Capitalism sounds good in theory. Unfortunately there's too many wealthy and powerful willing to sell their soul, and sell out their country to make or save a buck. This is why Capitalism in it's current state is a disaster.
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Why Capitalism is a total failure in the U.S.
- Thread starter lighnintrade
- Start date
Quote from lighnintrade:
Capitalism sounds good in theory. Unfortunately there's too many wealthy and powerful willing to sell their soul, and sell out their country to make or save a buck. This is why Capitalism is a disaster.
capitalism is only a disaster when govt is allowed to intrude on free markets.
free markets dont exist for the sole fact that they work and they would make a select few actually have to work for their money rather than acquire it through bribes or theft
Quote from lighnintrade:
And where do you think we would be right now without trillions of dollars in spending by the government?
Out of debt, out of military bases around the world, out of a housing mess from all the subsidies poured into housing, out of the war on drugs (aks war on american freedoms), out of the business of giving governments like China and North Korea free oil and gifts, out of propping up failing schools, out of making university tuition rise higher than inflation, out of lowering the standard of living due to inefficiencies of government, out of lowering the standard of living for our children as a result of handing them a massive credit card bill to pay.
That's just off the top of my head
You can easily go visit places that have less capitalism than the US. Try taking a visit to Cuba, its nice this time of year. Find out just how great their medical care there really is (for the average person and not a cash paying rich tourist) and don't forget to charge your batteries on your laptop, power goes out often.......
Quote from Robert Weinstein:
Out of debt, out of military bases around the world, out of a housing mess from all the subsidies poured into housing, out of the war on drugs (aks war on american freedoms), out of the business of giving governments like China and North Korea free oil and gifts, out of propping up failing schools, out of making university tuition rise higher than inflation, out of lowering the standard of living due to inefficiencies of government, out of lowering the standard of living for our children as a result of handing them a massive credit card bill to pay.
That's just off the top of my head
You can easily go visit places that have less capitalism than the US. Try taking a visit to Cuba, its nice this time of year. Find out just how great their medical care there really is (for the average person and not a cash paying rich tourist) and don't forget to charge your batteries on your laptop, power goes out often.......
All that money spent is what's allowing people to have jobs right now, otherwise 9% unemployment would look like a joke. It would be more like 30%. The standard of living is being propped up, it would otherwise be considerably worse.
Capitalism is a philosophy, not an economic system. Philosophy is not a failure, it is just philosophy.
Learn the difference because you sound a bit perplexed...
Capitalism was never purely implemented anywhere in the world. All you have is bastardized systems: others have more capitalism and less socialism and others more socialism and less capitalism.
Socialism is one of the economic systems based on the philosophy of communism, which is the opposite of capitalism.
The best implementation of capitalism is a free market economy with 0% income tax, flat consumption tax, welfare and medicare only for the terminally ill or trully in need, free education only for the exceptionally smart and nothing, no service for free except security.
Learn the difference because you sound a bit perplexed...
Capitalism was never purely implemented anywhere in the world. All you have is bastardized systems: others have more capitalism and less socialism and others more socialism and less capitalism.
Socialism is one of the economic systems based on the philosophy of communism, which is the opposite of capitalism.
The best implementation of capitalism is a free market economy with 0% income tax, flat consumption tax, welfare and medicare only for the terminally ill or trully in need, free education only for the exceptionally smart and nothing, no service for free except security.
Quote from intradaybill:
Capitalism is a philosophy, not an economic system. Philosophy is not a failure, it is just philosophy.
Learn the difference because you sound a bit perplexed...
Capitalism was never purely implemented anywhere in the world. All you have is bastardized systems: others have more capitalism and less socialism and others more socialism and less capitalism.
Socialism is one of the economic systems based on the philosophy of communism, which is the opposite of capitalism.
The best implementation of capitalism is a free market economy with 0% income tax, flat consumption tax, welfare and medicare only for the terminally ill or trully in need, free education only for the exceptionally smart and nothing, no service for free except security.
