All economic systems end, including capitalism

[JustLurk]

Also, there is no need to "rein in profits". Only to criminalize certain actions as opposed to fines.

Hey! No putting words in my mouth.

Edit: Not a lot of people oppose pure capitalism. Anarchists are a possible exception. On the other hand, there is no such thing as pure capitalism on a large scale. Due to human nature and corruption, it is currently pretty much impossible to have "pure" capitalism on a large scale. Corruption, use/abuse of political power systems, oligarchies in certain countries, international price fixing, and various other pieces of s*it has rendered the system of international "capitalism" far from actual capitalism.

The "capitalism" they oppose is not true capitalism, but the capitalism the world has thrust upon them. This "capitalism" f*cking stinks.

It's like opposing communism, using the examples of the "communist" governments of China and USSR. Of course, just like theoretical capitalism != actual capitalism, theoretical communism != actual communism.

You can extol the virtues of pure capitalism all you want. Show us where it exists in large scale first.

 

[r0cky]

+1

It's really irritating. I think someone already wrote this but it bears repeating; It's like me claiming that the fall of the USSR proves that Communism doesn't work, when they were not even close to true Communism.

So you're saying that communism does work?

In that case any economic system can work as long as it is not applied by emotional beings.

Which means that we should come with a system that isnt really a system.helping.

 

[JustLurk]

I personally think you shouldn't be defending a theory to people complaining about what it turned out to be in practice. Unless you have a way to fix the "capitalist" system it should not be coddled.

The fall of the USSR did actually illustrate a flaw of the theory of communism, mainly how people abuse the system to seize illicit power, just like the capitalist system.

 

[Alle_Gory]

You'd have to define "work" in order for me to answer that question. It's like when people say that the US can still "win" in Afghanistan and Iraq. What is a "win"?

This is a win: http://www.huffingtonpost.com/huff-...ages/e9ca6825-c351-4a40-b4df-cd86d8575a66.jpg

Look they have a banner and everything.

 

[PeterSiddle]

Yes,I am with you,"Cry for Love".There are always two sides of every Incidence and I think you are just considering one side of the picture while ignoring the other side...
Do consider both...
Personal Training St Kilda

 

[r0cky]

You'd have to define "work" in order for me to answer that question. It's like when people say that the US can still "win" in Afghanistan and Iraq. What is a "win"?

BTW, how's that protest going? Still camped out in that park? :crackup:

By work I mean that it succesfully accomplishes its goal. A classless and stateless society structured upon common ownership of the means of production by all the people.

I think all systems can TEMPORARILY work. But the human ego always wants more. Once the system is proven to work, they always try to tweak it to make things easier or better. However, this is also our downfall. The US was doing extremely well in the middle of the century under capitalism, until Reagan came in and we essentially stopped paying the national debt.

 

[Alle_Gory]

The national debt has been on an ever increasing trend ever since the Great Depression. That is not to be laid at the feet of any administration. That is to be lain at the feet of a Fiat dollar.

To an extent. Mostly because you can just print more money. Spent all your money? Fire up the presses.

With something like gold, you would be more careful with it because it's not like you can create it out of thin air.

If all debts were paid, there would be no money in existence.

Uhhh... deffinetly not. You can always print more funny money and devaulate your current debt. The inflation would reduce that trillion dollar debt to nothing. Zimbabwe style. I think they had a 100 trillion dollar bill at one point because of the inflation.

The other reason it would not work is because no two people are equal in abilities. Some deserve more than others, and if you give the same no matter what, people will shirk their duties.

The system is fine as it is. On paper it works. In reality there is much corruption and people aren't held responsible for their actions. If they were, everything would be better.

 

[Alle_Gory]

Show me one way in the US that money is created without debt attached to it (or anywhere for that matter).

Bailouts. That money was created without debt behind it, it was free money to "stimulate" the economy.

Some of it was structured as a loan with ridiculous payback terms and the rest simply dissapeared into various businesses and has been hard to track. Realistically, it was free money.

 

[r0cky]

Thank you guys, this discussion has given me more proof that human's hunger for progress is also its biggest demise. I think that only when all of humanity wakes up to this fact, we will be able to implement a system that prioritzes living the moment over looking to the future (which is the base of our hunger for progress).

 

[Warrior74]

All economic systems end, including capitalism, no...

barter seems to be alive and well.

http://www.switched.com/2010/07/21/teen-barters-old-cell-phone-on-craigslist-to-eventually-land-a-p/