SvennoJ on 31 July 2014
| Cypher1980 said: I remember being told many years ago. Capitalism succeeds while Communism fails for the same reason. Human Greed |
Yet (current) capitalism is heavily dependent on communism, without China's cheap labor how would capitalism look today. Plus it heavily depends on being able to borrow capital to spend itself out of trouble. USA has $60 trillion debt, yet we call that a succesful system. Capitalism is a giant ponzi scheme, who knows how much longer it can work. At some point the cheap labor or cheap oil will run out.
