3 ms·
>are there any other 'ism's out there? There are (and we haven't actually tried communism), but what's happening in the US doesn't show that capitalism itself
by danssig 15y ago
>are there any other 'ism's out there?
There are (and we haven't actually tried communism), but what's happening in the US doesn't show that capitalism itself is failing but rather what happens when the balance tips too far to one side.
- veyron 15y agoWe haven't even tried capitalism, and Taleb is railing about that particular point. In a capitalist system, banks should be allowed to fail.
- arethuza 15y agoExactly, it is the existence of "too big to fail" entities that are the problem.
- deleted 15y ago[deleted]
- danssig 15y agoI agree with what you're saying. That was just a nitpick. My main point was simply that there is more to be tried with capitalism. By all means, different places should try different things so hopefully all systems can come out better in the end. But I think we have the results of the "Reagonomics experiment" and can close that one out. :)