Is Capitalism Dieing?

[petros]

Answer. It already died.

Are we stupid enought to try it for a 4th time in 100 years or less?

What is next?

Borrow more from the communists or join them?

 

[L Gilbert]

lol Capitalism dead? Is this a dream of yours?
In case you haven't noticed it, some twisted version of capitalism is what got the world into a mess in the first place and a few countries are trying to use capitalism to get rid of the mess.

 

[petros]

Why does capitalism crap out every 25-30 years? Does that sound like a system that works to you?

 

[Avro]

Why does capitalism crap out every 25-30 years? Does that sound like a system that works to you?

Better than communism or socialism.

 

[petros]

Why is the US so far into debt with the commies then?

 

[L Gilbert]

Why does capitalism crap out every 25-30 years? Does that sound like a system that works to you?

You said it was dead, not crapping out every 2 or 3 decades. I corrected you. It is alive and kicking.

 

[Cannuck]

We don't live in a capitalist society. We live in a corporatist one.

FrontPage Magazine

I like this...

"Fannie Mae, the government agency which raises money for mortgage loans in the private capital markets. This agency has deliberately been spinning out loans to sub-par borrowers who are doomed to default on them. It has become a major prop holding up real-estate prices, and is thus a key culprit in the ongoing mortgage bubble. Conservatives accept it on the grounds that home ownership makes people more conservative. But this may not be true forever if private ownership of housing becomes a public entitlement. This is part of an ongoing phenomenon that corporatism helps to drive: the erosion of the determination of political preferences by the ownership of property.3"

Consider that it was written over six years ago.

 

[L Gilbert]

Why is the US so far into debt with the commies then?

Because they have one helluva twisted sense of capitalism.

 

[L Gilbert]

We don't live in a capitalist society. We live in a corporatist one.

FrontPage Magazine

an economic system based on private ownership of capital

wordnet.princeton.edu/perl/webwn

 

[Cannuck]

I think people are well aware of what capitalism is. To call what we have today "capitalism" is an oversimplification.

 

[petros]

If capaitalism worked it wouldn't be taking loans from commies or using public money get out of trouble. Non dead economic systems don't require loans or bails out 4 times a century. I too could live forever with a new heart and lungs every 25 years if someone paid for it.

 

[Said1]

Why is the US so far into debt with the commies then?

The Chinese? They're really not communists, they're state-capitalists. Some would argue that they've made the transition, but I don't really know.

 

[L Gilbert]

If capaitalism worked it wouldn't be taking loans from commies or using public money get out of trouble. Non dead economic systems don't require loans or bails out 4 times a century. I too could live forever with a new heart and lungs every 25 years if someone paid for it.

lol and if communism worked, China wouldn't be capitalizing on capitalism.

 

[petros]

How do you call debt capital?

 

[EagleSmack]

Wow... you are getting tooled today Professor Crumb

 

[lone wolf]

how do you call debt capital?

DEBt? (freakin' thing won't let me capitalize it all)

 

[L Gilbert]

How do you call debt capital?

Who?
The US has lots of capital .... $400 hammers and the like. It owns a big white house at 1600 Pennsylvania, too.

People get loans based on their capital. No-one ever told you that?

Anyway, debt is not capital. One can be in debt and have capital but the two are not synonymous.

 

[petros]

What capital? 74% of US economy is consumption. That's not an asset nor can it be self sustaining. Ever.

 

[lone wolf]

What capital? 74% of US economy is consumption. That's not an asset.

It is to the seller....

 

[L Gilbert]

No. A hammer is an asset. A house is an asset. consumption is an activity, not a thing.