.