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When central banks like Japan's or US print money it is called "Capitalism" or it is called "central planning"? When in places like Spain they create a bubble
by Htsthbjig 12y ago
When central banks like Japan's or US print money it is called "Capitalism" or it is called "central planning"?
When in places like Spain they create a bubble in real state but then try to support the prices by any means, including the creation of "bad banks" so prices don't sink it is called Capitalism or central planning?
When States do not control what they spend and the increase the debt by 10x it is called Capitalism or central planning?
This is not capitalism, but capital-comunism: Capitalism when prices go up on the riches, private profit, communism or public sharing of the losses.
When I lived in Japan and prices went down, it was very good for the people living there, but in the international news it was a catastrophe, because the markets could not make money in the stocks.
People(family and friends) always told me: Are you ok? like I had gone to the war or something, because of what they heard on the news.
- lazyjones 12y agoThis is the most appropriate reply currently. We bemoan capitalism, but what we are really seeing is corrupt administrations with ex-banker moles everywhere supporting the financial industry's black sheep at all costs, against all rules of capitalism and the free market.