the failure of capitalism

[Mayhem]

as we more or less overtook another thread with this topic, i thought maybe this deserves it´s own thread

some links to get you started:

http://en.wikipedia.org/wiki/A_Failure_of_Capitalism

http://www.psychologytoday.com/blog/...-has-failed-us

http://www.ru.org/economics/capitali...e-failure.html

what´s your view on the topic?

edit: few? jesus fuck, why haven´t someone told me until page 7?

[Deleted]

Pure Capitalism doesn't work. Pure Socialism doesn't work. A mix works. That is my simplified view on the matter.

[Heathy]

all in all I have no qualms with the ability to strive for ultimate financial success, but the system which relies on unlimited growth is doomed to fail eventually.

[shimerra]

An asinine assertion written only by the most idiotic of persons with a child like understanding of reality and economics. Is there something better than capitalism? Probably.

People mistake disparity as an inherently bad thing. Sure income gaps are wider than they were in the middle ages. The king was also shitting in a bucket and often died before 30 back then too.

[Mayhem]

An asinine assertion written only by the most idiotic of persons with a child like understanding of reality and economics. Is there something better than capitalism? Probably.

People mistake disparity as an inherently bad thing. Sure income gaps are wider than they were in the middle ages. The king was also shitting in a bucket and often died before 30 back then too.

richard posner has a child like understanding of reality and economics? what?

[Dezerte]

Capitalism is inhumane, but needed to a certain extent. Maybe one day we can thrive without Capitalism but that will be far far into the future.

[Mayhem]

Capitalism is inhumane, but needed to a certain extent. Maybe one day we can thrive without Capitalism but that will be far far into the future.

i´m with you on that, though the failures of capitalism should be corrected as fast as possible

[Deleted]

Pure capitalism is pretty bad, but currently we live in a mix of socialist/capitalist society. So far so good- cant recall when was the last time it was this peaceful in the western world with this much QoL. Things arent perfect but its repairable.

[Arlon]

Capitalism needs shackles to make sure our finite resources won´t go to waste. We also need socialistic policies to make sure we have a healthy lower class population and other improvements that raise the quality of life for the general population. It´s not so much as failure of capitalism, but people expecting unicorns and rainbows out of a system that needs bottom dwellers and relies on immoral actions(which pushes society into a much more selfish and greed oriented direction).

[Derpleton]

Capitalism = Companies screw over the people
Socialism = Government screws over the people

In the end both want to take your rights away.

[Deleted]

Not sure you could call what we have now "capitalism". I would call it "corporativism", an extreme branch of capitalism, and that is definitely failing the people, and it's bringing down the system with it.
I know it's been said before and it's not that original but a mix of the two is the solution.

[vitalic]

There are certainly problems with modern economic structure, but it remains light years better than any state the world has previously been in. Should we acknowledge the problems and work to improve them? Yes of course.

[Valerean]

Capitalism was replaced by Corporatism in the mid to late 90s.

[Deleted]

Im not entirely sure how its even possible to claim that capitalism has failed, sure there are problems with it as in any system, but the amount of ignorance i see about topics like this is just astounding.
Im not really sure what it is that it has failed at tbh, income inequality may seem alot, buts its a hell of a lot better than it was through out most of history. without free market capitalism its very possible that most people would end up dieing before they got to 30, and the world population would be considerably smaller.
Theres also the fact that none of the various conveniences such as mobile phones or computers would be around, without capitalism you wouldn't be able to make this thread.
Also alot of the things that people criticize capitalism for were around long before it started to really become popular, these sort of discussions nearly always seem to descend into a tin hat parade.

Though saying all of that there are obviously things that need to be fixed about free market capitalism atm, but just descending into saying stupid things like its failed and then coming up with rather vague and arbitrary reasons for said position is rather stupid.

[FAILoZOFF]

How can something that doesn't even exist at this point- fail?
free market works, socialism doesn't

[Deleted]

free market works, socialism doesn't

Yeah, right. Free market doesn't work. A mixture of Socialism and Capitalism is the ideal. Too much of one or the other and you've got a problem.

[Mayhem]

Not sure you could call what we have now "capitalism". I would call it "corporativism", an extreme branch of capitalism, and that is definitely failing the people, and it's bringing down the system with it.
I know it's been said before and it's not that original but a mix of the two is the solution.

it seems corporativism evolved from capitalism as soon as some mechanisms stoped working because of the wrong idea that people and the markets behave rational

[Deleted]

Yeah, right. Free market doesn't work. A mixture of Socialism and Capitalism is the ideal. Too much of one or the other and you've got a problem.

Something like Nordic Socialism is doing a very good job. Its a mix of both really.

[Deleted]

Why are those economists always staring themselves blind on growth, growth, growth? If you have a few 'bad' years in between everyone is screaming what's happening. You can't have unlimited growth everywhere in the world, that's what's happening. And capitalism in China is acting even worse than the western world in this. The idea of capitalism is totally wrong imo, everyone can have their share of normal supplies ofcourse. We are exhausting the all resources we need for a living we use to have this day. But if we keep staring ourselves blind on growth every following year again and again capitalism will fail pretty hard.

[Deleted]

it seems corporativism evolved from capitalism as soon as some mechanisms stoped working because of the wrong idea that people and the markets behave rational

Yes definitely. The creation of the new banking system is responsible of that I'd say. Market does not regulate itself at all.