From the wiki: " Capitalism is an economic system that became dominant in the Western world following the demise of feudalism.[1] There is no consensus on the precise definition nor on how the term should be used as a historical category.[2] There is general agreement that elements of capitalism include private ownership of the means of production, creation of goods or services for profit or income, the accumulation of capital, competitive markets, voluntary exchange, and wage labor.[3][4] The designation is applied to a variety of historical cases, varying in time, geography, politics and culture.[5]
Economists, political economists and historians have taken different perspectives on the analysis of capitalism. Economists usually emphasize the degree that government does not have control over markets (laissez faire), and on property rights.[6][7] Most political economists emphasize private property, power relations, wage labour, class and emphasize capitalism as a unique historical formation.[8] Capitalism is generally viewed as encouraging economic growth.[9] The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy, and many states have what are termed mixed economies.[8]
Capitalism gradually spread throughout Europe, and in the 19th and 20th centuries, it provided the main means of industrialization throughout much of the world."
That's about the gist of it. You can argue semantics and make up B/S all you want.
We DON'T HAVE free market Capitalism here in America, so your argument is flawed from the start.Quote from lighnintrade:
Capitalism sounds good in theory. Unfortunately there's too many wealthy and powerful willing to sell their soul, and sell out their country to make or save a buck. This is why Capitalism in it's current state is a disaster.
We have a Corpotocracy transitioning into Fascism - now you can start over with your discussion from that starting point - thank you.
Free markets Capitalism would never need to be a part of this disaster -
According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly frompage 131 of the GAO audit reportâ¦.
Citigroup â $2.513 trillion
Morgan Stanley â $2.041 trillion
Merrill Lynch â $1.949 trillion
Bank of America â $1.344 trillion
Barclays PLC â $868 billion
Bear Sterns â $853 billion
Goldman Sachs â $814 billion
Royal Bank of Scotland â $541 billion
JP Morgan Chase â $391 billion
Deutsche Bank â $354 billion
UBS â $287 billion
Credit Suisse â $262 billion
Lehman Brothers â $183 billion
Bank of Scotland â $181 billion
BNP Paribas â $175 billion
Wells Fargo â $159 billion
Dexia â $159 billion
Wachovia â $142 billion
Dresdner Bank â $135 billion
Societe Generale â $124 billion
âAll Other Borrowersâ â $2.639 trillion
Thanks a lot obama & geithner central banker puppets - what a disaster.
According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly frompage 131 of the GAO audit reportâ¦.
Citigroup â $2.513 trillion
Morgan Stanley â $2.041 trillion
Merrill Lynch â $1.949 trillion
Bank of America â $1.344 trillion
Barclays PLC â $868 billion
Bear Sterns â $853 billion
Goldman Sachs â $814 billion
Royal Bank of Scotland â $541 billion
JP Morgan Chase â $391 billion
Deutsche Bank â $354 billion
UBS â $287 billion
Credit Suisse â $262 billion
Lehman Brothers â $183 billion
Bank of Scotland â $181 billion
BNP Paribas â $175 billion
Wells Fargo â $159 billion
Dexia â $159 billion
Wachovia â $142 billion
Dresdner Bank â $135 billion
Societe Generale â $124 billion
âAll Other Borrowersâ â $2.639 trillion
Thanks a lot obama & geithner central banker puppets - what a disaster.
No it's not you moronQuote from lighnintrade:
Capitalism sounds good in theory. Unfortunately there's too many wealthy and powerful willing to sell their soul, and sell out their country to make or save a buck. This is why Capitalism in it's current state is a disaster.
Head over to Europe or Cuba, or the Soviet union. Be sure not to take your iPhone, PC, heart transplant, true personal freedom, bathroom products, movies and television shows, entrepreneurs and the internet with you... because every single one of these things came from American capitalism and fee government.
Also don't bother replying, I won't care to read your response, you should be reading mine.
Quote from tenthousandmen:
No it's not you moron
Head over to Europe or Cuba, or the Soviet union. Be sure not to take your iPhone, PC, heart transplant, true personal freedom, bathroom products, movies and television shows, entrepreneurs and the internet with you... because every single one of these things came from American capitalism and fee government.
Also don't bother replying, I won't care to read your response, you should be reading mine.
So what you're saying is the U.S. standard of living looks great. That's nice, but what would it look like without trillions of dollars injected into the economy by the U.S. government every year? (Money which they borrowed without the income to support it.) The answer of course is Cuba or the Soviet Union. Moron yourself.