Yale Professor: 'Capitalism Has Reached the End of Its Rope’

Tell it like it is!!!! The Tea Part are morally bankrupt and intellectually challenged. Down with capitalism. Down with militarism!!! Down with racism!

http://www.commondreams.org/video/2011/10/04

 

The demise of capitalism is greatly exaggerated....but that's not to say that leftists and leftist professors have not done everything in their power to see to its failure.

 

Yeah right!

Globally Capitalism is FLOURISHING in ways no one thought possible just 30-40 years ago.

Back in the 80's we thought we'd all be dead by now. All nuked out of existence with nothing left but cockroaches.

Now even the most ass backwards tribesman in Africa can walk a few miles and buy a Coca Cola. That is progress buddy and no communist can stop that.

The latest experiment in Mass socialism is failing before our eyes. Let us hope our own ship can take the strain, but Capitalism is exploding all over the planet.

 

Lets see how much they like socialistic environments when the public finally demands that colleges operate efficiently so they can become affordable again. A bunch of these lefty lunatics will be eating at the soup kitchen or flipping burgers.

This guy seems to be a case of those who can't do, teach!

 

It is bastardized capitalism that doesn't work. Heavy handed regulation, demanding employers focus on things that have nothing to do with being successful and growing so they can create jobs.

 

When capitalism runs out of rope, it just buys more of it.

In order to succeed, all you have to do is hang yourself by your bootstraps.

 

The capitalists will sell us the rope with which we will hang them. --- Lenin

 

Yeah, all those male / female equal rights laws are nonesense, and we should still be sending kids down mine shafts.

That thing in India a while ago, the Union Carbide thing, we shouldn't have regulations which prevent that sort of thing happening (well not in our own countries anyway, it's OK if it's brown coloured people with funny accents).

And all the beef recalls in the USA from deadly poisonous diseases, just "big government" overreacting. The best way to deal with this is the free market. Once you've realised how cost ineffective it is to almost lose your life, you'll think twice before ordering your beef rare.

And that thing with those little Ford cars, you know the ones which exploded upon a rear end colision and Ford did a risk analysis of cost of recalling the cars vs cost of compensation to the dead people's families (it's better for the company to let people die and then pay compensation). That's the free market at work.

Regulations suck. There's far too many "unlucky" people on this planet, let nature take its course and thin the hurd a little.

 

Once again the straw begins to fly. Nobody said anything about safety there chucky. We are talking about crap like taking patent rights away from drug companies that developed them, thus killing R&D budgets. Stopping drilling for oil because a rodent with three whiskers instead of four will become extinct.
Telling a restaurant owner he can't sell tuna that isn't dolphin safe.
Destroying entire industries with paperwork mountains.

You aren't going to get away with this crap any more. No more straw. We have huge fans to blow it away now.

It's spelled herd. Not like turd.

 

So we have Immanuel Wallerstein that is a sociology scholar at Yale University, not an economist, making a prediction unfounded on any economic information and we're supposed to take it seriously?

Of note there are actual economists, such as Richard M. Ebeling, that state that Keynesian capitalism is a failure. This doesn't reflect a failure of capitalism but instead reflects a failure of government interventionism in the economy which is a reflection of Keynesian economic philosophy.

http://www.fee.org/pdf/the-freeman/ebeling1104.pdf

http://www.fff.org/aboutUs/bios/rme.asp

The issue isn't about capitalism which has been successful for thousands of years but instead about the failure of government interventionism which corrupts capitalism.

 

Sure, let's take a trip down memory lane, shall we?



What reached the end of it's rope, again?

 

Ay - State capitalism first, monopoly capitalism second. Fascism traditionally comes next. Brown shirt ironed?

 

Too bad we never practiced pure unrestrained capitalism in this country.

Our economy has always been taxed and regulated at all levels since the birth of this Nation.

Capitalism was never given a chance.

 

That's not a foregone conclusion.

If we elect the right people, we can end all regulations and almost all government.

 

I'll leave Whaler17 to speak for himself. Bit "collective" of you there btw...

 

This is why college in America has become a joke. You don't go there to learn anymore. You just go there to be indoctrinated with a bunch of left wing philosophical garbage. And the system is set up to where you can't even get a good paying job without a college degree so you have to subject yourself to this type of (*)(*)(*)(*) for years if you want to earn a comfortable living. You want to talk about a system being rigged? There you go. A perfect example.

 

How are you off for caves? Can't have rationing, can you?

 

Amazing! There IS no left wing in America, man! It ranges from rightnut to fruitcake.

 

There is no consensus on the precise definition of Capitalism, but it is loosely defined as an economic system wherein the means of production are privately owned and operated for profit.

I see no intrinsic problems in such a system, provided there are mechanisms of State regulation. It is only laissez faire Capitalism which is problematical (largely because of human failings).

The problems in a system wherein there is no public regulation of private enterprise, devolve about human greed, and a certain callousness which results from being removed from the effects of one's actions (as in a board room).

In most successful societies, private enterprise is so regulated as to ensure very few people are exploited, in the manner that emerged during the early industrial revolution.

So, as with most ideologies, judiciously regulated Capitalism can be the engine of development and prosperity, or it can be (in laissez faire form) the generator of oppression, unseemly wealth disparity, inhumanity, and civil unrest.

We should regard both Capitalism and Socialism as tools, with which to enrich our lives (in all senses of the word) not ends in themselves, or pure ideologies, which must be adhered to with religious fervour.

 

Predominately we did have basic capitalism in the United State until the 20th Century. It was the creation of the Federal Reserve, the imposition of income taxes (that were sold to the American public as only being a 3% tax on the wealthy), the introduction of the Progressive philosophy of government (changing from a federal government with enumerated responsibilities to one that anything not expressly prohibited by the Constitution suddenly became a responsibility of US government) and the eventual adoption of Keynesian economic policies that allowed the unbacked creation of massive amounts of government issued promissory notes that could not be redeemed and the resultant inflation.

All of these things happened basically in the 20th Century. What we've never had is laisse faire capitalism where the role of government was limited to regulations that protected the property rights of the individual. Before the 20th Century we didn't have adequite regulations to protect the People and since then we've had over-regulation and interventionism by the Federal government.

 

It's not just a choice between capitalism and Communism you know. They're both failed economic methods. One involves government taking over the markets and stifling competititon. The other involves large corporations getting too big and buying out markets and stifling competittion. Neither is working out for small businesses and entrepreneaurs. What we need is a good balance of the two. Comtalism or Capunism

 

Ya and Gawd knows that regulations would have made the recession SOOO much worse...just look at Canada...All those hurtful regulations kept them from experiencing the full joy of the recession. The wimps...

 

Peaceful trade or violent murder by parasites who want others to support them. I'll take the former, thank you.

 

Of course, but the capitalist mentality is that they want lower and lower wages for more and more people, with greater profit for themselves, which is unsustainable. So powerful industries support an ever increasing attack on our mixed economy. Which is why capitalism, as an ideology is a failure and a threat, while a mixed economy, that employs capitalism at the small business level, along with a robust public sector, is a good thing.

 

Laisse faire capitalism imposes only those regulations required to ensure the Rights of the People.

The recent recession was reflective of Keysenian economic interventions by the Federal Reserve and the US government that controlled interest rates and promoted home mortgates for those that couldn't afford them by backing the loans. It is Keynesian economics of government inteventionism that causes inflation and dramatic economic recessions and depressions and not laisse faire capitalism which limits regulations to those that protect the Rights of the People.