Capitalism was a good answer to the econoimc questions when Smithy wrote his book. But it has grown out of control - it needs to grow to survive. It has to find new customers continuously. Hence its expansion into new countries under the 'Democracy banner of convenience', aided and abetted by the worlds Capitalist powers.
Capitalism will implode sooner or later taking us all with it. (There will come a point where expansion cannot be achieved unless we find life on Mars). Already expansion is costing the world heavily!
An alternative is needed quickly - There must be a 21st Century equivalent of Adam Smith who can come up with an ideology without all the drawback and inequalities of Capitalism and the self destruction gene inherit in captialism.
2006-08-26 03:35:57
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answer #1
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answered by Anonymous
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Capitalism is the best scenario in the world. It can not survive.
What makes the scenario doomed is that it is filled with greed.
Without compassion, it has no country, it has no conscience.
Capitalism is also doomed because we have no Capital. We have only a national debt of $9 trillion. Others countries have the capital. China for example is doing well on our Capital.
Capitalism is also doomed because in America we have eroded the middle class and now have only the rich and the poor. The rich will not spend and the poor can not spend. The rich invest in EU dollars and stocks not US debt notes. The Gold Standard is gone. The Market forces will end Capitalism because no one can afford to buy products or services in this country other than Insurance, Pills, Food and gas for work. Done in by itself.
2006-08-26 03:33:41
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answer #2
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answered by jl_jack09 6
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I don't think it is the worst scenario per se, but I dislike the every man for himself aspect of it. There's nothing wrong with having ambition and working hard to be successful. That is supposedly the "American dream" and it can be a good thing.
But I do believe that concentrated wealth and extreme levels of haves and have-not's contribute to the ills of society where the have-nots eventually get so desperate about being kept down by the have's that they will take what the have's have by force. That's where capitalism takes a turn for the worse.
2006-08-26 03:32:54
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answer #3
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answered by LindaLou 7
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Capitalism is the worst scenario, but it is simply the only system that works. Communism is a great theory, but it will never work because as Frank Zappa once said, "People like to own stuff." With the West's insatiable thirst for goods and services, capitalism is the only system that will quench that thirst. It's like what people say about democracies, "Democracy is the worst form of government there is, except all the other ones." So too, is Capitalism the worst economic system, except all the other ones.
2006-08-26 03:24:41
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answer #4
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answered by backupplanc 2
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No, it is not the WORST scenario. Communism wins that award, along with fascist type Islamic governments.
No one should knock capitalism until they have visited a communist country and had a good look at what that filthy ideology does to a people.
You mean nothing, and I mean NOTHING in a communist society. The masses are everything. The individual is nothing... unless you are lucky enough to be one of the elitist rulers.
If you are not put to death, you will go to prison for speaking against the government.
Socialism cannot exist without capitalism to feed/steal from, and communism robs a society of all desire to improve.... unless there are rewards for an individual.
As for marketing, I don't watch commercials, they are too stupid and insulting, on the same order as sit-coms.... stupidity reigns... and I don't need some creep shouting about the product to give the information.
I don't know what a pure capitalistic society would be like, probably not perfect.
2006-08-26 03:28:09
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answer #5
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answered by Anonymous
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I don't think it is the worst scenario. Slave economies and feudal economies are worse; even Marx admitted as much.
Actually, I think Capitalism may be the best scenario. In comparison to the socialist countries of the world, capitalist countries almost always have a much higher standard of living. Compare East to West Germany, North to South Korea, the U.S. to the Soviet Union, etc.
As for their marketing, capitalism is often a hard sell. People like the idea of having their basic needs met by the government, of having a worker's state. They are not so anxious to have to compete in the marketplace with fewer guarantees of success.
2006-08-26 03:26:39
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answer #6
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answered by timm1776 5
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Capitalism is encapsulated greed. It has very little to do with any freedom other then the rich get richer on the backs of the poor. However name a better system. It will self right itself eventually when people do not have enough money to buy things that the capitalist have to offer. When the poor get poor enough it will drag the rich down with them. This separation of the rich and the middle and poor people will soon end with a depression.
2006-08-26 03:23:27
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answer #7
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answered by Anonymous
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The problem with socialism and communism is that they take production and marketing for granted. I am a former engineer. I promise you it does not just happen.
Communism and Socialism has governments control the slate that the advertisement is done on. Better still, there is no access to the competitors point of view. Therefore they have the best marketing.
2006-08-26 03:24:41
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answer #8
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answered by eric l 6
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Capitalism is far from perfect, but it's also by far the best economic system that has been devised (especially when some of its weak points are at least semi-addressed by specific take care of the masses (i.e. socialist) policies, as is done to varying degrees in EVERY capitalist country in the world). Looking at it empirically, countries with central planning-- done either by a communist/socialist system that in theory, at least, tries to take care of the poor at the expense of the rich or by a totalitarian system that (usually successfully) takes care of the ruling class at the expense of everyone else-- have lower GDP per capita and a lower average standard of living than countries with capitalist systems.
...Now if you wanted to discuss what degree of capitalism vs. socialism benefits people and countries the most, that would be a worthwhile topic.
2006-08-26 03:42:34
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answer #9
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answered by Otis T 4
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It is the best. Compare with the great socialist economies with there double digit unemployment and lazy people. Communism ends up putting every body to the least common denominator and gives rise to a elite class and peasants.
2006-08-26 03:21:54
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answer #10
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answered by mad_mav70 6
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