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Must be the most robust house of cards in history, since this latest iteration seems to have managed to get us here all the way from the 18th century where capi
by swombat 14y ago
Must be the most robust house of cards in history, since this latest iteration seems to have managed to get us here all the way from the 18th century where capitalism originated to the present day where we have supermarkets, planes, the Internet, and a number of other wonders of the modern world.
- anigbrowl 14y agoOh now, you're smarter than that. Capitalism existed well before the 18th century (where it would be more proper to say that it was first named and studied properly), and there have been plenty of temporary but drastic reversals before and since. I'm very much pro-market, but it's hardly immune to herding problems or irrational outcomes; and when markets fail, the burdens of that failure often fall upon those least equipped (intellectually or economically) to bear them.