The True Purpose of Capitalism

Exactly, and the CIA WFB statement is correct.

Supply isn't the problem, it is allocation.

 

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Maybe there is enough money. Sure doesn;t look like that. Have you taken a look at the US national debt and how it has been increasing?

I thought the war was being fought with borrowed money...

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Well, that's a good definition of money, but who would maintain the standard? Who would control the supply and demand of money? If it is not a monopoly, how would you work those things out?

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CityGroup!? You mean... the same one that has CitiBank?

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Jesus... I have an account with them...!

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Could you post any information on that, please?

 

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Forbes Global 2000 World Business Rankings (2005)

#1 CitiGroup
#2 GE
#3 AIG

[...]

 

My question is- could they go bankrupt?

 

Every "fractional reserve" institution could...

 

Well, yeah. My question was whether they are in visible danger or not.

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http://www.forbes.com/investmentnew...ousing-bubble-toll-cz_js_0804soapbox_inl.html

A housing market dip is going to be much more pronounced than the dot.com bust, but it won't be 1929. We hope.

 

Why would you hope for that? Let it happen! You can profit a lot from it.

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When everyone starts desperately selling houses, you buy them for much, MUCH less then their true value. As long as you can have rent the houses to someone while having a positive cashflow (which during recession is pretty easy to do), then you can profit a lot during and after, when the prices of houses increase again.

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I think preseidents Bush and Dick Cheney, by streching the economy selfishly, have shown the American public that capitalism can also be a wrecking ball. Extreme capitalism is like an obesse pet dog, he eat and eats and eats until you one day you find out that your checking account is in the negative cash flow position and you are about to sell your couch and peddle some cocaine to get by. Moderate capitalim or socialism is the best policy, which is why I will be voting for Hilary Clinton in 2008.

 

Yes. Vote for Hillary!

 

Um, no. There are plenty of better progressive voices than HRC.

 

I would vote for her if I could...

 

That is such a statist statement. It assumes all money is the property of the state to be distributed as it sees fit. Money belongs to the person who earns it, not the government and its social engineers.

Capitalism is about freedom. Freedom means some people will be filthy rich, while others choose to wallow in filth and destroy themselves with drugs, alcohol, or other human frailties.

The twentieth century showed us which economic system was superior. Communist countries became prisons. Their populations suffering, starving, repressed. Capitalist nations thrived. Even nations cut in half, the perfect controled experiment, showed the same result. Capitalist countries must build walls and post guards to keep immigrants out. Communist countries build walls and post guards to keep their populations IN.

Capitalism works. It's precepts are in keeping with human nature, however ignoble that may seem.

 

It's a sourced statement of economic fact. I suggest you read my other posts in this thread before again implying that I am either fascist or stalinist.

Capitalism CAN work, it is not inherent or automatic, as you seem to infer.

 

Its misinterpreting statements like these that make me go off on capitalism. Moderate capitalism is good but extreme capitalism creates scum and waste just as it creates opulent light houses. Gas for instance is cheaper in America but this subsidization has led to exorbitantly priced gasoline in Europe and alomost everywhere else in the world. Yes,Capitalism means freedom but exctaly how many people have these freedom, as far as I can remember the amount of freedom you have is proportional to your socio-economic circle. Take America, the epitome of capitalism. Many students in America can't get financial aids to go to school, many people can't establish a "well to do" private business without losses from the long arms of corporations unless you can afford a franchise, public school education is close to ridiculous compared to other parts of the world, and many ideas that could benefit studies like biology are still subject to governmental policies and approval. All this just to name a few, the good news is that freedom is an illusion and you are as free as your knowledge permits, and capitalism is an illusion. You see in capitalism someone's always got to pay the price, no matter how heavy it it, whether its the enviroment or other people, someone always incures the loss.

Choose? Maybe some do but unless you have been living on Pluto majority of hard working people with good intentions also get the short end of the stick. Of cause the U.S also has socialist programs in form of welfares e.t.c, you just can't do without some form of socialism. I think by large capitalism is favorable to the rich and is almost an excuse. Take Haliburton for instance, a corporation that big can only exist in good old USA, but that has forced many companies in the same business to venture into other fields, thereby leading to global research and globalizion. Of cause you can't have capitalism without globalization and its the root to many conflicts around the world, another by product of dear old capitalism. I like capitalism, its like a game where every player takes a side depending on whether he is loosing or winning and how good a player he is, but like all great games it requires an unwilling looser.

 

The 80% capitalist, 20% socialist system we have today works, but it is not good enough.

 

It's improving...

 

Prove it.

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On what basis do you make such an assertion? That "you are better off therefore everyone else is..."-? This will be a short discussion if so.

 

Lets say we live in wonderland where resources are infinite, where every Alice makes 200k a year. Where in this wonderland are you going to find someone to attend to the men's restroom, clean your gutters, and rake your lawn? Therefore capitalism, though shown to everyone, cannot possibly be for everyone. The wealthy and governments are experts at fabricating bullshit ideology to fill the void whenever there is a desire by the people. These are the same people who created religion in an effort to fill our spiritual void, and of cause everybody wants to make 200k a year without inflation so they fabricated the mirage called capitalism. If you want to sip on bullshit coolade you are in bed with capitalism, but of cause you can always take your own loook at heaven and earth. The so called free government of the west still regulates many actvities including postitution(this really annoys me), gambling, drugs, food, and even science and tech. As long as you are paying dues to the government and the givernment makes money then it is "free". You cannot deposit 1 million bucks in any Western bank without the bank manager setting up a money laundring committee to investigate you. All bullshit! My best economic policy is to establish qoutas on what certain individuals can have as assets including government officials but hey....