The Capitalist System Is Decaying Because Of Its Own Contradictions

You're doing your usual trick of denying and offering no evidence and you are wrong but refuse to see it.

 

Just telling it as it is and asking some questions like - half the people in the US are in poverty ??

 

Yes. Dysfunction. The stock market is at an all time high due to "quantitative easing". It is massively over-bought. and when it turns down, which it will soon do, it will be worse than in 2007. And high-tech toys are a way to get your money and they haven't produced a good economy since the 2008 crash. There has been no recovery for the people.

the "socialist-type reforms" have all been added to save capitalism. Remove them and capitalism will crash faster, deeper, and with greater unrest and will be ultimately eliminated.

Do you realize that much of the world has turned to Trump-type politics out of desperation and anger? In France there is a lady running for high office who openly boasts she is backed by Putin. Greece, Britain, and Scandinavian countries to name a few are turning hard right. Such a change never lasts. There is always a huge backlash and a hard turn to the left that follows. This might be the start of a socialist world in the works and if so, it wouldn't happen without Trump and similar right wing changes around the world.

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I'm not going to quibble over whether it is 50% or 45%. Any way you describe it it is disgraceful and intolerable and unsustainable. Just think: the largest employer in the U.S. is Walmart and their wage scale makes a huge percentage of their workers eligible for taxpayer assistance! Can you defend that? I didn't think so.

 

That's doesn't make any sense - the median household income is ~ $58K. You are claiming that is the poverty line ?? If not what is the poverty line.

Young people with marginal educations have an opportunity to get on a career path. Walmart does more for low income people than any other company in the US.

 

http://www.cbsnews.com/news/census-data-half-of-us-poor-or-low-income/

 

That article is from 2011.

 

Government involvement has morphed free-market capitalism into crony corporatist statism...

 

there is no capitalism with a central bank that eliminates the true price discovery of money, has a monopoly on currency creation, with a government that enforces it with legal tender laws.
Without the true price discovery of money, the basis of capitalism and free markets has been removed. Bankers transfer the wealth of the productive to themselves, while at the same time producing nothing.

 

Maybe I was thinking of children. http://bit.ly/1LEL8Cd


WOW! Look at this! Poverty went up under GHWBush, WAY down under Clinton, WAY up under GWBush, and downward under Obama.
https://www.statista.com/statistics/200463/us-poverty-rate-since-1990/


And why is capitalism hurting? Maybe because 20% of us are too poor to shop! http://nypost.com/2016/07/06/a-staggering-percentage-of-americans-are-too-poor-to-shop/

 

Recession resulting from a tax rate increase, welfare reform & supply side policies, 2 recessions, and downward but with pathetic economic growth and an expansion of welfare programs.

 

SOME PEOPLE ARE NEVER HAPPY ...

Nitpicking again, are we?

Go here (OECD) to find the history of GDP-per-capita, which is found on the fourth data-line from the top. Click on the data-lines for exact values.

The US clearly is (and for the most part has always been) the best performing country of its size compared to what is comparable. By toying with the infographic one can show the US versus just the EU.

The GDP per capita of the US is 36% larger than for the EU. (Comparing apples-with-apples and not figs.)

Some people are never happy having been born in the right-place at the right-time. By pure coincidence ...

 

It's about the growth of the economy, Clinton won on that and delivered using supply side policies thanks to Newt.

 

Ok now you are totally misrepresenting the truth. The top tax bracket went down under Bush from 39.6 to 35% and other brackets were dropped too and yet at the end of his last term in 2008 all those tax cuts earned Bush the worst recession since the G.D. Bush also cut supports for the poor and needy. So clearly your first sentence is one of the most gross distortions, ..... sorry,...lies, ..... of all time! And your fundamental confusion and inability to reason out your own argument is seen in your assertion that "recession resulting from . . . . . 2 recessions" and "recession resulting from . . . welfare reform . . . and an expansion of welfare programs."

Yes, recessions result from recessions. Yup. Good job.

 

Bush 41 raised taxes. Part of Clinton's successful economic policies was welfare reform. Bush 43 experienced 2 recessions. Obama's economy is one of very slow growth.

 

yes, while dropping income tax rates.

yes, because Republicans obstructed everything they could that he tried to do to improve the economy. We all know the Republicans wanted to make sure Obama ended up being a "do nothing" failure. And now they want to blame him for the results of their obstruction.

 

No it NOT about the economy alone. That sort of mindless reasoning has been stagnating the nation since time immemorial.

Voting is about national fairness by which people are not only required to vote but do so on multiple issues that require their voting attention. The future of a nation is never just about economic matters, and if it is, there are serious other matters that can affect both its standard of living and the kind of nation in which we live.

For instance, in fact, most Americans (numerically) are concerned about "guns", yet the issue is very rarely raised either in state or national voting levels and thus never finally decided ...

 

The stagnation caused by gov command-control policies has been the last 8 years. Capitalism has done more to raise the standard of living of the poor than any other economic system.

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The economic damage would have been far greater had the R's not obstructed the command-control expansion of the Obama administration. There is a reason that the D's have lost ~ 1000 governance seats in the last few years.

 

^^Empty speculation^^

 

wrong of course as long as mandate is no inflation or deflation price discovery is actually better under a paper standard than a gold standard.

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banks produce a huge huge amount by connecting people with money to those who want to use that money . Do you understand?

 

What Obama got through which was increased regulation, increased welfare, and increased gov spending resulted in the first Presidency to never achieve a 3% or greater real economic growth rate. It is not speculation to say that more of the same would have resulted in less economic growth even based on that low bar.

 

Your remonstrations ALWAYS OMIT THE FACT that Obama was gifted the worst recession since the Great One in the 1930s caused by a dysfunctional Replicant Administration.

Now, explain that one away with more useless verbiage ...

 

Back onto the OP topic....

It seems the very effective economic system applied for past 350 or so years is coming to an event horizon:

Labour is no longer a valuable input to production.

So capitalist economies will stall unless we can find an alternative mechanism to provide people with the money they need to consume.

 

And I also understand that Wall Street banksters promoted the worst economic dysfunction on Wall Street by packaging unjustifiable Mortgages with falsified high T-note Ratings and selling them to the world. When what had happened became obvious, the entire system almost came down upon their heads.

Did anyone go to jail in the most significant failures of Wall Street perpetrated by its "direct-players" since that last one in the 1930s? None that I know of - do you?

Does anybody preparing a Financial MBA ever study the history of American banking?

Seems not, because otherwise (since they are supposedly super-sharp students) they'd learn from its most colossal failures. Wouldn't they?

Wall Street Banksters (enticed by incredibly low upper income taxation) will indeed promote the next "crack" in the edifice. Which, we can only hope will come down upon the heads of those responsible.

But not those who (having perpetrated the mess) have walked away blithely with megabucks-now-in-a-Caymans-bank to spend the rest of their lives indolently on a southern-Florida beach (not that far away from George Town "just in case") ...

NB: "Social networks do best when they tap into one of the seven deadly sins. Facebook is ego. Zynga is sloth. LinkedIn is greed." (R. Hoffman)

 

If you were forced by the government to do something that you knew would make you loose a lot of money wouldnt you attempt to limit your losses?

 

Putting bankers in jail is going overboard. Jail should be reserved for violent offenses.