Has capitalism simply failed?

[flobadob]

As we all know the world economy is pretty much in freefall and us irish and english seem to be going to feel the worst of it. My feelings are that it is the bankers of the world who have caused this, an elite few who have invented money which no actual person had access to in real terms. Now the general working man is taking the brunt of the burden of this financial crisis, of which, apparently the worst is yet to come.

So having listened to all the talk about this situation why has no one pointed out that capitalism has destroyed the world. It's disgraceful that the top 10% of people own 80% of the wealth on this planet if not more.

The ways to solve this bullsh*t running of the world are obvious but the people in charge of the world are all rich and in their ivory towers and will have to be dismissed. I feel that capitalism is fundamentally flawed. Yes, perhaps some people should have a more enjoyble lifestyle because they work hard and make a real difference to peoples lives, but how can you justify some guy having a wealth of �20 billion and another earning �10 a week. I'm sure there is sufficient wealth on this selfish planet to provide a decent life for it's current inhabitants.

Capitalism is wrong, it has failed, will I do anything about it? Probably not. But we all should.

One last question to you. Think about what you do weekly. Think about what you would say if asked the above notions on the spot.

Finally, what would God do?

[naomi24]

If we put all the money in the world into a big pot and shared it out equally, we would still very quickly end up with the rich and the poor because, human nature being what it is, some would work hard and use the money wisely to improve their lifestyles, and some would take the easy option until the money ran out, and then complain that they were broke and hard done-by. Despite popular misconception, communist societies are not devoid of their wealthy elite - far from it.

God wouldn't do anything. He never does.

[mallam]

Coz he's a capitalist, naomi (cf parable of the talents)

[mibn2cweus]

Capitalism hasn't failed. It was never given a chance. To the extent it ever did exist it was robbed of it virtue (the wealth it created through its defense of the right of those who created it to possess it) on two fronts.

On one hand you have those who desire a portion of the wealth they have not produced. On the other hand you have those who are all to willing to be in charge of the power thus afforded them to redistribute the wealth created in a quasi-free market place as they saw fit. It is this unfortunate marriage between beggars and thieves that inevitably sacrificed the producers to the undeserving looters in the interest of what otherwise would have been and inevitably must be a self-annihilating altruism that devoured capitalism before its full capacity to generate wealth was ever realised.

The desire and ability to produce wealth relies on a system of government that defends the right of those who are productive to keep the wealth they have earned. What has been realised in its place is a system that attempts to create an automatic assurance that those who have abnegated their responsibility to be self-sufficient are nevertheless guaranteed that they will be treated the same as those who acknowledge and accept responsibility for their own lives. What lies inescapably at the end of this road is the demise of the ability and desire to be productive which is the inevitable result of a lack of defense of those who once had the desire and ability. And so the time has come to pay the fiddler.

[mibn2cweus]

Instead of producers you are now witness to a world of those who seek the favours of those who control the redistribution. In failing to defend capitalism we are now all self-created victims of our own neglect and the foolish greed and envy of the rewards that should have been reserved solely for our neighbour�s virtues. But it is not the virtue you have destroyed you are complaining about. It�s that the supply of loot has finally run out for all but the most viscous breed of blood suckers you have yourself unleashed while turning a blind eye to what you should have been defending, the rights of the deserving to the earned.

[flobadob]

Well a lot of people are gonna be f**ked over the head of a few people controlling most of the wealth.