dick1982: You're proving my argument.
Gremlion: I don't see arguments.
At best you posted equivalent of "Turtles are slower than rabbits"="Socialism development after 1960+ was slower than capitalism".
It doesn't say that system doesn't work.
Enjoy your unpaid internships and 90 hours weeks, which wouldn't let you buy a house in US because they cost $500k upward.
dick1982: vietcong barely survived the previous financial crash. china basically built ghost cities for the sake of fake GDP growth. they're the worse example of captialism. fool.
Gremlion: Different cases:
US borrowed money from future generations, built cities on these money, when growth halted they were abandoned. (beating dead horse of Detroit there)
China build ghost cities as preparations for nuclear war.
It's hard to tell when abscess of American debt would pop, but it definitely would try to kill as much debt holders as possible.
Errm Detroit died because the Big Three auto manufacturers couldn't keep up with their Japanese counterparts. The factories, which could only employ unionized auto workers, could not meet the demands of the unions, whatever they happened to be at the time. On top of that, the city itself had nothing else BUT the Big Three automakers being the economic backbone of the city itself. It was the equivalent of a town whose only product was coal or some other non-renewable resource: the resource ran out and so did the money.
It didn't help that the city also had issues with the way it was managed by its mayors and the like. While I am not discounting that there may have been some borrowing, the economic death of Detroit was actually a lot more complicated and nuanced than just over-exuberant borrowing :)
JudasIscariot: It's without the corrupting influence of people themselves. Your first statement sounds similar to the "Guns kill people!" line of thinking used by anti-gun lobbyists in the U.S. :) The gun (capitalism) doesn't kill (corrupt) people by itself, it needs an actual person to use it that way :)
Define the "greater goal" in your second statement, please. What is the greater goal?
If the system is abused then there are proper laws made to prevent the abuse. Why do you think there anti-monopoly laws in the U.S. and Europe?
Self-evaluation and freedom of expression are also practiced in a capitalist system. In fact, you can take whatever bit of wit you may have, condense it to a single statement, put it on a t-shirt, and sell it for a nice profit in a capitalist society/system :)
monkeydelarge: Yes, guns don't kill people but that doesn't mean, we should be letting psychopaths and stupid people have access to them. :) Capitalism by itself doesn't corrupt but that doesn't mean capitalism in a world where the majority of human beings are selfish, greedy, power hungry, stupid and have own group preference won't lead to corruption. :)
We don't let psychopaths have access to guns, actually :) AFAIK, there is the Brady bill with its 7 day waiting period and there's also the rule that felons cannot own firearms in the U.S. :) Of course, both the psychopaths and the felons who wish to have a firearm just get those guns illegally regardless of the laws in place :)
As for greed, it is my personal theory that it started out as something necessary for survival. Think about it, back in the days when we were still living in caves, people had no idea whether they were going to have enough food so they learned to accumulate as much food as possible in order to survive the lean years :)
