Is American capitalism doomed?

Question

Social justice, income distribution, lack of health insurance, declining, wages, declining unions, no labor representation, right to work states and so on.

Answer 1

already down the toilet.. bigger companies just take over then just swallow the monopoly charges. the courts need to fine them more than they make for having a monopoly.. for example lets say an oil company takes over the gasoline businesses on the west coast.. they make 2 billion dollars.. then the courts should fine them 2.5 billion if they don't make money because of fines they won't continue their monopoly because it isn't profitable.

Answer 2

All forms of economy are doomed to fail if they don't change with the times. Economically we are holding onto the steering wheel of a large bus careening down a steep, curvy mountain road. There are countless opportunities to go over the side and crash. If we continue to steer blindly by what the people in the back tell us to do we are doomed. We need to stop the greed of big business in its tracks. We need to ensure that the people who hold wage earner jobs can live well enough to not become a burden on the rest of society. There is a lot more to business than profit, and It has been a few years since I have seen Corporate America recognize this. Americans need to tell the bus driver he is listening to the voices of the past and not the future.

Answer 3

- In my opinion it is. The reason for why is the same reason why Americans excelled in the first place. And that is innovation. Unfortunately as Americans we have established a standard of ourselves that pretty much states that what we do has to be the standard of everything. Because of this we do not have as flexible economys as the new powers that are coming into the world. An example that supports my argument from todays life is that more wealthy Americans who are very involved in the stock market today are investing outside the U.S. market. Americans are losing support in our economy. If you were to look citigroup for the last 5 years it has gained 174% but it has gone down around 4.7% in stock

Answer 4

Our American capitalist system is doomed, ultimately, to failure. Our way of life is not sustainable, yet almost no one seems willing to face this unpleasant truth.

Capitalism is predicated upon constant and ever-expanding economic growth. This growth requires as its engine several factors: A constant or expanding resource base, an expanding base of customers for the products of industry, and an ever-expanding pool of money to fuel the system.

We can see, already, that the system is starting to break down. Resources are limited, and many of the resources required for the maintenance of our economic system and way of life are seriously depleted and on the way to eventual exhaustion. Petroleum resources are projected to be exhausted sometime between 2040-2050. When that happens…indeed, long before, as decline in supply leads to inevitable problems of allocation…we can expect massive blackouts, fuel rationing, and in the worst case the collapse of society.

This is not a paranoid fantasy, not cynicism…this is almost a certainty. The flow of oil, in a very real way, is the life-blood of our economy. Oil fuels almost all of our transportation, and generates over sixty percent of our electric power. It accounts for over four-fifths of energy consumed in the United States. And there is no other currently known energy source which is as efficient as petroleum. When the oil starts to run out, the machinery that keeps our civilization running will grind to a halt, throwing large numbers of people into pre-industrial living conditions. The time to begin a large-scale shift to alternative sources of renewable energy is NOW, while there are enough petroleum stocks remaining to ensure a smooth transition. However, this isn’t going to happen, as leaders of the major political parties and industries, not just in the US but in most of the world, seem more interested in rearranging the deck chairs on the Titanic, as it were, than in keeping a sharp lookout for any icebergs up ahead.

I wish I could say I felt optimistic about the future, but nothing I’ve seen of human behaviour is particularly reassuring.

Answer 5

American capitalism is like a virus that infects trees. Its always spreadingand infecting new trees. To get rid of the virus, you'd have to destroy all of the infected trees.

There are 300million americans, so that wont happen soon.

But the infection can stop spreading, or it can spread at a slower rate. Nothing can continue forever, and what goes up must come down.

Answer 6

No, not if the people of the United States stands up for our country because is'nt that what a democary is about right?

Answer 7

Every society has those things.
Capitalism isn't perfect, it does have its problems but it has produced some of the most powerful, innovative, benevolent, progressive countries the world has ever seen.

Answer 8

Uhmm.... everything you mentioned there are acoutrements of Communism.

So according to your laundry list it sounds like American Capitalism is doing just dandy.

Thanks for checkin in though.

Answer 9

Move to Venezuela if you hate it so much... I would have said China but it seems that they are becoming more and more westernized

Answer 10

NO!! If it is, you and the rest of the world will also be very DOOMED Real fast!!!