And yet, the BoA article clearly indicates what's happening in the real world!<quoted text>Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.
In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.
In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.
Have you heard? JPM is now being investigated by the SEC for the same mortgage fraud!
Seems to me capitalism is at work again!