3 ms·

> Currency-based economies have only existed a few thousand years, and capitalism has only been around a few hundred years. The latter has proven to work quite

> Currency-based economies have only existed a few thousand years, and capitalism has only been around a few hundred years. The latter has proven to work quite miserably, (...) You've got to be decadent, spoiled, detached from reality westerner to write such nonsense.

archerx 4y ago
Its people with no real life and world experience.
LtWorf 4y ago
We know from 1929 crisis that pure capitalism as such doesn't work. Yet governments go on and on about free market and competition… Yet whenever something happens they are ready to give handouts to companies (especially big ones) because otherwise everything collapses. It's basically socialism when things go bad and capitalism when things are good. It favours the rich.
- zozbot234 4y ago
  > It favours the rich. It favours the well-connected, who then become rich thanks to big government largesse rather than actual productive work.
- globalreset 4y ago
  > We know from 1929 crisis that pure capitalism as such doesn't work. That's nonsense repeated by fiaters to justify their money spigot. Federal Reserve was created in 1913, and low and behold took it less than two decades to fail catastrophically by causing credit and asset bubble that collapsed in 1929. Capitalism works perfectly fine if you let it be. It has some boom and bust cycles caused by human psychology, but non-prudent actors get periodically removed from the system and that's about it. If you do any research on the subject and read anything that isn't coming from government sponsored sources, it is clear as day. > Yet governments ... Yes. Because the governments are the problem, not the capitalism. In capitalism rich greedy financiers would go bankrupt over and over and over, and there would be no government to bail them out. Your problem is not capitalism. It's the government.
  - int_19h 4y ago
    There's no capitalism without a government to provide (through coercion) stable property rights on the means of production.
  - the_other 4y ago
    > Capitalism works perfectly fine if you let it be. Capitalism works perfectly fine if you’re rich. Right up until climate change destroys your ivory towers.
    - colinsane 4y ago
      > Right up until climate change destroys your ivory towers. any state with power can decide how to regulate the commons/natural resources/etc. capitalism exacerbates latent issues through its mandate to continually grow consumption, but a government could feasibly enforce that its citizens’ activities be environmentally neutral regardless of economic system, if it so desired.
      - the_other 4y ago
        > any state with power can decide how to regulate the commons/natural resources/etc. Not when they're embedded within Capitalism, and relentlessly lobbied by the rich with vested interests in the other direction. See the other half of my previous comment.
  - the_gipsy 4y ago
    > Capitalism works perfectly fine if you let it be. Shame that nobody ever in history let it be. I mean, after all, why would they? Have you thought about what the point of getting power is? It's certainly not to then let go of it...
- lliamander 4y ago
  > We know from 1929 crisis that pure capitalism as such doesn't work. There was a large depression 10 years prior, but it ended fairly abruptly and lead to an economic boom not long after precisely because the market was allowed to operate freely. The depression of 1929 held on and was worsened precisely because of state intervention.

archerx 4y ago

Its people with no real life and world experience.

LtWorf 4y ago

We know from 1929 crisis that pure capitalism as such doesn't work. Yet governments go on and on about free market and competition… Yet whenever something happens they are ready to give handouts to companies (especially big ones) because otherwise everything collapses. It's basically socialism when things go bad and capitalism when things are good. It favours the rich.

zozbot234 4y ago
> It favours the rich. It favours the well-connected, who then become rich thanks to big government largesse rather than actual productive work.
globalreset 4y ago
> We know from 1929 crisis that pure capitalism as such doesn't work. That's nonsense repeated by fiaters to justify their money spigot. Federal Reserve was created in 1913, and low and behold took it less than two decades to fail catastrophically by causing credit and asset bubble that collapsed in 1929. Capitalism works perfectly fine if you let it be. It has some boom and bust cycles caused by human psychology, but non-prudent actors get periodically removed from the system and that's about it. If you do any research on the subject and read anything that isn't coming from government sponsored sources, it is clear as day. > Yet governments ... Yes. Because the governments are the problem, not the capitalism. In capitalism rich greedy financiers would go bankrupt over and over and over, and there would be no government to bail them out. Your problem is not capitalism. It's the government.
- int_19h 4y ago
  There's no capitalism without a government to provide (through coercion) stable property rights on the means of production.
- the_other 4y ago
  > Capitalism works perfectly fine if you let it be. Capitalism works perfectly fine if you’re rich. Right up until climate change destroys your ivory towers.
  - colinsane 4y ago
    > Right up until climate change destroys your ivory towers. any state with power can decide how to regulate the commons/natural resources/etc. capitalism exacerbates latent issues through its mandate to continually grow consumption, but a government could feasibly enforce that its citizens’ activities be environmentally neutral regardless of economic system, if it so desired.
    - the_other 4y ago
      > any state with power can decide how to regulate the commons/natural resources/etc. Not when they're embedded within Capitalism, and relentlessly lobbied by the rich with vested interests in the other direction. See the other half of my previous comment.
- the_gipsy 4y ago
  > Capitalism works perfectly fine if you let it be. Shame that nobody ever in history let it be. I mean, after all, why would they? Have you thought about what the point of getting power is? It's certainly not to then let go of it...
lliamander 4y ago
> We know from 1929 crisis that pure capitalism as such doesn't work. There was a large depression 10 years prior, but it ended fairly abruptly and lead to an economic boom not long after precisely because the market was allowed to operate freely. The depression of 1929 held on and was worsened precisely because of state intervention.