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Old 04-26-2008, 12:01 PM
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eldondre eldondre is offline
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Default Has Capitalism Failed?

by RoPa
Quote:
In the 1930s, it was quite popular to condemn the greed of capitalism, the gold standard, lack of regulation, and a lack government insurance on bank deposits for the disaster. Businessmen became the scapegoat. Changes were made as a result, and the welfare/warfare state was institutionalized. Easy credit became the holy grail of monetary policy, especially under Alan Greenspan, "the ultimate Maestro." Today, despite the presumed protection from these government programs built into the system, we find ourselves in a bigger mess than ever before. The bubble is bigger, the boom lasted longer, and the gold price has been deliberately undermined as an economic signal. Monetary inflation continues at a rate never seen before in a frantic effort to prop up stock prices and continue the housing bubble, while avoiding the consequences that inevitably come from easy credit. This is all done because we are unwilling to acknowledge that current policy is only setting the stage for a huge drop in the value of the dollar. Everyone fears it, but no one wants to deal with it.
Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed.
Corruption and fraud in the accounting practices of many companies are coming to light. There are those who would have us believe this is an integral part of free-market capitalism. If we did have free-market capitalism, there would be no guarantees that some fraud wouldn't occur. When it did, it would then be dealt with by local law-enforcement authority and not by the politicians in Congress, who had their chance to "prevent" such problems but chose instead to politicize the issue, while using the opportunity to promote more Keynesian useless regulations.
Capitalism should not be condemned, since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare.

This article is excerpted from Part I of Pillars of Prosperity. An MP3 audio file of this article, read by Dr. Floy Lilley, is available for download.


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Old 04-26-2008, 02:36 PM
frankdialogue frankdialogue is offline
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HAS CAPITALISM FAILED?

No, it is/has morphed into a monster that would be more aptly described as plutocracy/oligharchy...small and moderate scale capitalism is generally called 'free enterprise'...this free enterprise is the very basis of economic/technical innovation and development...what you are see now is global 'consolidation' of corporations into a total monopoly of all essential goods and services...in essence what was known as capitalism has become the same as communism & fascism, with the added twist of these mega-corporations now transecending all national boundaries, and, in effect. 'privatizing' governments themselves...governments, in any case, are the instrument of internaional bankers, and, for instance, the US military now serves as a police or security force for these same interests.
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Old 04-26-2008, 05:02 PM
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HAS CAPITALISM FAILED?

No, it is/has morphed into a monster that would be more aptly described as plutocracy/oligharchy...small and moderate scale capitalism is generally called 'free enterprise'...this free enterprise is the very basis of economic/technical innovation and development...what you are see now is global 'consolidation' of corporations into a total monopoly of all essential goods and services...in essence what was known as capitalism has become the same as communism & fascism, with the added twist of these mega-corporations now transecending all national boundaries, and, in effect. 'privatizing' governments themselves...governments, in any case, are the instrument of internaional bankers, and, for instance, the US military now serves as a police or security force for these same interests.
what same interests? how does the iraqi war help ADM? How does it help Microsoft? how can a theory become something else? what do you think about Ron Paul's statements above?
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Old 04-26-2008, 05:11 PM
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My answer: No. I'm still in the stock market and I'm testing the waters in Person-to-Person lending and last I checked, I still believe in the domestic free market system.

Person who's house is under foreclosure in Boca Raton, FL: Yes and we should turn to Communism because I'm about to lose my house.

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Old 04-26-2008, 09:53 PM
rgranter rgranter is offline
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Default Capitalism alive & well

Capitalism thrives and has even spread to some prominent Christian churches where preachers proclaim it is a parishioners right to demand and expect hugh monetary rewards daily.or at least weekly.
The Pope meanwhile has regressed to socialism proclaiming Wealth a sin. The Catholic Church of course is exempt as they are infallable besides they can barely maintain their lifestyle and have even had to close entire parishes in order to pay Peter's Stipend to Rome.
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Old 04-26-2008, 11:46 PM
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The Pope meanwhile has regressed to socialism proclaiming Wealth a sin.
Except that the Pope didn't say that...
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Old 04-27-2008, 10:19 AM
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Gandhi was asked by a British journalist what he thought of Western civilization. “I think it would be a good idea,” he replied.

http://www.mkgandhi.org/articles/abusing_gandhi.htm


Capitalism is one of the few systems that has been proven to create wealth...it just does a lousy job distributing it when it goes completely unchecked. In those instances profits are privatized and risk is socialized. The Bear Stearns moment in U.S. finance capitalism is one such example. The Fed opening up the discount window to investment banks and essentially bailing out Bear Stearns by backing up JP Morgan was and still is egregious. Might as well put a hammer and sickle in the corner of the U.S. flag. Subsidies to agribusiness is another example. If the market was free there wouldn't be a need for subsidies or Bear Stearns would have been left to collapse. Just as people complain about the social welfare state they ought to remember that corporate welfare is part of it.
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Old 04-27-2008, 10:47 AM
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Corruption is a sign of a free market, the alternative is human evolution stunting oppressive gov't oversight.


Sure can't use the liberal social USA to tell.

Or is having the FED the single largest employer, lender, real property owner in the entire world count as capitalism?


Americans who promote a no winners and losers society should all be neutered.



Is it a a coincidence that the US is the only super power left on the planet, the single largest exporter and importer in the world?

but most of all MANKIND EVOLVED THANKS TO INNOVATION FOUND ONLY IN THE USA-
THE WORLDWIDE PROLIFERATION OF THE COMPUTER CHIP HAS SIGNIFICANTLY RAISED THE QUALITY OF LIFE OF EVERY LIVING THING ON THE PLANET. IT IS RESPONSIBLE FOR THE SINGLE MOST DRAMATIC PERIOD OF EVOLUTION SINCE MAN PUT ROCK ON END OF STICK TO MAKE WEAPON.

BILL GATES HAS DONE MORE FOR MANKIND THAN 1000 GHANDIS AND MOTHER THERESAS COMBINED.


Stupid idiotic liberal socialist pieces of **** would see the FED doling out even more, the capitalists less,

all for the sake of stunting the human race.
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The comedian attributed the trend to a "rejection of all fact, reason, evidence, logic, truth, morality, and decency."

Last edited by Your Neighbor : 04-27-2008 at 10:52 AM.
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Old 04-27-2008, 03:10 PM
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Good job, el, you've attracted all the whack jobs to one thread. Now push the detonator.
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Old 04-27-2008, 05:53 PM
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Good job, el, you've attracted all the whack jobs to one thread. Now push the detonator.
I haven't seen zete yet.
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