Is Capitalism Doomed? How to Fix It?

Will Developed-World Capitalism Thrive without Major Structural Changes

  • Yes

    Votes: 9 47.4%

  • No

    Votes: 10 52.6%
  • Total voters
    19
Quote from shbhanda:




I believe the solution actually lies in bringing more countries into the consumer age and thereby creating a much larger base to build our houses of cards.

?
More...

That is what countries like Germany are rooting for in IMF using SDRs.

There is another solution: increase immigration to western countries to increase consumption and tax receipts. Average joe does not understand that immigration can actually be a great thing for a country, particularly already educated immigration--- it is a steal.
 
Quote from trefoil:

Misthos is right about this, first of all. From the POV of abstract economics, you need the Feds to run a deficit when times are as bad as they are now.
Secondly, a political reality: Clinton having handed Bush a surplus and having watched it get pissed away for quite literally nothing, no Dem is ever going to do that again.
It will take an epic crisis to get the Federal budget back into surplus again, as a result, since the Dems aren't ever going to allow themselves to get burned again, and we already know what the Reps will do.
So, regardless of whether the economics calls for it, there will be deficits, for as far as the eye can see.
More...

The republican congress caused the specious surplus... not clinton. Clinton would have been a one term liberal loser if he did not move to the right. Dick Morris has explained that dozens of times.
 
Capitalism wont last in a democratic society

Capitalism eventually leads to an imbalance between the rich and the poor.The poor in return will vote for people who who will take from the rich and give to the poor.

The game will play out a little while longer,but as the number of poor grows and the middle class disappears,and it will with minorities soon outnumbering whites,democrats will be the dominate party and put an end to capitalism as we know it
 
The Luddites were right. An agrarian society can just muddle along. An industrial society must continue to expand to keep industry viable.
Similar to a Ponzi scheme.
Expand or fail>
 
If all the fat is trimmed in the G7, there is nothing for low-cost labor in the developing world to do, as there is no point in building things that can't be bought.
 
Corporatism is the main enemy of capitalism.

After decades of mergers and mergers, loose monetary policy, inflation, reckless government spending we are left with multiple cross industries oligopolies.

In order to save capitalism we need to break up monopolies and establish a sound monetary policy.
 
Quote from jem:

The republican congress caused the specious surplus... not clinton. Clinton would have been a one term liberal loser if he did not move to the right. Dick Morris has explained that dozens of times.
More...

I'm sure that could be debated, but really, who cares?
Does it change the fact that Bush pissed it all away?
Does it change, at all, the very simple fact that once the Reps had both houses and the Presidency, they spent like mad?
And if that's the case, what, exactly, would the Dems gain by trying to cut spending when they have power? So they could hand the Reps another surplus and then watch as they spend it all?
We all know who the real losers are in this. It ain't the politicians.

To repeat, as this is economics we're talking about, at this moment, right now, it's OK to run a deficit. What everyone is concerned about, really, is that when the moment is over, we'll still be running one. And that will be true regardless of which party has its hands on the levers of power.
 
You must log in or register to reply here.
Back
Top