No, that's actually not a subjective observation, but a statement of fact... Deficiencies of capitalism are well known in economics, just like deficiencies of democracy are known in politics. This isn't to say that there are superior alternatives, but one musty be aware of the imperfections.Quote from achilles28:
That's what Bankers and Government say.... But they reap huge benefits from fiat money, don't they? Are you sure Scat wasn't right?
It's certainly the best and the healthiest model we have experienced so far. However, yet again, that doesn't mean that it's perfect and it's those imperfections that need to be addressed somehow.Quote from Scataphagos:
It's not a matter of whether "capitalism is/isn't perfect". Capitalism is the best and HEALTHIEST economic model.... self-policing, self-correcting, rewarding those who work hard/smart.... and self-limiting of government's excessive spending.
Quote from Martinghoul:
It's certainly the best and the healthiest model we have experienced so far. However, yet again, that doesn't mean that it's perfect and it's those imperfections that need to be addressed somehow.
Who says micromanage? Everything in life is good in moderation... Overregulated, micromanaged capitalism doesn't work, but neither does fully unfettered, unregulated capitalism. The trick, as usual, is to find just the right mix.Quote from MKTrader:
But a bunch of guys trying to micromanage a huge, complex system and really messing it up is somehow perfect...
+1000Quote from Scataphagos:
It's not a matter of whether "capitalism is/isn't perfect". Capitalism is the best and HEALTHIEST economic model.... self-policing, self-correcting, rewarding those who work hard/smart.... and self-limiting of government's excessive spending. America was a GREAT country.. primarily because of the individual protections of the Constitution and Bill of Rights + Capitalistic economic model.
We've degraded significantly since we started to abandon those principles... ie, Teddy Roosevelt's beginning of the Progressive party in 1906, and Woodrow Wilson giving us the Federal Reserve in 1913.
Both of those assholes are on my "Worst Presidents" list... along with George W. Bush and Odumbo.... others too, of course. (Surprisingly to some ETers, I'm sure... Clinton is NOT on the worst list.)
Quote from Martinghoul:
Deficiencies of capitalism are well known in economics, just like deficiencies of democracy are known in politics. This isn't to say that there are superior alternatives, but one musty be aware of the imperfections.
Two main categories:Quote from achilles28:
Would you kindly enlighten us as to what the deficiencies in capitalism are, and cite some examples?
I dig up a few. Pls bear w/me.Quote from achilles28:
Sure, lets talk about it. Coles notes?
Quote from Martinghoul:
Two main categories:
1) Provision of public goods, aka issues that have to do with negative externalities
Quote from Martinghoul:
2) Monopoly issues
Quote from Martinghoul:
I dig up a few. Pls bear w/me.