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Forums - General - Capitalism is broken

Capitalism is hugely flawed, sadly its the best system we have.



 

 

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Kasz216 said:

Really what I found shocking was that most people in the Ukraine now think the collapse of the USSR was a bad thing.

I guess because most of the people who didn't want to be part of the USSR were murdered way back when combined with the economic downturn.

Ukraine is still in an unstable way since the Credit Crunch and without the world monetary fund, would be one of the first countries in the world to declare itself bankrupt because of it (apparently only needed $16 billion to save it while UK and USA banks get 20 times that just to stay in business). I can assure you from knowing some Ukrainians that the 'most people' are the ones that live in the the east and south (which many regions mainly speak Russian as a first language) and the older generations. The West of the country on the other hand wants to be part of Europe and the EU.

There are 2 sides to Ukraine at the moment, those that want the older times when there was less struggle and more stability in the economy even if it is communism so they look back to Russia for that and those who want to join with the EU and Nato to get the stability it needs.

Current favourite for next President of Ukraine is pro-west.

I'm more surprised that a country like Egypt would vote that way.

 

Generally on subject, yes capitalism is broken but because of greed in a free market, not the free market itself. A true stable ecomony needs to have a balance between free market and more socialist solutions.



Hmm, pie.

The Fury said:
Kasz216 said:

Really what I found shocking was that most people in the Ukraine now think the collapse of the USSR was a bad thing.

I guess because most of the people who didn't want to be part of the USSR were murdered way back when combined with the economic downturn.

Ukraine is still in an unstable way since the Credit Crunch and without the world monetary fund, would be one of the first countries in the world to declare itself bankrupt because of it (apparently only needed $16 billion to save it while UK and USA banks get 20 times that just to stay in business). I can assure you from knowing some Ukrainians that the 'most people' are the ones that live in the the east and south (which many regions mainly speak Russian as a first language) and the older generations. The West of the country on the other hand wants to be part of Europe and the EU.

There are 2 sides to Ukraine at the moment, those that want the older times when there was less struggle and more stability in the economy even if it is communism so they look back to Russia for that and those who want to join with the EU and Nato to get the stability it needs.

Current favourite for next President of Ukraine is pro-west.

I'm more surprised that a country like Egypt would vote that way.

 

Generally on subject, yes capitalism is broken but because of greed in a free market, not the free market itself. A true stable ecomony needs to have a balance between free market and more socialist solutions.

I wouldn't even say so much greed in the free market as supported stupidity.

The problem is... at least in America.  The Government is pro-buisness at the expense of everyone else.

The democrats talk differently, but they're just as bad as the republicans willing to dance for a few bucks to their campaign.

I'd actually consider them worse since the republicans are at least a little more transparent.



Rath said:
What interests me is the USA's score. Americans are kind of stereotyped as being very pro-capitalism due to their long enmity to the Soviet.

it's hard to be pro-capitalism, when you are living in country not remotely capitalistic, and yet told it's the model of such a system.

Capitalism works, we just haven't seen it in my lifetime.

When a government can steal from the taxpayer and give to a corporation, there is no capitalism. 



There aren’t any real capitalistic states in the world anymore, and it seems that most of the over-site and regulation of governments around the world is corrupt, inept, or designed to protect large firms from the consequences of their high-risk behaviour.

Many of the banking firms that were recently bailed out had previously been bailed out from their poor management, and they used this as a signal that they could take on greater risks (and pocket the profits from these risks) and when the risks finally caught up to them the government would save them (and they were right). If the government would have let these "Too big to fail" banks fail in the 1980s or 1990s when they took on extreme risks they wouldn’t have needed to be bailed out last year; and all that saving them has done is allowed them to grow bigger, fail to learn lessons about taking on too much risk, so that in 10 to 15 years their next crisis will be bigger and worse.

Capitalism is broken because the government is too heavily involved and chooses winners and losers based on political reasons; and poorly managed large firms are protected by funnelling money from smaller firms through higher taxes. The heavy involvement of the government in the economy works as a reverse Robin-Hood, robbing from the poor to give to the rich, and rewards political connections rather than innovation and hard work.



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I'll fall on the side of 'What we have isn't free market capitalism'

Isn't spain still run by the socialist party? Hasn't France had some of the most burdensome regulations for business? As far as I know, this is the case. Why then do you think that these figures are a referendum on less capitalism?

As HS and Mafoo have said, the issue lies with how many governments have integrated capitalism into their system. Many want the free market as it provides a good system for increased productivity. However, they want the 'safety' of social programs to make sure certain voter blocs don't get ticked off (corporate or poor blocs)

I wish they would have asked countries in the top 5 for economic freedom how they felt about their system. Many of the countries' polled are pretty low on the Heritage index for economic freedom..

France - #64
Mexico - #49
Brazil - #105
Ukraine - #152



Yeah. Definately some free nations there. Those were the top 4 most dissatisfied nations. Methinks they need more freedom, not less. As others have said, it seems that the pollisters assume what countries have is actually freedom. Why didn't they ask Hong Kong about their economic system?



Back from the dead, I'm afraid.

nice time to have this poll....right after a large reccision which left many jobless



"They will know heghan belongs to the helghast"

"England expects that everyman will do his duty"

"we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender"

 

human beings are particularly slow to realize things, specially things marx already said capitalisms was crap like 200 years ago.



 

Holy crap at France. What a horribly socialist minded country to live in.



Slimebeast said:
Holy crap at France. What a horribly socialist minded country to live in.


what is it with you being so anti-socialist?



"They will know heghan belongs to the helghast"

"England expects that everyman will do his duty"

"we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender"