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…

Oh I think it’s legit. I could see how this would be a plausible way to think if you never looked deeper: “Many may argue that the market controls the use of resources and keeps over-use at bay…but this doesn’t seem to be the case. Humans have already burnt through 1 trillion barrels of oil, (conce…

what I mean is it sounds a bit too canned…like it was taken from somewhere and just posted here, not from someone with legitimate concerns or an interest in discussing it or learning anything, but instead as more of a trolling.

Quite possibly, and then there’s all the tags. But hey, we gotta assume good faith at first. Still, I don’t even know where to start with this post. He pretty much lost me at “amazing professors.”

You have fallen prey to a lot of popular fallacies. You’re forgetting the other half of the foundation: losses and bankruptcy. This is a common mistake. The punditry constantly cite America as “a capitalist nation” but how can we be capitalist when bankers can bet trillions of dollars, keep the p…

The tags were just one more piece of it. Notice how they aren’t on topic but are just random economics-related things. The last half of them aren’t even separated…which is exactly how they would be if someone just copy-and-pasted a pre-packaged post.

@hanky: Any responses to my post? Clayton -

There is the Schumpeter (and Marx too) concept of Creative/Destruction which you may find interesting: http://en.wikipedia.org/wiki/Creative_destruction Though it does nothing to affirm your thoughts. Other than that, I think you may be missing what Subjective Value theory is - a key concept to u…

Easy there, chief. We get enough trolls/spam around here to make my doubt not at all unfounded. And I can assure you my post was not an attempt to avoid addressing your OP, as (as I would hope one would guess) there is virtually nothing you bring up that hasn’t been addressed ad nauseum, even in t…

Thank you Clayton, as you appear to be the only one so far who has responded intelligently. Back to the profit discussion: You’re forgetting the other half of the foundation: losses and bankruptcy. This is a common mistake. The punditry constantly cite America as “a capitalist nation” but how can w…

Capitalism = Destruction?

Economics Economics Questions

generalhanky November 30, 2011, 12:51pm 8

I can assure you it’s a “legitimate post”…now did you have something to add, or do you just reply to people’s posts with one sentence observations?

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Capitalism = Destruction?

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