Tony Posted November 20, 2010 Share Posted November 20, 2010 It is indeed a demonstrably better way of running an economy, than Communism. That doesn't mean that it is the best way though. Go and ask the Irish, The Portuguese, The Spanish, The Greeks or George Osbourne if you don't believe me. In some parts of the world, capitalism is almost as broken as communism. The interesting question is "What do we try next?" You didn't believe that Ireland, Greece, Portugal and Spain were following the rules of capitalism were you? They suspended the normal rules for political benefit not because it was capitalism at work. Capitalism is quite simple; everything has a value which is determined by demand. Demand is a much more complicated equation and it is there that the normal rules of engagement were suspended by people who should have known / did know better but chose to ignore it for reasons that are rooted in human nature not because capitalism was 'broken' Link to comment Share on other sites More sharing options...
Conrod Posted November 20, 2010 Share Posted November 20, 2010 It is indeed a demonstrably better way of running an economy, than Communism. That doesn't mean that it is the best way though. Go and ask the Irish, The Portuguese, The Spanish, The Greeks or George Osbourne if you don't believe me. In some parts of the world, capitalism is almost as broken as communism. The interesting question is "What do we try next?" Recessions come and go. Link to comment Share on other sites More sharing options...
Guest sibon Posted November 20, 2010 Share Posted November 20, 2010 You didn't believe that Ireland, Greece, Portugal and Spain were following the rules of capitalism were you? They suspended the normal rules for political benefit not because it was capitalism at work. Recessions come and go. This isn't a recession though. We officially left that behind some time ago. The problem is that money isn't all that it seems. Which kind of makes it difficult to put a value on anything. This is going to be a problem for a very long time. Are the capitalists a little chastened by the fact that the financial system has hed to be propped up by state intervention? Link to comment Share on other sites More sharing options...
Conrod Posted November 20, 2010 Share Posted November 20, 2010 Have you got a brain ??? Does your mother know you dabblle on the internet ?? I hope you are NOT old enough to vote !!!In response I could say: Do you have manners? Does you mother know you insult people from behind a keyboard? Do you think it's big and clever to be offensive to somebody who has not offered insult to you? However, in answer to your questions, yes, I have a brain; I have more qualifications than most joined and Mensa when I was younger. My mother died some years ago. I have voted Conservative for almost 3 decades. Link to comment Share on other sites More sharing options...
Conrod Posted November 20, 2010 Share Posted November 20, 2010 This isn't a recession though. We officially left that behind some time ago. The problem is that money isn't all that it seems. Which kind of makes it difficult to put a value on anything. This is going to be a problem for a very long time. Are the capitalists a little chastened by the fact that the financial system has hed to be propped up by state intervention? I feel far more aggrieved that much of my taxes pay for benefit spongers than that some of them go towards national financial recovery. Link to comment Share on other sites More sharing options...
Guest sibon Posted November 20, 2010 Share Posted November 20, 2010 I feel far more aggrieved that much of my taxes pay for benefit spongers than that some of them go towards national financial recovery. I was trying to make a more philosophical point. Taking Tony's concise definition of capitalism, above. It follows that money is the key component of capitalism. Surely it disturbs you that the State has had to prop it up. Surely that demonstrates that capitalism in this instance has failed. Incidentally, this isn't a case of "National" financial recovery. Link to comment Share on other sites More sharing options...
Tony Posted November 20, 2010 Share Posted November 20, 2010 Capitalism didn't need propping up - some (and very few at that) individual businesses and states did. But where did the states get the money from? Link to comment Share on other sites More sharing options...
Conrod Posted November 20, 2010 Share Posted November 20, 2010 Incidentally, this isn't a case of "National" financial recovery.Judging by Labour's (inevitable) irresponsible spending and the size of the national debt, I would suggest that it is. Link to comment Share on other sites More sharing options...
sccsux Posted November 20, 2010 Share Posted November 20, 2010 Is this the default position of SF socialists ... to whine when they don't get their own way. Whereas the default position of the Bories, is to be insulting and try to defend the indefensible. Stupid comment of the week We know you can't help it. yes, I have a brain Are you sure as: I have more qualifications than most joined and Mensa when I was younger. Makes little, to no sense:hihi:. Link to comment Share on other sites More sharing options...
Tony Posted November 20, 2010 Share Posted November 20, 2010 Whereas the default position of the Bories, is to be insulting Mensa Makes little, to no sense:hihi:. Ummm, did you read what fell out of your brain before you hit 'submit' ? Gawon, you're trolling again aincha? Link to comment Share on other sites More sharing options...
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