The End of Capitalism

Discussion in 'Politics' started by Grismonda, Oct 20, 2008.

  1. Grismonda
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    Grismonda BANNED

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    Recent events in the USA indicate that the type of Capitalism practiced there in the last few years has ended. The idea of little or no regulations, that the market will look after the economy, that greed is good and prosperity will trickle down to the poor have all proved to be wrong.

    The USA government has nationalizes several companies, forced others to merge and wanting one of its most powerful banks to be propped up by a Communist Chinese sovereign wealth fund.

    It has introduce regulations to the banking and insurance companies. It has banned such functions as future trading and now is preparing to take all the debts of these companies to avoid recession.

    Surely if this is not a socialist solution it does mean the end of the unrestrained capitalist solution and a movement towards a mixed economy.
     
  2. dilloduck
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    dilloduck Diamond Member

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    Agreed--a mixed economy heading quickly toward socialism.
    Mediocre is so blah. Do you think Americans have a clue what this means to them personally ?
     
  3. Toro
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    Toro Diamond Member

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    The US economy already is a mixed economy. To portray the US economy as anything else is flat out wrong. The US government accounts for a third of the US economy, close to its highest levels ever. That is below average relative to other similar economies.

    This is not a failure of American capitalism. It is a failure of the American financial system, particularly how it is regulated. It is correct to say that rules which were either stripped away, not enforced, changed or blocked contributed to this mess. Financial firms are unstable and should be regulated and well capitalized. Wall Street firms that were not well capitalized nor regulated no longer exist, and those that remain exist only because of government fiat.

    However, this is also failure of government policy, since the primary source of the current instability is the Federal Reserve, which is controlled and regulated by the US government, with all of its voting members appointed by the government.
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    Meanwhile ironically, China is trying a first with a communist government but a capitalist economy.

    We live in some interesting times to say the least.
     
  5. Grismonda
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    Grismonda BANNED

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    Robert, China is a communist country....politically, that is... She enjoys the fruits of capitalism by creating "free trade zones". One could reasonably argue China is more socialist than anything else...but the bottom line, is China is freer with trade (at least) and more socialistic than the Soviet Union was.
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The financial crisis was incorrectly blamed on the free market, and now we get even more regulation shoved down our throats.
     
  7. Modbert
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    Modbert Daydream Believer Supporting Member

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    Well I know that China was already a communist country. However in recent years, they have become more of a capitalist economy.

    I said it will be interesting to see how it plays out because this is a first in history.

    You might want to reread my post and look it over again.
     
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  8. Modbert
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    Modbert Daydream Believer Supporting Member

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    Of course, meanwhile the poor/middle class can't get student loans for college but the rich can still go.

    In the past eight years, we've seem to taken steps back in many ways 50 years or so.
     
  9. Grismonda
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    Grismonda BANNED

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    China seems to be more capitalist...and you are right, but technically she will be communist and probably for some time. Is she moving in the right direction? Yes, actually China is moving toward capitalism by stopping at socialism. Ironically the USA is moving toward socialism...because the "capitalism and greed" do not mix. Take the greed out of capitalism and you have a fine political structure. Those fat cats in Washington ruined it for all of us. That they are Repbubican or Democrat matters not.
     
  10. Zoomie1980
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    Zoomie1980 Senior Member

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    China is a classic FASCIST state, not communist or capitalist.
     

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