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Not everyone with a job in the US (or even the world) has/had exposure to a) pay high enough to yield excess income for investment, b) worked for a 401k enabled company.
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While true, its also quite true that the majority of the middle class could be saving more if they werent buying frivilous things. Statistics and personal observations show that. We wouldnt be having anywhere near the forclosures we are seeing if that wasnt true.
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Again, another very elitist view that cannot be supported as you will have the wrld believe every person in the world in power is uneducated and stupid.
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Corrupt is more like it. Corrupt with no economics background. None of our politicians are economists last time I checked.
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- as in a want laissez-faire economy tp profi from but cry "no regulation" foul when it doesnt go your way and all implodes
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I'm not doing that. We dont have a free market even now. What I am saying is.. If you deregulate your still leaving regulations in place. Those regulations can create an inefficiency in the market if not balanced. So unless you want to go 100 percent free market, some new regulations are useful to counter balance the ones you wont remove.
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democraticly fostered laissez-faire capitalism... say it aint so.
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Only one problem. We dont have and havent in my lifetime had laissez faire capitalism. What your seeing is a failure of the degree of socialism we currently sit at.