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Capitalism's Crashes Are Getting Worse & Worse

Discussion in 'Current Events' started by resisting arrest, Apr 23, 2020.

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  1. resisting arrest

    resisting arrest Well-Known Member Past Donor

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    You guys remember the Dotcom crash in the year 2000? It was pretty bad but not as bad as the economic crash in 2008. But this latest one we're living through now is worse than those other two. That should lead any reasonable person to conclude that capitalism is on its last legs. Listen Pause and Reflect on Professor Richard Wolff's brilliant insight.

    https://www.rdwolff.com/lc_end_economic_system
     
    resisting arrest, Apr 23, 2020
    #1
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  2. Libby

    Libby Well-Known Member

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    If you think the current situation ---- brought about by a virus from another country, and the resulting shutdown of most of our country as a health-related precaution ---- then you don't have even the most rudimentary understanding of even the basics of economics.

    But sure, keep listening to Marxist podcasts to hear how awful capitalism is from someone who is outspokenly anti-capitalism :roll:
     
    Libby, Apr 23, 2020
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  3. BaghdadBob

    BaghdadBob Well-Known Member

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    "Capitalism" will survive so long as there are two people willing to trade goods & services for their mutual benefit.

    For that reason, it is not now, or has it ever been in jeopardy.

    .
     
    Last edited: Apr 23, 2020
    BaghdadBob, Apr 23, 2020
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  4. RodB

    RodB Well-Known Member Donor

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    Capitalism only played a part in the Great Depression and the Dotcom crash, had a very minor role other than abetting the 2008 crisis, and played no role in the current economic crisis -- in fact communism had the predominant role. It is true that economic swings are inherent and brought about under capitalism, and not so much under socialism, but that is only because socialism does not provide anything to crash from.
     
    RodB, Apr 23, 2020
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  5. struth

    struth Well-Known Member

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    Not sure what an Obama funded Chinese virus has to do with capitalism failing...

    seems like it worked well Obama got rich, and the socialist govt got a great weapon. It’s just the socialist govt couldn’t handle it correctly
     
    Last edited: Apr 23, 2020
    struth, Apr 23, 2020
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  6. doombug

    doombug Well-Known Member

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    Let me know when capitalist countries murder masses of their own people. Nothing is worse than socialism.
     
    doombug, Apr 23, 2020
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  7. doombug

    doombug Well-Known Member

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    Capitalism at its worst is still better than Socialism at its best.
     
    doombug, Apr 23, 2020
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  8. resisting arrest

    resisting arrest Well-Known Member Past Donor

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    They killed millions, foreign and domestic. Only the willfully blind refuse to recognize this. Millions of indigenous inhabitants beginning with Columbus on down and herded into concentration camps, internal deportations (e.g. Trail of Tears under Pres. Jackson who is Trump's hero) and such atrocities. Kidnapping Black people from Africa and making the slaves for the slave master of the big latifundia plantations. Not to mention the millions killed overseas in wars of atrocities like Vietnam.
     
    resisting arrest, Apr 23, 2020
    #8
  9. resisting arrest

    resisting arrest Well-Known Member Past Donor

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    There were markets before capitalism such as the slave market. And there will be markets after capitalism. Markets have nothing to do with capitalism.
     
    resisting arrest, Apr 23, 2020
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  10. Eleuthera

    Eleuthera Well-Known Member Donor

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    I have not read this article yet, but it is the 4th in a series on the matter. The virus was engineered at UNC Chapel Hill. Whether it began in China, Iran or the US is still being debated.

    https://www.veteranstoday.com/2020/...-affair-class-action-for-bio-weapon-in-texas/
     
    Eleuthera, Apr 23, 2020
    #10
  11. glitch

    glitch Well-Known Member

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    So which communist regime do you feel is handling this crisis well? Is there a non-capitalist regime you feel we should emulate?
     
    glitch, Apr 23, 2020
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  12. glitch

    glitch Well-Known Member

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    glitch, Apr 23, 2020
    #12
  13. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Im surprised there is still some sky left to fall.
     
    Doofenshmirtz, Apr 23, 2020
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  14. RodB

    RodB Well-Known Member Donor

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    None of those had anything but a minor tangential connection with capitalism.
     
    RodB, Apr 23, 2020
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  15. RodB

    RodB Well-Known Member Donor

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    You need to bone up on markets, capitalism, and their relation in an economic system.
     
    RodB, Apr 23, 2020
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  16. bricklayer

    bricklayer Well-Known Member Past Donor

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    Capitalism is an economic system controlled by price moves.

    A free market is a market in which individuals act in their own self interests to the benefit of others.

    None of the OP's complaints have anything to do with free market capitalism.
     
    bricklayer, Apr 23, 2020
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  17. Libby

    Libby Well-Known Member

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    Slave market, stock market, free market, supermarket, they're all markets! :roll: :roflol:
     
    Libby, Apr 23, 2020
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  18. glitch

    glitch Well-Known Member

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    I think it would be nice to see the op try to justify and support the Marxism laid down in one of his threads before running off to start another.
     
    glitch, Apr 23, 2020
    #18
  19. Pred

    Pred Well-Known Member

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    It was a drive by fruiting!!! Sorry but the movie quote seemed to fit.
     
    Pred, Apr 23, 2020
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  20. hellofromwarsaw

    hellofromwarsaw Well-Known Member

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    How many phony scandals and ridiculous conspiracies do you believe in? Absolute pure misinformation hey. Typical GOP voter
     
    hellofromwarsaw, Apr 23, 2020
    #20
  21. struth

    struth Well-Known Member

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    What’s the conspiracy?
     
    struth, Apr 23, 2020
    #21
  22. doombug

    doombug Well-Known Member

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    Please, you can skip the alt-history lesson. I know it is BS.
     
    doombug, Apr 23, 2020
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  23. Kode

    Kode Well-Known Member

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    Has anyone noticed the degree to which socialist-style solutions to this current economic crash are being used? People organizing people to set up temporary hospitals, to distribute PPE, people solving all kinds of problems from transportation to medical services...
     
    Kode, Apr 24, 2020
    #23
  24. RodB

    RodB Well-Known Member Donor

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    I've noticed the things you mention, but I see no connection with socialism.
     
    RodB, Apr 24, 2020
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  25. PPark66

    PPark66 Well-Known Member

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    The frequency of recessions was higher pre Great Depression though agree they’re progressively getting more severe.

    I don’t believe you toss the baby (Capitalism) out with the bath water but rather look at our practice.

    A recession in simplest terms is a loss of consumer purchasing power.

    So what did we do post Great Depression? What have we been doing for the past four decades?

    Simple answer, public policy to stabilize the consumer and then public policy to destabilize the consumer.

    An attitude adjustment toward ALL consumers and better economic policy—change our current practice or stop being stupid is all we need.

    Once Trump has finished destroying the Republican Party the opportunity will present itself. It’s too bad we routinely wait for a disaster to act.
     
    PPark66, Apr 24, 2020
    #25
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