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re: My feeling on capitalism
Posted on 3/27/14 at 7:36 am to SpidermanTUba
Posted on 3/27/14 at 7:36 am to SpidermanTUba
Much bullshite exists in this thread. Capitalism is a fine economic system that values initiative and allows for almost unlimited growth and class mobility. Laissez Faire Capitalism which some of you think of as great though is an unmitigated disaster. Do anti-government types really want to return to 19th Century Government. Check your history before you speak. Greed is not good for an economy or business. Sorry Jordan Gecko was an idiotic character. Much of our current problem arises from the Greed of the uber rich and business deciding to take short term profits over the long term approach. Socialism is not a bad word and a combination of Capitalism and Socialism is probably best.
5
Posted on 3/27/14 at 7:45 am to Tackle74
quote:
Much bull shite exists in this thread. Capitalism is a fine economic system that values initiative and allows for almost unlimited growth and class mobility. Laissez Faire Capitalism which some of you think of as great though is an unmitigated disaster. Do anti-government types really want to return to 19th Century Government. Check your history before you speak. Greed is not good for an economy or business. Sorry Jordan Gecko was an idiotic character. Much of our current problem arises from the Greed of the uber rich and business deciding to take short term profits over the long term approach. Socialism is not a bad word and a combination of Capitalism and Socialism is probably best.
The worst greed of all is Government greed. If men can not plan their own economic path (which you just said is an unmitigated disaster your words) then how can they possibly plan the economic path of others? Especially when political incentive comes to play.
Posted on 3/27/14 at 7:51 am to Tackle74
quote:
Do anti-government types really want to return to 19th Century Government. Check your history before you speak.
Regulation always attempts to create a system that will prevent corruption, yet always ultimately enables it. Every time there is a Madoff, the state clamors for more control. Apparently, Utopia is regulatory capture for the 1% and prison for everyone else...but at least we are cared for.
Posted on 3/27/14 at 8:13 am to Tackle74
quote:
Laissez Faire Capitalism which some of you think of as great though is an unmitigated disaster.
We haven't had any laissez faire capitalism. Our economy is more regulated now than at any other time in our history.
Posted on 3/27/14 at 8:55 am to Tackle74
who is Gordon Jecko?
Posted on 3/27/14 at 8:56 am to Tackle74
socialism is a very bad word.
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