Eulogy to Laissez-faire Capitalism.

Oh, Laissez-faire Capitalism, how we will miss your pureness of economic virtue. We so loved your ideology. A seemingly perfect model of economic heaven that promised we can all be wealthy with hard work and personal responsibility. But in the end personal responsibility was your fatal flaw. As we find ourselves in this economic cluster fuck, can we admit that the lack of responsibility is was what killed Laissez-faire Capitalism. I doubt it, it was somebody else's fault. Really, it was every ones fault. People bought homes they could not afford. Banks gave loans to people that could not afford them. Hedge fund manages bundled and bought these loans destine to default. To top it off our largest insurance company insured these shady loans that would not be repaid. Where is the responsibility? If Laissez-faire Capitalism was alive and well today the answer would be "Fuck you, you fucked up, figure it out on your own". We must lay to rest this myth of personal responsibility. The denizens of the economy need oversight for are financial markets. Other wise we just end up fucking the whole thing up. Yes, regulation will stifle economic growth but it wont stop growth. What good is wild economic growth if it is just an inflated bubble that bursts into a recession? We must change the model. We are assuming that the players in the markets will act in the best interest of the markets. Instead we should assume the opposite. Markets must be regulated because the individuals participating in the market will only act in there own best interest. Good bye, Laissez-faire Capitalism, your principals will be missed.