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Capitalism failed in 1929 but its corpse is still here…

• zombot 1y ago
  Depends on who you ask. Today's billionaires would disagree.
  • guappa 1y ago
    They're getting plenty of handouts from the state. What we have is not capitalism…
    • zombot 1y ago
      If that were the criterion, then capitalism never existed. Capitalists have always been happy to embrace "communist" ideas when it serves them.
• marcosdumay 1y ago
  The developed countries were mostly capitalistic up until the 70s. It just only started to die at the 80s, and it's still going strong on a few countries. If you mean that a socialist structure was created on the 30s, yes, it was. But it didn't kill capitalism. Relentless corruption and cronyism is what killed it, the socialism in fact depends on it to work.
• paulddraper 1y ago
  Speculation failed, and then the proceeded government spent the next 8 years doing everything they could get away with against free markets -- tariffs, taxes, bonds.