And just when was this golden age of capitalism when it existed in this untwisted pristine perfection you allude to? :smile:
Is Capitalism Dieing?
- Thread starter petros
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And just when was this golden age of capitalism when it existed in this untwisted pristine perfection you allude to? :smile:
For it to work the sellers have to be the consumers. That is why there is unrepayable foreign debt and trade deficits. 64% of your GDP being debt is no good.
Capitalism is getting a make over, like all things we use them and they from time to time need some make up. Nothing stays the same, the old school method of making money today in many cases do not work. People’s expectation changed to the point where instant gratification became the norm. Easy come easy go is a bad way to approach a persons financial wellbeing. Today we see the real corrections needed; whereby deflating many sectors of all babbles and start with a clean surface it may prove to be the magic pill.
Magic pills to cure capitalism? Why hasn't Iggy suggested this? It dosn't need a magic pill it needs a plain old ordinary bullet.
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World Depression: Regional Wars and the Decline of the US Empire ( 5)
http://axisoflogic.com/artman/publish/printer_29962.shtmljavascript:void(0) By James Petras. Axis of Logic.
Axis of Logic
Thursday, Mar 26, 2009
Introduction
All the idols of capitalism over the past three decades crashed. The assumptions and presumptions, paradigm and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed. We are living the end of an entire epoch: Experts everywhere witness the collapse of the US and world financial system, the absence of credit for trade and the lack of financing for investment. A world depression, in which upward of a quarter of the world’s labor force will be unemployed, is looming. The biggest decline in trade in recent world history – down 40% year to year – defines the future. The imminent bankruptcies of the biggest manufacturing companies in the capitalist world haunt Western political leaders. The ‘market’ as a mechanism for allocating resources and the government of the US as the ‘leader’ of the global economy have been discredited. (Financial Times, March 9, 2009) All the assumptions about ‘self-stabilizing markets’ are demonstrably false and outmoded. The rejection of public intervention in the market and the advocacy of supply-side economics have been discredited even in the eyes of their practitioners. Even official circles recognize that ‘inequality of income’ contributed to the onset of the economic crash and should be corrected. Planning, public ownership, nationalization are on the agenda while socialist alternatives have become almost respectable.
Read this capitalist pig dog monkey people loosers.
World Depression: Regional Wars and the Decline of the US Empire ( 5)
http://axisoflogic.com/artman/publish/printer_29962.shtmljavascript:void(0) By James Petras. Axis of Logic.
Axis of Logic
Thursday, Mar 26, 2009
Introduction
All the idols of capitalism over the past three decades crashed. The assumptions and presumptions, paradigm and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed. We are living the end of an entire epoch: Experts everywhere witness the collapse of the US and world financial system, the absence of credit for trade and the lack of financing for investment. A world depression, in which upward of a quarter of the world’s labor force will be unemployed, is looming. The biggest decline in trade in recent world history – down 40% year to year – defines the future. The imminent bankruptcies of the biggest manufacturing companies in the capitalist world haunt Western political leaders. The ‘market’ as a mechanism for allocating resources and the government of the US as the ‘leader’ of the global economy have been discredited. (Financial Times, March 9, 2009) All the assumptions about ‘self-stabilizing markets’ are demonstrably false and outmoded. The rejection of public intervention in the market and the advocacy of supply-side economics have been discredited even in the eyes of their practitioners. Even official circles recognize that ‘inequality of income’ contributed to the onset of the economic crash and should be corrected. Planning, public ownership, nationalization are on the agenda while socialist alternatives have become almost respectable.
Read this capitalist pig dog monkey people loosers.
When the Chicago Exchange dies at the end of crop year that's when we'll find out exactly what people are capable of doing to acquire a half rotten onion.
It hasn't any more than some perfect model of communism or socialism. Something about life you may notice sometime, Beav, is that there will always be a few dorks that will warp and twist a system no matter how many good intentions there are for having a system.
Capitalism dieing? Did it ever live? probably the closest thing to a capitalist society was Hong Kong, with a flat income tax rate of 15% for those above a certain income bracket at one point (I don't know about now), yet even it had various rules and regulations, and minimal services for the needy.
And of course teh same applies in reverse. The PRC was likely the closest thing to a pure communist state after the cultural revolution, yet even it still had some private enterprise.
Personally, I think neither system could survive in its purest form. The problem is that while capitalism is the best way to produce wealth, that wealth is not always justly distributed owing to the economic hegemony of excessively powerful companies over time, some of which may form conglomerates or monopolies; and while socialism is teh most efficient means of redistributing wealth more evenly, it also unsustainable in its more extreme forms. I think the ideal is a more capitalist-leaning system with a socialist streak, or what some might refer to as social democracy.
And of course teh same applies in reverse. The PRC was likely the closest thing to a pure communist state after the cultural revolution, yet even it still had some private enterprise.
Personally, I think neither system could survive in its purest form. The problem is that while capitalism is the best way to produce wealth, that wealth is not always justly distributed owing to the economic hegemony of excessively powerful companies over time, some of which may form conglomerates or monopolies; and while socialism is teh most efficient means of redistributing wealth more evenly, it also unsustainable in its more extreme forms. I think the ideal is a more capitalist-leaning system with a socialist streak, or what some might refer to as social democracy.
Good luck with that.
Capitalism and corporatism always morph as it sees fit because a few people that twist them are always trying to convince people that when they (as in the aforementioned people twisting systems) do bad things, it is good. And they are extremely adept at this practise and have many resources to tap into to perform this practise. These days, I think they create disastrous issues in order to perpetuate their activites.
It's all about how you define wealth. To most of people the planet being rich is a handful of rice, a fish and a mango and the knowledge you can peacefully aquire that again the next day without busting your ass for it and not being shot at by foreigners who stole your ancestoral lands.
It certainly is looking like a very bad year. I have a hundred feet of onions and five hundred of potatoes and pig chickens and soon fish and ammunition for my flamethrower.
I noticed that some time in high school Lester. What you say I believe, no argument there. The dorks got to go.
Lots of people say things like "capitalism is the best way to produce wealth" with no definition and skewed perspective. If we substitute extract for produce we have a true picture. Capitalism produces nothing, labour produces everything. Why can people not get this into their heads?
lmao So you want to be one of the few that overturn every rock on the planet to find these scurrilous creatures? Good luck with your task. They breed you know. They also are good at converting others.