Why capitalism fails

I refuse to believe that we can't come up with anything better than Capitalism. I'm all for the basic tenets of work hard and be rewarded but at some point we need to change. Socialism is definitely not the way - it just makes people bloody lazy. Capitalism it is for now though...
 
Let's be honest. No matter what model is used, as long as those implementing the system have a self serving agenda; it will fail.
 
w1z4rd said:
http://www.boston.com/bostonglobe/ideas/articles/2009/09/13/why_capitalism_fails/

Capitalism fails because of greed and that it thrives on exploitation. Safeguards need to be put in place to protect countries and people.

I noticed Norway got through this depression better than most because of its "just left of middle" political change before all this started. Go Norway!
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Export revenues from oil and gas have risen to 45% of total exports and constitute more than 20% of the GDP.[37] Only Russia and OPEC member Saudi Arabia export more oil than Norway, which is not an OPEC member. To reduce over-heating from oil money and the uncertainty from the oil income volatility, and to save money for an aging population, the Norwegian state started in 1995 to save petroleum income (taxes, dividends, licensing, sales) in a sovereign wealth fund ("Government Pension Fund — Global"). This also reduces the boom and bust cycle associated with raw material production and the marginalization of non-oil industry (see also Dutch Disease).
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Norway - Wiki.

NORWAY - is actually a tiny country with HUGE OIL reserves. Hence NORWAY is doing well. Compare them with the United States with less oil and 300+ million people. Obviously a relative small number of Norwegians will have reached economic bliss - but not everyone on earth can live like that and this bliss remember was only reached at the expense of Americans (whom you so denigrate) and others like yourself who drives a car and relies on petroleum for everything (food deliveries, clothing deliveries, medicine deliveries etc etc).

Capitalism hasn't failed. China has SCREWED THINGS UP. And they have also screwed this up for themselves.

Chinese people and their government charge relatively little to assemble reasonable quality product. However, they also assemble virtually everything under the sun. Because they are assembling so much - lots of USD, Euro, Yen, Rands and other currencies are transferred to them. They on the other hand - both the people and the government are not buying western products. They are not buying iPods and BMWs and not purchasing Microsoft Software and so on.... US Dollars go to China but instead of being RECYCLED into the ECONOMY as they should be - the Chinese are selling their people cheap locally made stuff (Sinotec TVs, cheap locally made sometimes substandard medicine, clothing etc) and these people don't buy Western imports and their government also buys very little. This is most unnatural and this has led to making the West (NOT JUST USA!!!) but the whole West (Europe, Commonwealth nations, Japan, USA, and more developed nations like Brazil) down. They can't compete and they buy Chinese products but China buys very little of their end products - Oh China buys their raw resources - but those are FINITE and RELATIVELY CHEAP.

We consumers want cheap. People want cheap iPods, cheap Harddrives and cheap LCD TVs. Hence makers in a cut throat market are driving production down and instead of Hans, Joe or Vusi assembling iPods in Germany, USA or South Africa - they get assembled in China and although China gets a tiny cut of the iPod price (Apple gets the most) there are so many iPods made and so many other products that there is a net flow of money one way into China and very little flowing out.
 
w1z4rd said:
Of course there is... who would make such an absurd statement? Oh wait... strawman.... I get it. Its pretty evident communism like capitalism is a failure. Of course choosing one or the other extreme will likely always be a failure. Look for middle ground dude. You can do it!
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some people just can't open their minds.

Good statement - Thanks for the article
 
w1z4rd said:
Of course there is... who would make such an absurd statement? Oh wait... strawman.... I get it. Its pretty evident communism like capitalism is a failure. Of course choosing one or the other extreme will likely always be a failure. Look for middle ground dude. You can do it!
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I disagree, this social democracy that is prevalent in most countries is the "middle ground" and it has failed horribly.

Pure capitalism without government interference would have a much better opportunity to bounce back. Company bailouts are rubbish - they will never plan for the welfare of their companies and employees if they know they government will always be there to help out if things go pear shaped.
 
A market economy is so perfect because it's the system that was developed purely by accident. No one said "Let's see if this works.". It was simply the natural evolution of trade and it was perfect. Until someone started ****ing around with the natural order of it.
 
Maybe Mass World Failure is the only option to start things afresh?
Face it, our modern human culture is cancerous, with no known cure. No matter what 'isms you throw at it.
The new world order? Most of us will definitely never know.

Then there's the other side of me, who wants to be positive, start a family, start a business, care for the environment, care for my neighbours.
Seeing as we're all following the light, we may as well keep going....
 
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