Has capitalism failed?

Does the gobal economic show that capitalisim has failed? Does this mean we should being adapting socilist veiws? Should all private sectors become state owned? Should we combine the both?

Go on tell me what u think!

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No, of course not.

Don't be silly.

Capitalism undermines itself. It always has, and always will. Today it is working no better or worse than ever before, it's just taking it's course.

I don't like it, but it's doing what it says on the tin. Well, what it says in the small print, anyway.

Reply 4

caroline147

Considering it was nowhere near capitalism in the first place, obviously not.

Reply 5

borismor

HDchicky

It never failed because it never really existed. When politicians "regulate " banks on one hand, and on the other encourage them to lend money while promising guarantees, it's hardly called capitalism.

In true capitalism there are no guarantees of government bail - out, so you have to think twice about every dollar you lend.

Also in true capitalism you cant just print as much money as you want.
You have to back it with something, like gold.

Reply 6

MichaelG

HDchicky

no, no, no, thats already been tried and doesnt really work, 'capitalism' (if you can call it that in the UK) is just on a low at the moment.

Reply 7

numb3rb0y

Why is it that whenever someone talks about the failings of the USSR, the socialists angrily exclaim that socialism is not to be criticised on that basis because the Soviets were never truly socialist, but they're quite happy to lambast capitalism using evidence from a clearly mixed system?

Reply 8

Collingwood

Statism and regulation have failed.

Reply 9

PeeWeeDan

Even if this global financial crisis was rooted in a failure of capitalism(which it is not) why would that suddenly make socialism a decent idea?

Reply 10

shamrock92

numb3rb0y

Indeed.

Reply 11

HDchicky

good point mates..
i've always been a leftist when it came to politics[call me a socialist, an anarcist..whatever]
but in my view both capitalisim and socialisim failed. they calimed it was for the good of the people but truth is it was for the good of the politicians am not saying we bring back the hammer and the sickle but saying that socity keeps getting more messed up each time i cheak!
even obama, i love the guy to death but he'll never keep his promises because the USA is a country run by the pentagon and by the media...
am not gonna be suprised when he makes a more stupid decision than bush[afganistan for example]

but in a way the gobal finacial slump shows us that capitalisim has failed and that its time for profound change in socity!!!
don't you think...?

Working as intended.

numb3rb0y

plus am not saying we go for socialisim!

Reply 14

SatSep12

Communism is the ideas of the most smokescreened people. Capitalism is in my belief the only way in which the a country can be run correctly!

I'm*

HDchicky

We've never had a true capitalist system.

Reply 17

HDchicky

Bax-man

We've never had a true capitalist system.

true but what do you think of anarchisim???

Reply 18

RedDragon

I'm not an expert on captalism or any economic models, but am I right in thinking that, Capitalism works by relying on the economy growing? If so, the economy can only grow so far before it collapses as it appears to be doing now. So Capitalism may eventually fail but on the other hand it may not.

Reply 19

RedDragon

Bismarck

Capitalism works in cycles. That means it has its peaks and troughs. But each peak is higher than the last one, so the general trend is upwards. Socialism means stagnation. No peaks or troughs, but the economic level trends downward.