Is capitalism obselete?

Discussion in 'Economy' started by DavidS, Feb 22, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Perhaps if we look to the other European countries, such as Britan, Sweden, France and so on, perhaps it's time to consider their methods of partial-nationalization of our banking industry to prevent another Great Depression. We've seen what a lack of regulation can do to our economy... if the government controlled the decisions of the businesses that are critical to our economy, perhaps the whole idea recessions and depressions will become obselete.

    What do you think?
     
  2. wimpy77
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    wimpy77 Member

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    go to yahoo or cnbc and read looks like the government is going to put a 40% stake in citi
     
  3. xsited1
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    xsited1 Agent P

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    You want us to look at countries with higher unemployment, lower productivity and more government control? Do you remember why people left Europe to come to the New World in the first place?

    Regardless, the US will become like a European country in short-order simply because the government has gotten too big and intrusive. We've reached critical mass and we can't go back.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    that's not nationalization. The gov't would have to own more than 50% of the corporation for it be government owned.
     
  5. DavidS
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    DavidS Anti-Tea Party Member

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    Too big and intrusive??

    Who created this mess in the first place??
     
  6. Agnapostate
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    Agnapostate BANNED

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    European countries are still capitalist countries, David; it's simply a distinction between the liberal democratic and the social democratic. That being said, I'm willing to part with the anarchist "establishment" and concede that social democracy is preferable to its liberal democratic variant in the U.S.

    I'll be openly dubious of that, inasmuch as your claims about the inherent failure of social democracy are not supported by viable empirical evidence, as primarily indicated by Heading et al.'s Is There a Trade-Off Between Economic Efficiency and a Generous Welfare State? A Comparison of Best Cases of `The Three Worlds of Welfare Capitalism’ Consider the abstract:

    Hence, though I have long acknowledged that social democracy is incapable of ending the business cycle or certain other deleterious effects of capitalism, it does tend to minimize or neutralize other negative consequences while not sacrificing economic efficiency while doing so.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    Silly question
     
  8. Agnapostate
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    Agnapostate BANNED

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    I agree. It implies that capitalism was functional at one point.
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The federal government and the Federal Reserve.
     
  10. editec
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    editec Mr. Forgot-it-All

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    If we are to believe the plan as currently structured

    Those banks which are too big to fail, will be saved.

    The government will take on their toxic debts, thus putting them back on line to lend money.

    The, again, if we are to believe their hopes will come true, the government will sell off its shares of the banks and restructure the toxic debts to be less toxic, when the market is prepared to buy them.

    This is, as I recall the basic model they used when the Saving and Loan swindle happened.

    The Resolution Trust took over banks that were failing, propped them up, and sold off their real estate that was under water as the market recovered.

    Will it work this time?

    I am not in a position to know.
     

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