Why Capitalism is Doomed

[TakeAStepBack]

Capitalism is DOOMED!

We don't have capitalism.

Oh, so what! I'm using a broader definition.

OK.......

 

[Si modo]

Capitalism is DOOMED!

We don't have capitalism.

Oh, so what! I'm using a broader definition.

OK.......

Concise thread summary.

When failing, redefine.

 

[Dragon]

Change the humans! Make them conform....same as it ever was....

Not what this is about. Capitalism is doomed BECAUSE of human nature, and because it can no longer provide prosperity for most people.

And, you have no foundation for that claim.

Yes, I do. If you read the linked article, you would know that. You might disagree with my reasoning, but to claim that I don't even have any shows that you haven't bothered to explore it.

 

[Dragon]

You can choose to trade in currency, in goods, or in bullets. It's clear your interests lie in bullets, Mandates, Prisons, and Mass Graves.

What's clear is that you have read nothing in this thread except its title. Please read the linked article and don't post anything else here until you do.

That goes for the rest of you, too.

I do realize that asking people to actually THINK is not customary here at USMB, but it would be good for you. Trust me on this.

 

[Si modo]

Not what this is about. Capitalism is doomed BECAUSE of human nature, and because it can no longer provide prosperity for most people.

And, you have no foundation for that claim.

Yes, I do. If you read the linked article, you would know that. You might disagree with my reasoning, but to claim that I don't even have any shows that you haven't bothered to explore it.

No 'if' about it.

And, you still have no foundation for that claim.

But you do have contempt prior to investigation.

Double fail.

 

[Si modo]

You can choose to trade in currency, in goods, or in bullets. It's clear your interests lie in bullets, Mandates, Prisons, and Mass Graves.

What's clear is that you have read nothing in this thread except its title. Please read the linked article and don't post anything else here until you do.

That goes for the rest of you, too.

Still the authoritarian at heart, I see.

 

[TakeAStepBack]

I think the OP is just trying to score hits to his blog article.

 

[TakeAStepBack]

You can choose to trade in currency, in goods, or in bullets. It's clear your interests lie in bullets, Mandates, Prisons, and Mass Graves.

What's clear is that you have read nothing in this thread except its title. Please read the linked article and don't post anything else here until you do.

That goes for the rest of you, too.

Still the authoritarian at heart, I see.

 

[Dragon]

And, you still have no foundation for that claim.

Why?

 

[Dragon]

Still the authoritarian at heart, I see.

I did ask nicely. I didn't even threaten to turn you into a toad. See, I can be reasonable.

 

[Si modo]

Still the authoritarian at heart, I see.

I did ask nicely. I didn't even threaten to turn you into a toad. See, I can be reasonable.

(Personally, I love toads.)

 

[Oddball]

The system seemed to break down in the Great Depression, but it proved fixable by some moderate reforms: government regulations on business and encouragement of labor unions. The golden age of capitalism in America was in the decades after World War II, when high demand for labor coupled with strong unions kept wages high and climbing along with productivity. The rich got richer. So did the non-rich. Rising standards of living for almost everyone kept the people happy with the bargain. Capitalism, with proper controls, worked.

That wasn't capitalism.

Meh. I'm using a broader definition than you are. By your more restricted definition, capitalism failed a long time ago and has disappeared and will never come back. What I'm saying here is that even liberal capitalism is doomed.

No, you're making shit up as you go along....That's how the intellectually bankrupt operate.

What's failing is the fraudulent "third way" soft socialism, which you're trying to peddle as capitalism.

 

[Baruch Menachem]

BM: Read the linked article, please. Or at least the part I cut and pasted here. Yes, in the past, capitalism has delivered; even when it failed, it was possible to patch the failure and have a modified system that worked.

But the sine qua non of that success is high demand for labor. Capitalism works only when just about everyone has a job. What happens when the jobs go away, or become so low-paying that capitalism no longer delivers? That's the situation we're in now, and it's a new development emerging from technology that didn't exist in the old days, so the failure of capitalism is NEW, and the past is no guide.

As for what should replace it, that's a separate question. I think we can agree that the system Kruschev presided over wasn't better. But something will have to replace capitalism. Exactly what, remains to be seen.

You have a weird idea that jobs will go away. The economy works on ever higher levels of specialization. Adam Smith's famous division of labor. Every advance in technology creates jobs. Jobs aren't going away.

 

[pinqy]

The basic problem with your ideas that I see is that

the unwritten agreement was that the people would allow an economic system in which a few privileged and powerful individuals controlled most of the wealth, in return for their managing it so as to create rising standards of living for most people.

and

"Capitalism is an economic system characterized by private ownership of the means of production and the defining of ownership of goods by who owns the capital that is used to produce the goods."

are not the same thing, and you seem to think they are. You seem to be confusing capitalism with aspects of feudalism.

The concentration of Capital...its distripution...is irrelvant to capitalism. The theories equally cover a few individuals owning everything and the majority of the population owning a diffuse amount of capital. The results and practical applications will be different of course, but it's all Capitalism as long as ownership of the means of production is private.

 

[Amelia]

If there aren't enough jobs which pay enough to feed families then the people whose families are hungry will revolt. If the new economy creates super technical jobs which aren't accessible to people of ordinary ability, then again the people who have no jobs and whose families are suffering will revolt.

 

[Amelia]

You have a weird idea that jobs will go away. The economy works on ever higher levels of specialization. Adam Smith's famous division of labor. Every advance in technology creates jobs. Jobs aren't going away.

Just because we have managed to create new jobs every generation before, that doesn't mean we will manage to create enough now so that all can feed their families through their own labor.

It is theoretically possible that with our current level of mechanization we are nearing a profound limit.

Maybe there will be new layers of jobs in the service sector, for an example that my puny mind can come up with, but do these jobs come with a living wage?

The current trends are pretty scary.

 

[California Girl]

I think the OP is just trying to score hits to his blog article.

I concur.

 

[California Girl]

You can choose to trade in currency, in goods, or in bullets. It's clear your interests lie in bullets, Mandates, Prisons, and Mass Graves.

What's clear is that you have read nothing in this thread except its title. Please read the linked article and don't post anything else here until you do.

That goes for the rest of you, too.

I do realize that asking people to actually THINK is not customary here at USMB, but it would be good for you. Trust me on this.

 

[whitehall]

The education system seems to be doomed when people come up with truly ignorant opinions about capitalism. Didn't you see what happened to the Soviet Socialist paradise? China is moving towards capitalism while ignorant American victims of sub-standard union based education are whining about "the rich and powerful". Here's a thought, when I see left wing socialists demonstrate against the rich and powerful Hollywood celebs and rock stars who flaunt their obscene wealth I'll know they are serious. Until then they are just stupid kids who ain't got a clue about the freedom of the greatest Country in the world that they take for granted.

 

[Liberty]

Dragon, another economic illiterate retard still can't decipher between corporatism and capitalism. Typical moron.