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Please tell me what you think about this - A critique of modern Capitalism.
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09-17-2011, 08:25 PM
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weaddercaps
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Oct 2005
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I disagreed with almost all of it. Foremost was this part: I also suspect that were it not for globalisation, it would be far worse, since markets exterior to domestic ones act to release the pressure
by leveling the playing field by engaging outside markets
. Capitalism is the pursuit of capital, in the form of profit. It's about accumulation not dispersal. It can be no other way. That's it's nature. And that part I agreed with.
I don't blame the natural flow of Capitalism, on the recessions and depressions. That's due more to INTERFERENCE with things, than with the principals of Capitalism itself. IMO.
It was a great response from Unbidden....but I was waiting on the next line of "That's why Socialism is the only true path".......that shoe didn't drop though.
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