...since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military - industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
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Anonymous2007-06-05 2:29 ID:RKLgr+wa
>>1
Capitalism just like Marxism, Communism, Anarchy or Socialism will never exist as reality just isn't that simple. All the intellectuals who support their various ideologies have all wasted their lives and I pity them.
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Anonymous2007-06-05 2:32 ID:03lV84BT
>>1
laissez-faire capitalism is an ideal that can never be achieved, much like Communism.
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Anonymous2007-06-05 3:07 ID:RKLgr+wa
>>3
Truth. >>1
Why didn't you notice that? Retard.
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Anonymous2007-06-05 8:17 ID:jfZYNnFk
I'm not familiar with American history but wasn't the US laissez-faire capitalist until Roosevelt?
Socialists enjoy pretending that everytime something terrible happens it is due to stupidity when 99% of the time it is due to corruption or would have happenned anyway. Economists are not stupid, they knew that the booming 20s economic growth would cause a bubble and that it would burst, the wall street crash would have only been a correction in the market. Originally it was a correction in the market, but the avidly anti-laissez faire Hoover over-reacted and used it as a platform to sink the governemnt's teeth into the economy. By the time the markets had stabilised Hoover had whipped up such a panic long term shareholders believed that it was not a mere correction in the market but a complete crash.