Is Capitalism the Cause or the Solution to the Financial Crisis?

Discussion in 'Economy' started by Kevin_Kennedy, Oct 21, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    [youtube]Lf8fmego1Cw[/youtube]
     
  2. xÞx
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    Unbridled capitalism is the problem

    capitalism must be restrained if the masses aren't to be bent over by the big corporations

    capitalism cannot sustain itself without borrowing from socialistic thought and idealism
     
  3. Thinman
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    Thinman Active Member

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    Capitalism is the solution.

    Maybe this should have been a poll.
     
  4. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    What unbridled capitalism are you referring to? Our Federal Reserve regulated economy suddenly constitutes unbridled capitalism?
     
  5. Paulie
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    Paulie Platinum Member

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    No one that's without the ability to think outside the box is ever going to understand that correlation, Kev. Sad as it is.
     
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  6. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I say its neither.

    the government is the cause, keeping the government away and reducing its role is the solution.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Keeping the government away sounds like an argument for free market capitalism. ;)
     
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  8. Paulie
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    Paulie Platinum Member

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    Ever since I educated myself on economics and the markets, capitalism (be it unbridled or whatever else) has never caused me a problem.

    In fact, my first 7 months of ever investing in securities has seen a growth in my initial portfolio by almost 200%.

    It's not the capitalism that's the problem. It's the lackadaisical and apathetic attitude of the majority of the everyday average people who are counted on to maintain the system.

    Even without perfectly symmetrical information, one can still profit in capitalism. Unbridled, or otherwise. A great example is the smart people sold their houses when they realized the spike was too high to be sustained, and the dumb thought the spike would last forever. If there were enough smart people to counteract the dumb ones, there wouldn't have been NEARLY as many houses even SOLD during that boom period, and we'd have almost been guaranteed simply a normal period of true growth without an overloaded inventory of overvalued homes that were bought.

    Well, as true as growth can be when your currency is still manipulated by a select few powerful bankers.
     
    Last edited: Oct 21, 2009
  9. xÞx
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    xÞx BANNED

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    Who needs anti-trust laws, food safety laws, OSHA, labor laws, or a paycheck anyway, right?
     
  10. xÞx
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    When you lose your job to a machine or a chinaman, get back to me with your views on true freemarket capitalism.

    Also, let's repeal all the laws the unions fought for
     

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