Is Capitalism Working?

[rugatika]

Capitalism works wherever it's tried.

Socialism fails wherever it's tried.

Hybrid systems fail slower.

Enjoy the decline.

[Fur]

Originally Posted by rugatika

Capitalism works wherever it's tried.

Socialism fails wherever it's tried.

Hybrid systems fail slower.

Enjoy the decline.

Good summary lol

[qwert]

Originally Posted by rugatika

Capitalism works wherever it's tried.

Socialism fails wherever it's tried.

Hybrid systems fail slower.

Enjoy the decline.

Rebutal @

http://www.paulcraigroberts.org/2017...ed-capitalism/

Capitalism's profits are largely illusory, as current accounting does not consider significant external costs which are socialized.

[ReconWilly]

Woodrow knows what happened.

[altex]

Originally Posted by huntinstuff

Its our fault

When the company decided to make cereal box contents smaller, it was an experiment to see if we would still buy it. And we accepted it and kept buying.

When they designed your fridge/stove/washer etc to croak after 5-7 yrs, it was an experiment. And we accepted it and kept buying.

The water soaked chicken, overly fat bacon, tasteless bananas. Same crap. And we accepted it and kept buying.

New Coke. The 80's lead balloon. People started saying "rum and Pepsi"....and like magic, Coke Classic was born.

When people start doing something about it things usually change. Problem now is, many citizens are now just mindless consumers, spending $ they dont have on sh...t they dont need. Willing to go into debt just to have what they are told to buy........

It wont correct itself. Its too far gone. Nothing will change because you will never convince enough of these zombie like consumers to make a stand.

Its a lot like trying to get a consensus here. Good luck. Guys cant even decide whether or not u can shoot a handgun on private property ��

So True

[Okotokian]

Shipping jobs off shore is pure and perfect capitalism. Produce in the lowest cost environment, sell in the highest price environment.

If you don't like that, then you are going to have to have some sort of government intervention. Donald Trump won on promising government intervention in the Capitalist system.

[dodger]

Originally Posted by Okotokian

Shipping jobs off shore is pure and perfect capitalism. Produce in the lowest cost environment, sell in the highest price environment.

If you don't like that, then you are going to have to have some sort of government intervention. Donald Trump won on promising government intervention in the Capitalist system.

Haha. How true is this !!
Dodger

[cardshark]

https://www.youtube.com/watch?v=Bx5Sc3vWefE

[ESOXangler]

Originally Posted by Okotokian

Shipping jobs off shore is pure and perfect capitalism. Produce in the lowest cost environment, sell in the highest price environment.

If you don't like that, then you are going to have to have some sort of government intervention. Donald Trump won on promising government intervention in the Capitalist system.

Bang on!

[Newview01]

Originally Posted by Okotokian

Shipping jobs off shore is pure and perfect capitalism. Produce in the lowest cost environment, sell in the highest price environment.

If you don't like that, then you are going to have to have some sort of government intervention. Donald Trump won on promising government intervention in the Capitalist system.

Yes, this is true. But is a government imposing tariffs on foreign goods anti-capitalism? I would think it is more protectionist than interventionist, and theoretically it shouldn't affect the model of capitalism. It would mean that the lowest cost producing environment moves from i.e. China, back to the U.S. Or does true capitalism rely on global free trade?