Is Capitalism on the brink of collapse
Discussion
BeeRoad said:
Most definitely yes.
It's about to be replaced with the infinitely superior and tried and tested alternative of. . . . . . . err. . . .?
its a new model of distributed risk where businesses take the risk and associated profit if successful. When they fail, taxpayers cover the losses. Everyones a winner.It's about to be replaced with the infinitely superior and tried and tested alternative of. . . . . . . err. . . .?
Oh dear, now we have to agree a defintion of "Capitalism" before we can debate.
Prediction, we won't be able to agree a definition.
Eta, sorry OP I should have paid more attention to your post.
So, what is "the model that's been in use since 1930"?
My definition of Capitalism would be, a free market in goods and services using whatever means of exchange is acceptable to seller and buyer, with no other having any input to the transaction.
Prediction, we won't be able to agree a definition.
Eta, sorry OP I should have paid more attention to your post.
So, what is "the model that's been in use since 1930"?
My definition of Capitalism would be, a free market in goods and services using whatever means of exchange is acceptable to seller and buyer, with no other having any input to the transaction.
Edited by WhoseGeneration on Thursday 2nd December 20:06
Capitalism is alive and well! It's the best reflection of human nature and, as such, is set for a long future.
However, as others have implied above, the main question relates to effective regulation of the "greed" aspect. We simply cannot have a system where bankers pay themselves generously for being "clever" and then go on paying themselves generously after they've utterly failed at what they were supposed to be doing. Capitalism without "downside risk" is doomed to political failure.
However, as others have implied above, the main question relates to effective regulation of the "greed" aspect. We simply cannot have a system where bankers pay themselves generously for being "clever" and then go on paying themselves generously after they've utterly failed at what they were supposed to be doing. Capitalism without "downside risk" is doomed to political failure.
Ozzie Osmond said:
Capitalism is alive and well! It's the best reflection of human nature and, as such, is set for a long future.
However, as others have implied above, the main question relates to effective regulation of the "greed" aspect. We simply cannot have a system where bankers pay themselves generously for being "clever" and then go on paying themselves generously after they've utterly failed at what they were supposed to be doing. Capitalism without "downside risk" is doomed to political failure.
So, you're saying, you want "human nature" which, presumably, includes "greed"?However, as others have implied above, the main question relates to effective regulation of the "greed" aspect. We simply cannot have a system where bankers pay themselves generously for being "clever" and then go on paying themselves generously after they've utterly failed at what they were supposed to be doing. Capitalism without "downside risk" is doomed to political failure.
Then want to regulate the "greed"?
Or, you're suggesting we don't have Capitalism?
Which is it?
crankedup said:
Or at least the model that's been in use since 1930.
Not at all, why?Happens all the time, debts are written off and away we go....... Some institutions will fail, some will be propped up by the Govts.
Bear in mind that things like promissory notes and bills of exchange have been around for more than a thousand years.
scorp said:
WhoseGeneration said:
So, you're saying, you want "human nature" which, presumably, includes "greed"?
Then want to regulate the "greed"?
Or, you're suggesting we don't have Capitalism?
Which is it?
I think we can all agree people having monopolies is a bad thing, hence the regulation.Then want to regulate the "greed"?
Or, you're suggesting we don't have Capitalism?
Which is it?
So, no, I don't agree.
br d said:
Jimbeaux said:
br d said:
"I'm 37, that's not old."
That is relative to when you are scheduled to die; just saying.Talk about the nanny state.
Like Logan's sodding Run it is.
Yes, if Capitalism dies and we gravitate to a state-run socialist system, then yes, a Logan's Run scenario is very likely in our or our next generation's future. 
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