Capitalism has failed. Period

maxthedog

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Apr 13, 2009
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1,078
This thread is getting spasticated.

Does anybody here seriously believe that western europe and America will not be capitalist in 5,10 even 20 years time?

Anyone?
First we would have to seperate European and US capitalism.

Europe is capitalist state with a social consience, while America has little interest in welfare for the less well off.

Has capitalism failed in the U.S.? To me the answer is a resounding yes. The monetary system of America has collapsed and the treasury are printing trillions of dollars to keep it on life support. ergo it has failed.

Will it be the same in 5 years? yes.

Will it be the same in 20 years? No .
The debt they are amassing will have to be paid. We are witnessing the end of something, that many believed would exist for ever. Just like the fall of the Berlin wall, its now the U.S. turn for change. They still call it capitalism, but no-way will it be the same.
I expect super taxes for the rich. Something that would be heresy in the America of old.While the middle class will become more stationary,less of the upward mobile and more of the what we have, we live within.

Pensions will become a thing of the past and all of us will work untill we drop.
but it could be more a 30 hour week. less income more employed.

So thats my cyrstal ball,
 


Cael

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Joined
Jun 19, 2006
Messages
13,304
This thread is getting spasticated.

Does anybody here seriously believe that western europe and America will not be capitalist in 5,10 even 20 years time?

Anyone?

Not in 20 years time anyway. The capitalist system might get out of this crash by creating another bubble, but the following crash will so great that there will be no return.
 

hopi watcher

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Joined
Jan 2, 2008
Messages
1,000
This thread is getting spasticated.

Does anybody here seriously believe that western europe and America will not be capitalist in 5,10 even 20 years time?

Anyone?
Inequallity cannot be allowed to continue. Obama's health plan is a clear indication to all who are watching that state intervention is necessary to control greed. The outfall from doing nothing could well be catatrophic for all concerned.
 

sandar

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Joined
May 26, 2007
Messages
1,831
First we would have to seperate European and US capitalism.

Europe is capitalist state with a social consience, while America has little interest in welfare for the less well off.

Has capitalism failed in the U.S.? To me the answer is a resounding yes. The monetary system of America has collapsed and the treasury are printing trillions of dollars to keep it on life support. ergo it has failed.

Will it be the same in 5 years? yes.

Will it be the same in 20 years? No .
The debt they are amassing will have to be paid. We are witnessing the end of something, that many believed would exist for ever. Just like the fall of the Berlin wall, its now the U.S. turn for change. They still call it capitalism, but no-way will it be the same.
I expect super taxes for the rich. Something that would be heresy in the America of old.While the middle class will become more stationary,less of the upward mobile and more of the what we have, we live within.

Pensions will become a thing of the past and all of us will work untill we drop.
but it could be more a 30 hour week. less income more employed.

So thats my cyrstal ball,
actually controlling the money supply is at the very heart of capitalism. What we have seen in America is an unhelasthy strain of capitalism, which we can ewscape from, if we dont escape from it, america will revert to the unhealthy brand of capitalism, whjich is a million miles form adam smith, and will be ther, but progressively less dominant as a world player in the face of the emerging cap[italist economies of india and brazil, and hopefully china.
 

AustrianEconomics

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Joined
Sep 27, 2010
Messages
1
We have not had true Capitalism for 100 years so how can it have failed?

We have a near communist style system but with many features of a fascist system. (these Big Government types will borrow ideas from anywhere to stay in power). USSR collapsed through the rouble dilution due to printing money to finance the Afghan occupation. It was further undermined because no travel was allowed or private ownership. This time around the same banks who funded Stalin are behind the EU and the World Economy. Capitalism is Free Markets, Limited Government (managing only protection of our borders, policing the streets and running the Legal System) and Sound Money backed by commodities not a fiat paper standard. We have a Crony Corporatist system (Congressman Ron paul has plenty of YouTube clips on this.
'Capital' is created when people underconsume and save, remember like your grandparents did? Thats green, smart and self regulating. When the Central Bank controls the cost of money via low interest rates it sends the signal that there is lots of real savings on deposit. People borrow cant repay. The result in the mid and long term is the malinvestment fails and a recession ensues. Printing more paper money or generating fake 'Bank Credit' (see Money as debt film on YouTube) is not creating anything except devaluation of our currency i.e. inflation. Inflation is a hidden tax diluting the money so Governments can repay debt they would otherwise struggle to do. It gets stolen from your banks savings, pensions, ISAs etc. Prices dont rise, it just takes more of the fake paper to buy goods and services due to Government counterfeiting. America for instance has no money. The Federal Reserve simply prints what ever they want and because the dollar is the world reserve currency the inflation gets exported to those who accept the dollar. China is holding vast dollar deposits and cant sell them or the dollar will collapse. China keeps lending America back dollars so Americans can keep buying their goods - how nuts is that?! Would you run down the street handing out £10 notes telling people to come and buy from you? No, but thats the way the world works. The bill is handed to the tax paper via taxes and inflation, to pay other countries to buy off us so certain Crony Corporatists survive. Now you see that most top companies are not run but smart business people, but by people handing out bribes to stay in business and getting the tax payer to fund it all. The only way to cut off the supply to these blood suckers is to vote for candidates who will abolish income tax. This may be a hard decision but our entire freedom is at stake and the Goverment does not own the fruits of your labour - you do. `if not you are a partial slave benefiting only the Financial elite and those on benefits.
 


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