Do you believe that capitalism has outlived its usefulness?

Question

After 20 minutes it is very interesting how many people have somehow assumed I am against capitalism. My question, in no way, suggested that.

Know what they say about assumptions?

Answer 1

No. At least not true capitalism in the tradition of exchange of goods for services. Farmers markets, small businesses in local communities and the mom and pop diner are examples of real bootstrap capitalism. Capitalism in the sense that the media uses the term to mean international corporate conglomerates wherein the shareholders are anonymous parties indemnified by our tax dollars is better defined by the corporate consumerism label. In the sense that this corporate consumerism preys on capitalism, then perhaps it is time for a economic restructuring to remove corporate tax advantages which are unavailable to the small time capitalist, to remove the civil indemnity that corporate owners enjoy at taxpayer expense, and to reinstate the obligation of corporations to act in the interests of the people of the states in which they are established, then I agree whole-heartedly.

Answer 2

If by "capitalism" you mean the market economy, then no, it is still useful for determining what needs to be produced and what people value.

If by "capitalism" you mean the system in which the wealthy few own the means of production, and sit around holding ultimate control over the economic lives of the rest of the population, then it depends on who you're asking about. It never was useful for the working man - it was just a means of keeping him under control. But it is still highly useful for the owning class, who get to collect vast sums of money, wield a great deal of power, all the while not really doing anything truly valuable.

Answer 3

Yes it has in some ways and should be better controlled by the government before it is too late. The greediness will ruin all of us when the wealth is going into fewer and fewer hands. Good economy, means that everyone can make living on their salary and have the possibility to raise a family. To be educated and having a descent work to go to. Some of those terrorists haven't and they have nothing to live for so why should they live and they are just taking revenge on all of us, doesn't matter who they hit, they got the revenge. That's what I have heard from the Palestinians and some other people in the Middle East, when listen to them. No war machine and no intelligent service can beat them as they act on their own.

Answer 4

Capitalism has become an extreme. There is NO limitation on price-gouging, retailing 'suggested retail price', or dishonest business practices at ALL levels. The rich get RICHER, the poor get poorer. "Suggested retail price" is the biggest scam in history. The idea of capitalism suggests that costs are covered plus a reasonable profit; ---however that is now not the case. It is every man for himself..period.

ANY ideology that becomes extreme does have a limited time to exist, then it eventually becomes 'modified' to 'democratic anarchy' then socialism, eventually enough people become angry that it becomes nasty, and around it goes to extremism on the other side,--- Fascism, dictatorships, communism, and back. The 'democracy' the west presently 'enjoys' is merely the RICH playing with anarchy, pretending that life is 'fair', pretending that they are living 'within the law' and that the 'poor' vote actually means something.

Answer 5

I believe that capitalism is a philisophical idea(l) - it doesn't exist in the real world, just as communism doesn't. These are ideas, things certain countries strive for (or claim to strive for) in their economic policies. The USA is far from capitalist; almost as far from capitalist as it is from communist.

I believe the US system of government has outlived its usefulness, if that's what you mean. The US system of government allows the most financially successful in (or outside of, like Israelies, or Chinese, or Japanese, who influence our govenrment's policies) our semi-capitalist society to coerce and manipulate all of the less financially successful people in order to exploit them. The elite class' exploitation of the people that our system of government allows and encourages totally opposes the ideas of capitalism, but is what usually happens in democracies (or other types of government) that have become too corrupted, such that they have outlived their usefulness.

Answer 6

Capitalism and technological know-how have been the engines that drove the commercial revolution, and massive advancements have been made on the heels of greater effectual engineering technological know-how and superior worker circumstances. Why is it the different time the "previous" is ineffective to you liberals different than whilst addressing previous information you think of by some means has any relevance at alright here interior the present?

Answer 7

Capitalism will soon make a great comeback, I hope. I like liberty and being rewarded fo rmy efforts. We do need to get the govt out of business, for they cause much of the monopolistic power some companies get. Also, public corporations (not private) need pay standards and other guidelines if they want to be a public corporation.

Answer 8

Not at all its still very viable,what are you proposing to replace capitalism with ? What workable alternatives are there,socialism and communism look good on paper but don't work in practical application of its principles.So what alternative do you offer ?

Answer 9

No. But it needs a major overhaul. It is still designed based upon 18th century way of life and that does not apply anymore.

Answer 10

Yes it has. And by "Yes it has" what I meant to say was that you're an idiot. What's the up and coming economic scheme? Communism? Facism? Dictatorship? Maybe we could revert to an agrarian based economy and all start practicing Feudalism.

Listen....I know you enjoy your dope. But for sake of teh children please lay off the pipe dude.