Capitalism. We have Social Security, which is a pension system and we have Medicaid/Medicare for very low income or disabled people to help with medical bills. We’ll undoubtedly move more towards a European socialist system now, and those of us who voted for Obama were hoping for a pretty huge shift in that direction, but he’s already going back on some of those things.

But all of the Western world and most of the Eastern world is capitalist, there’s just varying degrees of Socialism in each country. The key is finding the right mix, and Rand’s worldview doesn’t actually support Socialism at all.

And yeah, like I said in my first post in here the ever-growing greed of the very wealthy basically caused the problems. And the greed of the middle and lower clbumes caused them to borrow too much money – money which would have been denied to them when lending regulations were stricter.