So, how long until global capitalism destroys us?

We all know the system is headed for collapse sometime in the future. The only question is when. Hopefully cooler heads prevail and steer us on our path to sustainability.

 

I voted 0 - 20 because you dont have an "It already has" option.

 

I cannot answer since I do not know why it is collapsing. Do you have a reason or are people going to just stop liking money or something?

 

So what sort of alternative are you proposing? Because frankly, the idea of "steering" economic development has been tried and it turned out to be a big failure.

 

I can not think for any timeline but so far what history teaches us is that socioeconomic systems become irrelevant through perfection.
(Almost) Perfect tribalism became (almost) perfect theocracy and (almost) perfect city states transformed into (almost) perfect empires , then (almost) perfect feudalism changed to capitalism , by the time capitalism comes close to its perfection it will be replaced , with what i don't know but i know that it will be something imperfect with a destiny to run its circle.

Socioeconomic systems will never destroy anything else than their own self , going from A to B is not the end times and old stuff are replaced by new & better ones every day.

 

Global capitalism will eventually pump up a bubble big enough to destroy itself.

 

foreign outsourcing will cause individual countries economies to collapse as they will no longer be able to use the dollar to artificial keep their economies stable

what will replace these system is yet to be seen, I give it 0-20 as well

.

 

0-20 and my guess is less than 5 for the demise of America and the fragmentation of its attempt at New Rome.

Can't happen too soon. Sadly, it probably won't happen in a sane and orderly fashion, with the spread of democracy and the end of the oligarchy. It will probably be a huge ugly mess and the sensible people will have long since moved to whatever country will have us.

 

I find it funny to read it
I lived in the Soviet Union and the collapse of capitalism we waited for years, and eventually destroyed our system
Capitalism is resistant, as virus. This is a system of self-healing and modernizing
It seems to me that he did not will debacles

 

I wish you had put "don't know" as an option. There are so many variables to this that I do not see a way to guess.

What do you think will replace it? Barbarism? Communism? Global Plutocracy?

The world seems to be going through an economic leveling right now. So, if you live in the advantaged first world it seems like armageddon, but if you live in the emerging 2nd or 3rd world the future looks bright and sunny. The big guys are competing to take the best advantage of the shift, and on a global level there is still a lot of money to be made.

Different political systems are emerging and China is in a good position with a mix of communist financial control and limited individual freedom (in progression from little to more), to take best advantage of the new economy.

Lots of cards still being held though. Its anybodies game.

Safe to say though that we, the fat ones, will have to start tightening our belts. Learn to be happy with less, and make due with what is available.

Its been awhile coming.

 

The notional value of the derivatives bubble is $700 trillion. 67% of that is invested in something related to interest rates. If the interest rates on LIBOR, treasury bonds, or basically anything that has an interest rate is in the portfolios of the major investment banks, commercial banks, insurance companies, bond holders, hedge funds, pension plans, etc.. it could have catastrophic consequences to the entire world. There isn't enough money to pay for a mistake of that size. I'm extremely worried about the bubbles in bonds and stocks. They are overvalued, and QE3 keeps pouring equity into these markets.

We had to bail out the banking industry with between $16-29 trillion. This would be much larger. Just because you like money, doesn't mean you have to give your tacit support to the people that are ruining the world.

 

What does this mean? Explain your point please.

 

Does your comment imply that there's some sort of objective sequence of socioeconomic systems?

 

So lets say I do not support these people ruining the world. What then, is there another better system or is it just the natural evolution of the economy we live in and it will just be another boom/bust cycle.

 

The IPCC recently revised its extinction-related opinions, concluding that there's no evidence that climate change alone caused the extinction of even one animal species. When you combine this with it having gotten colder in the past 15 years, that the polar bear population is stable and so-on, a person has to be an idiot before they can have absolute certainty in AGW right now.

 

Do you remember what the economy was like after AIG almost collapsed? It will be much bigger than that, and no government intervention from stopping the entire system from going completely broke.

 

To be honest it did not impact me at all as far as I could tell. I have always worked two jobs and I did not see any change in my economic life. Fact is that every year I make a little bit more. Not a lot but enough to feel like I am progressing. People on here warn of these economic collapses but I have not seen any of them effect me. I suppose I made so little that I did not get the chance to loose any thing. Times have always been tough.

 

Yes it does , you have objections ?

 

Time for more tax cuts. Whenever a market overheats, the answer is to throw more cash at it.

 

It's not capitalism that is heading us down, but rather the lack of capitalism. What we have is corporatism where the government is going to bed with certain chosen corporations, bailing them out, other wasteful spending, driving up the debt. If we actually implemented Adam Smith capitalism, the problems would be solved.

 

Not really. Some systems tend to lead to each other and go in order. I don't think that makes systems later in the chain inherently better, but I don't think that's what you were saying anyway. Or maybe you were, thoughts?

 

The government going to bed with big money IS an integral part of capitalism. Ain't no sense whining about corporations being in the mix.

 

No, it is not part of the original Adam Smith laissez-faire capitalism. In capitalism the competition is open and free. Government is very limited and small. Government does not stick its nose in business and many other parts of society and daily life. Government corrupted and took an active role in the economy around the start of socialism and communism. If we had more real capitalism, we wouldn't have the problems we have now.

 

C'mon, let's be real. How do you separate corporations (and big money in general) from government in any form of capitalism? Can't be done. In fact, it's my contention that corporations abhor market economics. You don't get rich playing supply and demand games. You get rich by kicking back to computer manufacturers to install only your software.

 

The Helen Wambach Ph. D. and Dr. Chet Snow study on what people saw if hypnotized and progressed into the future…… was quite fascinating……and fits with the theories that indicate that time itself is not limited to being a straight line…… but instead branches much like a tree……. or if you prefer….. menorah!

People viewed human life continuing many centuries into the future…….but things sure did get rough!


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