every socialism in history started at a time of economic crisis. Due to this economic crisis it failed everytime. Anything that starts during economic crisis is bound to fail. I'm just saying this for just in case and letting you know that if it does happen and does indeed fail that it would've definitely worked if it started in 1995.

10/6/2008 11:30:44 PM

10/6/2008 11:35:03 PM

Well you called it, in 40 years we'll see if you're right.

10/6/2008 11:41:11 PM

Odd. American capitalism was born of a war and ultimate economic disaster (kicked out of the British trading union) and that worked out.

In fact, it just so happens that economic systems based upon economic freedom always work out, even in communist dictatorships such as China. They even managed to make former eastern bloc countries prosperous, if not yet rich.

So, any economic system that cannot survive a little adversity is no economic system at all. Capitalism would quickly recover from the current fiasco, having fixed what caused it through bankruptcy of bad firms, and then restored full employment after a year or two of recession. But thank you for being honest and admitting that true socialism would soon collapse and never recover given the current problems.

10/6/2008 11:45:20 PM

Quote :

"American capitalism was born of a war and ultimate economic disaster (kicked out of the British trading union) and that worked out."

You mean it's worked out SO FAR.

10/6/2008 11:46:34 PM

dpost

[Edited on October 6, 2008 at 11:50 PM. Reason : ...]

10/6/2008 11:46:50 PM

yo i heard rockefeller was worth like 430 billion the other day...i bet people like warren buffet are gonna be him one day...so to speak

10/6/2008 11:50:50 PM

Quote :

"In fact, it just so happens that economic systems based upon economic freedom always work out"

Because it always finds a way to steal land, resources, labor or all of the above but of course a system that isn't greed driven will have more of a problem doing such.

Quote :

"So, any economic system that cannot survive a little adversity is no economic system at all. "

Of course it won't survive coming in right after the previous capitalism drove everything to shit.

Quote :

"Capitalism would quickly recover from the current fiasco, having fixed what caused it through bankruptcy of bad firms,"

Nope, the government will just have to put in socialist like policy to bail out these firms to help it recover.

Quote :

"You mean it's worked out SO FAR."

As time goes on, sources of exploitation will run out and with it, the sun will set on pure capitalism. We know this and will move gradually.

10/6/2008 11:52:04 PM

Quote :

"As time goes on, sources of exploitation will run out and with it, the sun will set on pure capitalism. We know this and will move gradually."

The Marxists have been crowing this for the last 150 years. I'm not terribly afraid of yet another one making this claim.

10/7/2008 12:02:05 AM

Quote :

"Because it always finds a way to steal land, resources, labor or all of the above but of course a system that isn't greed driven will have more of a problem doing such."

What is this system you speak of? I have never heard of any system ever devised by man that was not greed driven. In national-socialist Germany the whole society was reordered to benefit a cadre or special interests at the expense of society. In the USSR the ruling elites ate imported beef and killed anyone that threatened their political position.

Human beings are greedy. All capitalist vs. socialism is changing the rules of the game. Under capitalism greed drives capitalists to economize resources and serve customers. Under socialism greed drives bureaucrats to lie to voters and manufacture catastrophe, all in an effort to grab more power (see the current situation and the US Treasury Department). That is how socialism deals with a disaster: give more power to those at fault. Debt holders’ throwing the managers of Bear Stearns to the street is how capitalism handles disaster: by freeing up wasted resources to be used by productively.

10/7/2008 12:05:44 AM