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"The problem with Socialism is that you eventually run out of other people's money" - Margaret Thatcher. I wonder who the French will tax next...

• coldtea 13y ago
  As if Thatcher should be quoted on economic matters. Not to mention that exactly the same is the problem with capitalism -- you run out of "other people's money" and you get an overproduction crisis.
  • Houshalter 13y ago
    There is no such thing as "overproduction". Having produced everything people want should be the goal.
    • coldtea 13y ago
      >Having produced everything people want should be the goal. In socialism, if that thing existed, maybe. In capitalism you don't produce what "people want". You produce what you can SELL. When you cannot sell what you have produced (e.g because people cannot afford to buy it anymore), and you have tons of investments in factories, production capacity and materials being underutilized, you have "overproduction". http://en.wikipedia.org/wiki/Overproduction http://en.wikipedia.org/wiki/Overproduction
      • Houshalter 13y ago
        It's not really overproduction so much as wrongly predicting what future demand would be. What sells and what people want are highly correlated, which is what capitalism relies on. Yes it's not perfectly correlated and maybe there is a better system, for the most part it works.