(September 26, 2012 at 5:37 pm)5thHorseman Wrote: Capitalism is fantastic whatever way you look at it. Look at the communist revolutions, were they ever successful? No. Cuba; dump. Russia; went broke, corruption inside out(not the reasons Reaganites likes to believe or say, it had been falling apart since the 70's) caused it to stagnate then rot. China, only successful because of Deng Xiaoping's socialist market ideology, ensuring a weird commucapitalist system that stopped the insanity of Maoism. Vietnam is/has going/gone the same way as China.
Even social democracies, the midway-ish point, are based around the capitalist system. It's not perfect (capitalism), but it's a fuck sight better than communism. Work hard, die in a gulag or a shitty dacha no ta!
The only revolution that lives on successfully is the American revolution. The furthest from communism, which allowed capitalism and individuals to thrive. And even with grotesque debts it still thrives in comparison today.
I've certainly seen some people bad mouth capitalism all together, but I'm not going to do that. I'll say capitalism does generally work. However, unrestrained, uncontrolled capitalism is what led to the bad conditions that preceded the French and Russian revolutions. Capitalism needs controls and regulations to prevent corruption by the captains of industry and other general people with power and privilege.
However, this kinda brings up a question for me: what should our economic policy be? Should the government try to form an economic policy that's fair or an economic policy to help the nation?
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"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama
"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama