American Capitalism Is Passed It's Peak, And The Signs Of Decline Are Piling Up

[skews13]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

 

[Scottish_Brexiteer_UK]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

OK. So what's the alternative?

There's absolutely nothing stopping you giving your smart phone/laptop (that you've just used to post that message) to a poor family, giving your house back to the bank in return for some magic beans and using the resources to build your own house, with your own hands, on your own land, growing your own vegetables and essentially living off the land being self-sufficient while the rest of us gets on with it.

I'd respect you for it. Practice what you preach and all that. I wish you luck.

 

[toobfreak]

The Signs Of Decline Are Piling Up

BOY, I'LL SAY

Joe Biden, declining America
for 49 years now and
counting.

 

[Oddball]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

Crony corporatism isn't laissez-fairfree market capitalism, Leon.

Oh yeah, economically illiterate agitprop from Alternut .

 

[Dekster]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

There are many problems with your premise. The biggest of which is that the distribution of currency and "wealth" are irrelevant to capitalism. Any alternative means there is little to no "wealth" because the state owns most or all of everything. There is no better system than capitalism when it comes to creating wealth as wealth exponentially decreases the more the government "owns".

 

[occupied]

Capitalism is becoming incompatible with democracy. China shows that capitalism does not require a free country to flourish. If Capitalism dies it will be over the dead body of every freedom we have.

 

[idb]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

There are many problems with your premise. The biggest of which is that the distribution of currency and "wealth" are irrelevant to capitalism. Any alternative means there is little to no "wealth" because the state owns most or all of everything. There is no better system than capitalism when it comes to creating wealth as wealth exponentially decreases the more the government "owns".

I think he's referring specifically to the US version of capitalism...not saying that capitalism itself is bad.

 

[Oddball]

Capitalism is becoming incompatible with democracy. China shows that capitalism does not require a free country to flourish. If Capitalism dies it will be over the dead body of every freedom we have.

China isn't capitalist, chunkhead.

 

[.oldschool]

 

[The Purge]

 

[Mac1958]

Capitalism is in decline because it has been badly misapplied.

It has been badly misapplied because many have been conned into thinking that controls damage capitalism, when the fact is that controls are a CRITICAL COMPONENT of capitalism.

The great irony here is that this ignorance has opened the door to what these people fear. This is a classic self-inflicted wound.

 

[Turtlesoup]

Capitalism is in decline because it has been badly misapplied.

It has been badly misapplied because many have been conned into thinking that controls damage capitalism, when the fact is that controls are a CRITICAL COMPONENT of capitalism.

The great irony here is that this ignorance has opened the door to what these people fear. This is a classic self-inflicted wound.

Capitalism is in declined because to much of the worlds trash to move in and encouraged to much of the US's trash to breed to many like themselves via WELFARE..which has lead us a large group of what the communists call useful idiots.....druggies/immoral short term thinkers jealous of what other earned thinking they are entitled to a free ride.

 

[Mac1958]

Capitalism is in decline because it has been badly misapplied.

It has been badly misapplied because many have been conned into thinking that controls damage capitalism, when the fact is that controls are a CRITICAL COMPONENT of capitalism.

The great irony here is that this ignorance has opened the door to what these people fear. This is a classic self-inflicted wound.

Capitalism is in declined because to much of the worlds trash to move in and encouraged to much of the US's trash to breed to many like themselves via WELFARE..which has lead us a large group of what the communists call useful idiots.....druggies/immoral short term thinkers jealous of what other earned thinking they are entitled to a free ride.

What is your education, training and background in economics and markets, specifically?

Just curious.

 

[Natural Citizen]

Keynesianism is a direct path to socialism. And eventually communism.

It's a gradual path. Takes about a hundred years for it t orun its course, from fruition to self-destriction. If we go all the way back to 1913 and look at the state of affairs now, I'd say we're right about there.

A lot of people say that socialism is doomed to failure.

But Keynesianism is designed to fail.

Think that through, folks.

And then take a long, hard look around at where we are.

 

[Natural Citizen]

I see so many people on here talk about economics and monetary policy who kind of place themselves on some pedestal as if their opinion is the be all, end all in debate or discussion on the topic. But very, very few of them have even a rudimentary grasp on economic theory or monetary policy. They've got a lot of people fooled, though. But that's just a reflection of how few in the country actually have the time to try to understand economic theory and monetary policy in a manner that would qualify them to challenge these intellectually dishonest minions of the Keynesian persuasion. So they just kind of take the words of these scoundrels as gold. It's crazy.

I find that the people who work in the fields that promote Keynesian economic policy tend to be the least aware and most ill-prepared to discuss either economic theory or monetary policy in any kind of elevated way, and are generally the most intellectually dishonest. But they're largely just paper pushing, yes sir, no sir types of opportunists who game the system while it's still kind of standing. So they don't really care if it's designed to fail. They're just interested in getting a few crumbs out of it before it does, then skating to go sit on some beach in some other country when it finally tanks. They don't care about kicking the can down the road. Not at all. They're part of the problem. Heck, the slimiest ones don't even have any loyalty to encouraging American prosperity because they don't even have America roots. They've no loyalty to this country. Not one bit.

And I've yet to run into a single one of em who knows what money actually is.

It's kind of funny. But it's human nature.

 

[georgephillip]

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress and promise. The declines and deaths, however, are often denied and usually feel difficult and depressing. Notwithstanding endlessly glib political speeches about bright futures, U.S. capitalism has reached and passed its peak. Like the British Empire after World War I, the trip now is painful.

Signs of decline accumulate. The last 40 years of slow economic growth have seen the top 10 percent take nearly all of it. The other 90 percent suffered constricted real wage growth that drove them to borrow massively (for homes, cars, credit cards, and college expenses). Their creditors were, of course, mostly that same 10 percent. College costs rose as graduates' prospects for good jobs and incomes fell. Those without college degrees faced worse prospects. Inequalities of wealth and income soared. To protect their positions atop those inequalities, the 10 percent increased their donation-fueled sway over politics and culture. Compliant politicians then reinforced the deepening inequalities of wealth and income in that typical spiral of systems in decline.

American capitalism has passed its peak — and the signs of decline are piling up

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system's trip differ. Births and evolutions are commonly experienced as positive, celebrated for their progress...

www.alternet.org

The last forty years have revealed how effectively capitalism has been in rolling back the New Deal which was responsible for creating the US middle class.

What we are seeing today is Capitalism's default position: a thin crust of parasites at the top of the economy supported by a small fraction of professionals and politicians with a growing majority of working poor and long term unemployed falling further and further behind.

There is an alternative:

Socialist economics - Wikipedia

"Socialists generally aim to achieve greater equality in decision-making and economic affairs, grant workers greater control of the means of production and their workplace and to eliminate exploitation by directing the surplus value to employees.

"Free access to the means of subsistence is a requisite for liberty because it ensures that all work is voluntary and no class or individual has the power to coerce others into performing alienating work."