Errr...maybe...but at least for housing, capitalism tanked the U.S. and much of the World's economies. Now, they did have some help in local zoning law changes, government sponsored loan buying agencies. However, it was Wall Street that figured out how to securitize packages of loans and sell them out to the rest of the world. They happened to find ready helpers in the loan rating agencies, which are part of private enterprise.
And let's not forget the American People, those paradigms of capitalist virtue who flipped houses, took out the equity of their existing houses, got second mortgages, bought houses they could ill-afford but were too stupid to realize it because it would have required they read the loan agreements they were signing.
There were the private construction companies building McMansions right and left. Private banks all too willing to finance those puffs of capitalist buoyancy. Private real estate agents willing to sell anything to anyone knowing many couldn't possibly afford it.
And there was the wall between the commercial and investment banks that came tumbling down because the bankers promised to be real good and modern banking required there be free private enterprise, well, golly, everywhere.
So let's not get all teary eyed over capitalism and housing.
Oh, and for profit colleges are raping returning servicemen and women blind offering anything to get them to sign on the dotted line. And health care is already privatized. You can tell because if you are unemployed and cannot afford it, you are shit out of luck. That's what capitalism does, it puts a price on everything. And if you cannot afford, you don't get it. Tell that to the fellow who paid his taxes for years until he had no job to pay them with because he got laid off at 50 and no private company will touch him with a ten foot pole.
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