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

[Kevin_Kennedy]

[youtube]Lf8fmego1Cw[/youtube]

 

[xÞx]

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

 

[Thinman]

Capitalism is the solution.

Maybe this should have been a poll.

 

[Kevin_Kennedy]

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

What unbridled capitalism are you referring to? Our Federal Reserve regulated economy suddenly constitutes unbridled capitalism?

 

[Paulie]

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

What unbridled capitalism are you referring to? Our Federal Reserve regulated economy suddenly constitutes unbridled capitalism?

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

 

[PLYMCO_PILGRIM]

[youtube]Lf8fmego1Cw[/youtube]

I say its neither.

the government is the cause, keeping the government away and reducing its role is the solution.

 

[Kevin_Kennedy]

[youtube]Lf8fmego1Cw[/youtube]

I say its neither.

the government is the cause, keeping the government away and reducing its role is the solution.

Keeping the government away sounds like an argument for free market capitalism.

 

[Paulie]

Unbridled capitalism is the problem

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.

 

[xÞx]

[youtube]Lf8fmego1Cw[/youtube]

I say its neither.

the government is the cause, keeping the government away and reducing its role is the solution.

Keeping the government away sounds like an argument for free market capitalism.

Who needs anti-trust laws, food safety laws, OSHA, labor laws, or a paycheck anyway, right?

 

[xÞx]

Unbridled capitalism is the problem

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.

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

 

[Kevin_Kennedy]

I say its neither.

the government is the cause, keeping the government away and reducing its role is the solution.

Keeping the government away sounds like an argument for free market capitalism.

Who needs anti-trust laws, food safety laws, OSHA, labor laws, or a paycheck anyway, right?

You mean on the free market we wouldn't get paid for our work! Goodness!

Of course there is that little problem that if that were true nobody would work, so I'm guessing you're just making things up now.

 

[Kevin_Kennedy]

Unbridled capitalism is the problem

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.

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

Yeah we wouldn't want to have any machines increasing productivity and freeing up resources for other industries now would we?

 

[xÞx]

Keeping the government away sounds like an argument for free market capitalism.

Who needs anti-trust laws, food safety laws, OSHA, labor laws, or a paycheck anyway, right?

You mean on the free market we wouldn't get paid for our work! Goodness!

Of course there is that little problem that if that were true nobody would work, so I'm guessing you're just making things up now.

You'd work for whatever you got payed whenever you got payed for it. Or you'd starve. That is, unless, you wish to form a representative body (government) and take action to remove or force the hand of your oppressor.

 

[xÞx]

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.

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

Yeah we wouldn't want to have any machines increasing productivity and freeing up resources for other industries now would we?

Double-edged word. What good do those industries do you when you have no job or money?

 

[Paulie]

Unbridled capitalism is the problem

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.

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

If I lose my job to a machine, that was the free market at work. Part of what I do for a living has already been improved by a certain machine, and I happen to love it. It makes my job much easier.

Part of capitalism, which relies on profit, is to improve a business's margin by any legal means.

I don't like that companies ship jobs overseas anymore than you, believe me. But to think the free market alone is the number one culprit is the epitome of naivete.

 

[Kevin_Kennedy]

Who needs anti-trust laws, food safety laws, OSHA, labor laws, or a paycheck anyway, right?

You mean on the free market we wouldn't get paid for our work! Goodness!

Of course there is that little problem that if that were true nobody would work, so I'm guessing you're just making things up now.

You'd work for whatever you got payed whenever you got payed for it. Or you'd starve. That is, unless, you wish to form a representative body (government) and take action to remove or force the hand of your oppressor.

Yes, I would certainly work to be payed an agreed upon amount between my employer and I, or I'd find somewhere else to work of course.

 

[Kevin_Kennedy]

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

Yeah we wouldn't want to have any machines increasing productivity and freeing up resources for other industries now would we?

Double-edged word. What good do those industries do you when you have no job or money?

So then getting rid of all machines in all businesses would enrich us, correct? Maybe we should mandate that people work with one arm tied behind their back? That would make work even harder thus enriching us further!

 

[xÞx]

Part of capitalism, which relies on profit, is to improve a business's margin by any legal means.

Not free-market capitalism. Those laws you allude to are legislation which limit capitalism in the interest of protecting the good of the masses. A truly free market has no laws, only whatever ethos emerges from personal dealings.

 

[xÞx]

You mean on the free market we wouldn't get paid for our work! Goodness!

Of course there is that little problem that if that were true nobody would work, so I'm guessing you're just making things up now.

You'd work for whatever you got payed whenever you got payed for it. Or you'd starve. That is, unless, you wish to form a representative body (government) and take action to remove or force the hand of your oppressor.

Yes, I would certainly work to be payed an agreed upon amount between my employer and I, or I'd find somewhere else to work of course.

Clearly, you fail to grasp the concept of a monopoly. Ask a librarian for a history book and a dictionary.

 

[xÞx]

Yeah we wouldn't want to have any machines increasing productivity and freeing up resources for other industries now would we?

Double-edged word. What good do those industries do you when you have no job or money?

So then getting rid of all machines in all businesses would enrich us, correct? Maybe we should mandate that people work with one arm tied behind their back? That would make work even harder thus enriching us further!

Nice evasion. Your concession and admission of your inability to rebut is noted.