Why do conservatives think that Greece’s economic crisis was caused by its so-called “socialism”?
Question by longhaired freaky person: Why do conservatives think that Greece’s economic crisis was caused by its so-called “socialism”? Yet they don’t believe that the U.S. economic crisis was caused by our capitalism? Really? Which US law directed financial institutions to loan money to people that could not pay it back? Damn those unions for financing all those sub-prime mortgages! lmao I’m saying capitalism is the problem. In the United States and Greece. About the myth of the CRA causing the crisis: http://krugman.blogs.nytimes.com/2009/11/10/armey-of-ignorance/ Best answer: Answer by Shovel ReadyThe economic contraction in the US was caused by government requirements that financial institutions lend money to people who would not be able to pay it back. The government in Greece also gave out too many freebies. What do you think? Answer below! More...


