The Wall Street crisis and the failure of American capitalism

[Syko Sniper]

interesting reading, some of you are very smart. But the bottom line is that you (Americans) and even us (Aussies) need to stop spending what we dont have.

 

[Mr. Nice Guy]

This is true, but Communism is destroying the planet too. Both communism and capitalism are growth-based, both ignore the simple fact that indefinite growth is impossible. So it is in no way a more stable kind of society.

By the way, I don't think there exists a good social system

Co-sign 100%


Humans are inherently flawed enough that we will inevitably be the cause of our own demise. (assuming an asteriod/virus/aliens/etc doesn't do us in first)


Re-post your original post if you can find it.

 

[2-0-Sixx]

I've said it before and I'll say it again. Capitalism is great for an economic system, but not for a political system.

Really? Great for who?

Again, over half the planet is poor because of Capitalism.

 

[rekomstop]

basically what ThaG said.
small communities will and have survived since the dawn of man.
i'm talkin bout, farming small animals, learning how to kill large animals efficiently(guns don't last forever), learning how to plant and know which part of plants and diff. wild things are edible.

i'm talkin basic survival, if we all knew basic survival shows like man vs. wild wouldn't be so popular cause it would be common knowledge.

the people, especially of united states have grown away from this traditional knowledge, and just educating yourself again could save your life.

 

[Lordbyron]

I don't need to offer any "specific" alternative model, and it was never my intention to give one. However, I thought I made it perfectly clear that I believed Capitalism must be destroyed, and replaced with a system that places control in the hands of the people. So that's what I suggest take the place of Capitalism. Myself and others have given you reasons why it must be destroyed, but you have yet to give a legitimate reason why it must exist other than the possibility of a Great Depression, which is not likely to happen if a true revolutionary program where community control is implemented.

I'm not arguing in favor of Capitalism... I'm arguing AGAINST "economic collapse"... You're in a hurry to see our current economic system fail... I'm not... I don't think Capitalism is flawless... Far from it... Can it use some improvements...? Of course... I'm all for supporting a newer, better, bigger model (or way of thinking) but when I ask what that newer, better, bigger system might be I get a very vague "something that places control in the hands of the people"... Well I'm asking, what's that "something"...? Control in the hands of which "people"...?

 

[Lordbyron]

I have news for you - there is no need to ask anybody about what standing in line for bread and other most basic necessities is like because I have been standing in these lines for the first 10 years of my life. And I am ready to bet you have no idea what it is to have no electricity or water for most of the day.

Where are you from...? And you're right... I've never been without electricity or water for an extended length of time...

 

[GTS]

science boy is from the balkans

 

[kayvee]

dow back up 410.

gold is up.

oil is down.

dollar is down.

fun times!

~k.

 

[ThaG]

that's a good book to read:

http://www.amazon.com/Reinventing-Collapse-Example-American-Prospects/dp/0865716064

the basic ideas can also be found here:

http://docs.google.com/View?docid=dtxqwqr_20dc52sm

 

[ThaG]

lol

http://www.npr.org/templates/story/story.php?storyId=94617079

The U.S. Treasury says America has now agreed to get a stability assessment from the IMF

 

[Lordbyron]

the basic ideas can also be found here:

http://docs.google.com/View?docid=dtxqwqr_20dc52sm

That article sums it up pretty well...


But some of these ideologues have NO idea what kind of chaos would erupt after an "economic collapse"... NONE...!

 

[HERESY]

I don't know which will be the greatest story of the century, america being smacked with nukes or america imploding.

We'll all have good times. Me? I'll be doing what I usually do. Sipping my Ice Teeeeeeeeeeeeeeeeeeeeeeeeaaaaaaaaaaaaaaaaa.

 

[kayvee]

the basic ideas can also be found here:

http://docs.google.com/View?docid=dtxqwqr_20dc52sm

i would have to walk to central america and deal with those existing conditions there. at least there i can deal with taking a cold shower.

~k.

 

[ClickClack]

had to go to wamu for the second time this week to make sure that everything would be covered by fdic..just so happens that it wasn't..rearranged some cd's and added beneficiaries...that bank better not go under..been following it pretty closely on the news

 

[1/2 On It]

This is true, but Communism is destroying the planet too. Both communism and capitalism are growth-based, both ignore the simple fact that indefinite growth is impossible. So it is in no way a more stable kind of society.

By the way, I don't think there exists a good social system; the problem with all of them is their inability to cope with the tragedy of the commons. I had a long post some time ago where I explained why any system you can imagine is bound to collapse because of that, I don't think that many people read it so I will try to find it and post it again

Any type of specialized complex society, where every individual has a specialty job and everyone is relying on each other for survival, is bound to be vulnerable to collapse (domino effect). Versus if we all had the ability to survive on our own which is virtually impossible today with this large of a population. We all rely on each other and the system to survive.

 

[Syko Sniper]

where you from in the Balkans Tha G, I got fam there

 

[kayvee]

aaaaaah yes the wall street crisis lovin it.

~k.

 

[Mr. Nice Guy]

aaaaaah yes the wall street crisis lovin it.

~k.

LOL


Tell me about it.

WM 2.14 to 4.05 in a matter of days! :knockout::knockout:

 

[kayvee]

LOL ya know!

i made $500 in less than 48 hours.

/hands everyone a tissue

~k.

 

[WHITE DEVIL]

lol
bank is losing billions, fuck it let's give out bonuses to our execs. lol what a world those elite live in.

The boards of major firms and corporations are crony stiffs, populated through favoritism and nepotism. Thats why they always award the execs ridiculous sums.