Buyout Not Bailout

The continuing bailout of Wall Street would mean the loss of something far greater than money, jobs, and corporations, it is the loss of what America prides and defines itself, the loss capitalism.[1]

America prides itself in being a capitalistic nation. Capitalism, according to the New Oxford American Dictionary, is an economic and political system in which a country's trade and industry are controlled by PRIVATE owners for profit, rather than by the STATE.

As a corollary to this, while PRIVATE owners strive for profit, they also hold the risk for loss, and must take on the consequences of that risk. Risk is the name of the game. Risk may mean success or failure. With that risk, the reward of profit, or the failure of loss. Wall Street is trying to change the rules of the game where risk ALWAYS equates to success. Wall Street took the risk, they must take on the consequences of that risk, and right now, that consequence is failure and loss.

Rather than having bureaucrats and corporations set the value of the companies, why not let the market decide their value? Why not allow for the market to BUYOUT Wall Street, rather than America having to BAILOUT Wall Street? That would allow for the market to set its price, rather than arbitrarily being set by Paulson and his cohorts. It would allow the "financial crisis" to cure itself, rather than the STATE trying to fix the symptom. Having the STATE BAILOUT Wall Street kills the the core of capitalism, it is no longer a PRIVATE loss, it becomes a STATE loss. Hence it becomes the taxpayers loss.

A buyout, although risky, would be a fair greater gain for capitalism in the long run.

[1] Granted, America, nor any other nation in the world holds completely to free market capitalism, although until recently, America leaned far more free market. But its true colors are showing, private profits and socialized losses, which is NOT free market capitalism.