by Darrin A Yarbrough

Created on: March 16, 2009

In short, the answer to this question should be yes, this does not mean there should not be repercussions for the financial destruction wrought at the hands of Corporate Executives whose careless actions caused the financial collapse of the system, however, the time for repercussions is after the country is stabilized. One of the most significant failures of the great depression in the 1930's and 1940's was the choice to let the financial institutions fail. The second major mistake was to let the currency reserves become dangerously low.

While this may seem counterintuitive, the country needs these institutions to remain functional in order to recover from the recent financial disaster. Once we have recovered, then there should be some strict parameters and guidelines put in place that holds these significantly powerful institutions (and their leadership) accountable for major fallout affecting the entire populace.

Many people believe capitalism is the most successful form of free government the currently exists however, in a free market system money eventually flows to one place. The end result being less than one percent of the population holds more wealth than the other ninety-nine percent combined. Once this happens, the end result is the loss of the middle class with only the rich and the poor.

If we are seriously interested in having history avoid repeating itself, there must be a mechanism of checks and balances that prevents this flow of financial wealth to such a significant few. We have learned from history that no one person should have too much power. That is why we have a government built with checks and balances. We have not learned this yet for wealth. There is no limit to how wealthy a single person (or institution) can become.

This is not to suggest that it should not be allowed to be wealthy however being "wealthy" is not obscenely wealthy, incredibly wealthy, really wealthy, or just plain wealthy. At some point, collecting too much wealth keeps significant portions of currency and commodities from freely circulating. We have seen the economy does not do well without the buying and selling of commodities.

Without a system of checks and balances that impartially protects and insures a significant portion of the middle class is sustained, the system becomes imbalanced preventing reasonable cross sections of the populace from surviving comfortably. Once this reaches crisis proportions, significant portions of the populace will revolt from the discomfort

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