Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?

Can the instinctive drive to satisfy exponential wealth ever be tamed.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?Robert Peston is an idiot. Anyone who does a program talking about the banking bailout as shallow as he did is not worth taking seriously. He is only touted as an "economics expert" because he is sprouting the drivel that the financial elite want him to. They are the ones who provide him the forums to spread his nonsense, so they can quietly fleece you.

How can someone commenting on this government bailout avoid asking the question surely everyone must have been thinking. That is: If the government have decided to use OUR money to bail out the banks then the banks are allowed to carry on their business as before. The government merely says we do not interfere in the way banks are run, then why the hell did we bail them out? Can I run up huge debts with a massively flawed business plan and have the government bail me out?

The whole bloody point is we don't want to be in this mess again so if OUR money is being used then I wish the government to tell banks how they should or should not be running things.

That's better it has been really annoying me. That and the stupid Robert Peston. Don't agree with a word he says.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Markets are driven by human greed and fear. What we need is little less greed and a bit more fear! Hopefully the current crisis will help to induce this.



I think it's only just been realised how important the banking system is to a modern economy. Maybe it's too important to be entrusted to private companies? The currency is controlled by the state, so maybe banking should be too (e.g. Northern Rock). I'm not a socialist by any means, but I do think a stable financial system is a Good Thing, and if it takes state ownership to achieve it, then I'm in favour.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?I managed to stay awake for about 10 minutes during the BBC Panorama programme re: the journalist: Robert Peston (yawn)...

... the comment, repeated (yawn) that the banks etc., could not foresee the banking crisis alerted me to the many aspects the media and experts have failed to report...

It was obvious in the 1980's the banks were not recouping losses and there was a looming crisis (see: source for documented evidence).



Robert Peston is making money now as if he is an economic guru.

Yet he fails to observe the trend that people have, are still trying to, borrow as if there is no tomorrow...



We have more than a crisis of confidence - many people are desperate for somewhere affordable to live, to get out of the rut caused by love of money (avarice) which is ruining so much...



I don't understand anyone who believes consuming more is the answer for the future. We have dwindling resources, and growing populations.

Therefore the future model has to be sustainable, and based on moderation, sharing and caring about fellow human beings and our ancient planet - which is, sadly, suffering from exploitation.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Hedgehog, state ownership of banks would create more problems than it solves, not to mention the fact that it would require seizure of private assets.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?Can the instinctive drive to satisfy exponential wealth ever be tamed?



I reckon it can yeah. The earth is finite...