But it is also clear that left entirely untouched by public policy, the capitalist system will produce more inequality than is socially healthy or than is necessary for maximum efficiency.
Barney FrankThe most active people in the country know different things, and because each one tends to hear mostly and deal mostly with people with whom they agree, they are reinforced not simply in the conviction that they are right, which is totally appropriate, but that they are the majority. So you have both sides, the Left and the Right, thinking that the majority of the country is really with them.
Barney FrankToday, many people take for granted the notion that people whose lives are going to be very heavily affected by public policies should have a say in how they are formulated and carried out.
Barney FrankIn the West everybody recognizes the need for a private sector, pretty much, even the one Socialist group understands this now, and so there tends to be debate about how much public sector intervention you think is needed for a variety of reasons, and there are very important differences on party lines that should be fought out.
Barney FrankTrying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have to put some public money into it or you have to do other things that are politically unpopular. From the macroeconomic standpoint there is overwhelming need to help people reduce what they owe so that we don't get the foreclosures and we don't get people kicked out of their homes. On the other hand, there is great resistance politically to helping people, not all of whom would be worth recipients of the help.
Barney Frank