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Economic depressions are unavoidable, whether we are talking about socialism or capitalism, if you don't eliminate the root cause - money. "Financially decimat
by bad_user 13y ago
Economic depressions are unavoidable, whether we are talking about socialism or capitalism, if you don't eliminate the root cause - money.
"Financially decimated" is being a little melodramatic. As far as economic depressions go, this is a pretty mild one and also, 2012 has been the year with the least hunger, least poverty and least disease in human history. In terms of warfare, we also live in a time of abnormal peace. All the stats we have show us that it never was a better period to be alive.
When speaking of controlled economies, I think your line of reasoning about China is pretty invalid. In many ways China's economy is more capitalistic than what you find in the U.S. China has cities were the public roads themselves have been paved by businesses that had no other means to get their employees to work. China is one of the few countries that allows the exploitation of children in sweatshops. In my opinion China is not succeeding because of its government's control, but in spite of it.
So I'm curious, besides an opinion by Albert Einstein and China, what else have you got?
P.S. I'm not from the U.S.