"World leaders are set to declare an end to unfettered capitalism at a G20 summit"

That's the beginning of the first sentance in this article, and quite honestly it scares me. Nations' are banding together to try to solve a financial disaster by increasing regulation. You may think that this sounds good, but ask yourself this: what are the simplist components that the causes of this recession can be reduced to? The answer is regulation and risk.

The regulation I refer to is the requirement that lenders had to give a large number (>50%) of their loans to low-income individuals (you know, "sub-prime mortgages," sound familiar?); though the socialists may not want to admit it, their use of the government to try to help the poor played a large part in this crisis (and screwed over a lot of those poor in the end). The part that risk played is obvious, and this is what the governments will try to regulate away. The problem here is that risk is inherit in capitalism.

Successful businesses in a capitalist system (and the other systems haven't exactly worked all that well) have to take risk. Eliminate the possibility of this and you stunt growth. Sure those risks eventually lead to recession, but that's something that comes with capitalism. Socialism may weaken the effects of recessions, but that's just it puts the economy so close to the bottom there's no where to fall. Don't believe me? Take a look at all the (major) nations with more socialist governments than ours (you know, the ones screaming for us to accept their plans); who is worse off before a recession? Them. Who is worse off during a recession? Them. Who is worse off after a recession? Them. Which side do you want to be on?