I have a BBA in Finance and studied economics under some pretty amazing professors. I was always an ardent supporter of capitalism, but over the years I have come to question its long-term sustainability, I believe that the flaw of capitalism is its foundation - profit. While this powerful incentiv…

The problem with this whole line of thinking is that it leaves the concept of government as a territorial monopolist of law and security completely exogenous. It’s not even up for review or debate. What if the very nature of government is itself the problem? What if that is the source of most of ou…

Somehow I don’t think this is meant in the “yes, the world is not perfect, Earth will never be Nirvana” sense in which it resides. “Corporate taxes ensure ‘the big guy’ [who?] doesn’t get more than his share”? What is “his share”? Who decides that? oy vey. How many pages in that thread and we’r…

Of course it’s not an argument against using finite resources. We must use them intelligently though. We burn millions of barrels of oil every year, just in the USA, simply getting harvested food from the farms to your supermarket. I thought economy was supposed to mean efficient…this is the opposi…

On the subject of inheritance, I take Ayn Rand’s position: in a market economy, wealth tends to change hands to those who are most capable of wielding it, and so no matter how much you inherit, if you don’t use it wisely in the long run you will lose it. It might be useful to consult some data on th…

To all posters on this thread: Thank you for all your input. I definitely learned more about the broad subject of capitalism and most importantly, how it’s been skewed so much over the decades, that it’s hard to distinguish true capitalism from the trash system we have today. The discussion has alr…

debt-based monetary systems combined with free-market capitalism Uh…

I find it much easier to quote people point-by-point alternatively. For an entire post within one bracket the conventional method works. The question is, is it so terrible to quote unconventionally when addressing point-by-point?

Yes. It’s aesthetically unpleasing and many times confusing to a point that I find myself not even bothering to attempt to read posts that aren’t quoted in one of the two normal formats (i.e. html blockquote or indenting). I address point by point virtually all the time. I use the blockquote and p…

Before I post some more, I must say that this thread has been hands down the best thread I’ve ever read on any forum ever. So many economic fallacies are busted in clear, concise, and cutting words that this is sending my logic circuits buzzing at 110%. This thread should be stickied for future gene…

Capitalism = Destruction?

Economics Economics Questions

John_James November 30, 2011, 5:03pm 34

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Capitalism = Destruction?

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