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The Oxford Debate
Daniel Hannan opens by saying that the bailouts were a crime that will one day be seen as a generational offence. He highlights that he, along with 3 other elected politicians, was the only one opposed to the bailouts along with 87% of the British Public. It's wrong to clobber the little guy in order to reward the corporates.
He says that he is opposed because the occupy Wall Street crowd were occupying the wrong place. He says there is a world of difference between being pro business and pro market.
He challenges 3 propositions; The Idea that we are living through a failure of capitalism, the banking collapse was caused by a lack of regulation and the idea that we're in this financial mess because of our greed.
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