economist: Capitalism brings immense suffering to the world

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  • TravisTheSky
    TravisTheSky Posts: 615
    Capitalism is not evil. It's the current day Corporatism that is bankrupting us.

    When America was a land of small businesses, we were very prosperous. But giant megacorporations are way too powerful. The 'little guy' can't compete.
    "May you live in interesting times."
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,254
    Commy wrote:
    vedderman71 wrote:
    Jeanwah you bring up a Great point; but why do most on here believe that capitalism


    capitalism is based on greed. and selfishness. it encourages those traits.
    Jeanwah wrote:
    I think you have a rather romantic look at thing, prfctlefts. It's plain and simply right in front of our faces, that money corrupts. Once money becomes an issue with people, empathy and wanting to help the human race goes right out the door. Capitalism breeds greed.

    According to Gordan Gekko....Greed IS good, Greed is right...

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • Starfall
    Starfall Posts: 548
    It's not capitalism per se that's the problem - it's unregulated,laissez faire, predatory captialism that's the problem.

    Before FDR came to office, every few decades or so, almost like clockwork, we had boom and bust cycles, marked by rampant speculation, greed, which resulted in a huge economic bubble that eventualy burst, causing a massive recession. Then it would start all over again.

    Once FDR put the New Deal regulations in place, all of that stopped. We then went through a period of rapid, robust economic expansion post World War II to 1980, and more importantly, we did not have a single massive economic collapse.

    Until Reagan took office, and from then on, deregulation became the buzzword, and we found the New Deal regulations systematically repealed, or ignored.

    The solution is simple - restore common sense regulations.

    For starters, let's stop the organized Wall Street Crime syndicate from playing roulette with our money. Pull the US out of the WTO and NAFTA and repeal all the so called "free trade agreements" that have funnelled our jobs and our pensions overseas, and have caused equal havoc to the economies of other countries. Break up the "too big to fail companies" as required by the Sherman Anti-Trust Act. Restore our manufacturing sector and bring back the union jobs that were the backbone of the middle class. End the revolving door between the private sector and government, so that people like DIck Cheney aren't able to leave the CEO position of Halliburton, become VP, enact rules and no-bid contracts to favor his old company, then go back into the private sector again peddling influence - he just started a lobbying group with his daughter Liz Cheney.

    I could go on, but I'm sure you all get the point.
    "It's not hard to own something. Or everything. You just have to know that it's yours, and then be willing to let it go." - Neil Gaiman, "Stardust"
  • polaris_x
    polaris_x Posts: 13,559
    Starfall wrote:
    It's not capitalism per se that's the problem - it's unregulated,laissez faire, predatory captialism that's the problem.

    Before FDR came to office, every few decades or so, almost like clockwork, we had boom and bust cycles, marked by rampant speculation, greed, which resulted in a huge economic bubble that eventualy burst, causing a massive recession. Then it would start all over again.

    Once FDR put the New Deal regulations in place, all of that stopped. We then went through a period of rapid, robust economic expansion post World War II to 1980, and more importantly, we did not have a single massive economic collapse.

    Until Reagan took office, and from then on, deregulation became the buzzword, and we found the New Deal regulations systematically repealed, or ignored.

    The solution is simple - restore common sense regulations.

    For starters, let's stop the organized Wall Street Crime syndicate from playing roulette with our money. Pull the US out of the WTO and NAFTA and repeal all the so called "free trade agreements" that have funnelled our jobs and our pensions overseas, and have caused equal havoc to the economies of other countries. Break up the "too big to fail companies" as required by the Sherman Anti-Trust Act. Restore our manufacturing sector and bring back the union jobs that were the backbone of the middle class. End the revolving door between the private sector and government, so that people like DIck Cheney aren't able to leave the CEO position of Halliburton, become VP, enact rules and no-bid contracts to favor his old company, then go back into the private sector again peddling influence - he just started a lobbying group with his daughter Liz Cheney.

    I could go on, but I'm sure you all get the point.

    and there it is ... seems simple ... but good luck getting through to the "people" ... all they see is right/left; dem/rep; liberal/conservative ...
  • Jeanwah
    Jeanwah Posts: 6,361
    polaris_x wrote:
    Starfall wrote:
    It's not capitalism per se that's the problem - it's unregulated,laissez faire, predatory captialism that's the problem.

    Before FDR came to office, every few decades or so, almost like clockwork, we had boom and bust cycles, marked by rampant speculation, greed, which resulted in a huge economic bubble that eventualy burst, causing a massive recession. Then it would start all over again.

    Once FDR put the New Deal regulations in place, all of that stopped. We then went through a period of rapid, robust economic expansion post World War II to 1980, and more importantly, we did not have a single massive economic collapse.

    Until Reagan took office, and from then on, deregulation became the buzzword, and we found the New Deal regulations systematically repealed, or ignored.

    The solution is simple - restore common sense regulations.

    For starters, let's stop the organized Wall Street Crime syndicate from playing roulette with our money. Pull the US out of the WTO and NAFTA and repeal all the so called "free trade agreements" that have funnelled our jobs and our pensions overseas, and have caused equal havoc to the economies of other countries. Break up the "too big to fail companies" as required by the Sherman Anti-Trust Act. Restore our manufacturing sector and bring back the union jobs that were the backbone of the middle class. End the revolving door between the private sector and government, so that people like DIck Cheney aren't able to leave the CEO position of Halliburton, become VP, enact rules and no-bid contracts to favor his old company, then go back into the private sector again peddling influence - he just started a lobbying group with his daughter Liz Cheney.

    I could go on, but I'm sure you all get the point.

    and there it is ... seems simple ... but good luck getting through to the "people" ... all they see is right/left; dem/rep; liberal/conservative ...

    But don't you know polaris...having people distracted with details is the key to ignoring the big picture...;)

    Good post, Starfall.

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