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Not at all.even the chinese have adapted their system to capialist ideas. They for example took million of guarntee income in recent years.But then China encourages business and the growth it brings ;not make it the evil empire as the present failing administration does.Even Clinton knoew that without business doig well there was no growth.
This guy is a genius, this was written in 2008. I find much of it is coming true right now. I hope much of the damage this Pres and Congress are imposing on America, can be reversed, down the road. I think the deeper we get in the muck, the more ppl are going to revolt and the next Pres will have tons of pressure to move America more to the right. The article link above is a must-read.
A few telling excerpts:
Corruption and fraud in the accounting practices of many companies are coming to light. There are those who would have us believe this is an integral part of free-market capitalism. If we did have free-market capitalism, there would be no guarantees that some fraud wouldn't occur. When it did, it would then be dealt with by local law-enforcement authority and not by the politicians in Congress, who had their chance to "prevent" such problems but chose instead to politicize the issue, while using the opportunity to promote more useless Keynesian regulations.
We cannot depend on government to restore trust to the markets; only trustworthy people can do that. Actually, the lack of trust in Wall Street executives is healthy because it is deserved and prompts caution. The same lack of trust in politicians, the budgetary process, and the monetary system would serve as a healthy incentive for the reform in government we need.
Markets regulate better than governments can. Depending on government regulations to protect us significantly contributes to the bubble mentality.
These moves would produce the climate for releasing the creative energy necessary to simply serve consumers, which is what capitalism is all about. The system that inevitably breeds the corporate-government cronyism that created our current ongoing disaster would end.
Capitalism didn't give us this crisis of confidence now existing in the corporate world. The lack of free markets and sound money did. Congress does have a role to play, but it's not proactive. Congress's job is to get out of the way.
Capitalism is a failure for some and a success for others. My personal opinion is that it is a failure to the masses and a benefit to some. Also Capitalism recklessly depletes natural environments, destroys traditional cultures, and throws morality/compassion/ethics/love out the window. Capitalism is basically neo-slavery and exploitative pillaging without the chains.
Traditional Capitalism is basically a milder version of what we have today in America, which is Corporate Fascism. Corporate Fascism is when our governments sold us out by putting both feet in the kettle and said "we are creating a government by and for the Fortune 500 and any other multinational corporation who gives generous bribes, good luck poor people and we will see you in hell".
Actually, I would leave out the word "capitalism" since it doesn't apply. The real culprit is "government interference" where it not only doesn't belong, but is unconstitutional.
Government interference is necessary in the form of regulations, not by way of lobbyists from blood sucking corrupt corporations that own our representatives. We desperately need Campaign Finance Reform.
As a business owner who grew a wonderful business from scratch to having 20+ employees, capitalism is the ONLY way America can survive.
Small businesses run our country and we need the government to get the heck out of the way and allow small businesses to grow and make enough money without taxing them to death so they can hire people.
If capitalism totally fails in America we will become a third world nation.
If anything the government needs to back up the small businesses and help them export our goods around the world and STOP foreign imports from killing our small businesses. Other then that, they need to stay out of the way and stop taxing us to pieces while 47% of Americans pay zero taxes.
Small business that grow need to be the heart and soul of Americans growth.
We need to become the industrialized nation in small parts like we used to be.
Unless we go back to what we were good at, we will die.
We need to be nation of risk taking entrepreneurs to get us going again.
The answer the question.
No it has not failed yet because the good hard working people wont allow it. We need to get the government out of our lives and businesses and anyone who is against the growth of America and capitalism needs to leave as you are doing nothing but hurting America.
No more handouts, no more government in our lives. Work for what you want and earn what you have. That is the real American way.
Capitalism is a failure for some and a success for others. My personal opinion is that it is a failure to the masses and a benefit to some. Also Capitalism recklessly depletes natural environments, destroys traditional cultures, and throws morality/compassion/ethics/love out the window. Capitalism is basically neo-slavery and exploitative pillaging without the chains.
Traditional Capitalism is basically a milder version of what we have today in America, which is Corporate Fascism. Corporate Fascism is when our governments sold us out by putting both feet in the kettle and said "we are creating a government by and for the Fortune 500 and any other multinational corporation who gives generous bribes, good luck poor people and we will see you in hell".
No it hasn't failed....they're trying like h3ll to make it fail so that they can claim that capitalism doesn't work. It's all the interference....mandates...restrictions....they have to be careful when they attempt to fix a problem with mandates. It may have fixed the problem but, no one seems to be willing to acknowledge any new problems it may have created. They tend to also have a domino effect sometimes and begin to create problems in other industries that have nothing to do with the industry the original mandate was placed on.
They also put the little guy out of business first....because they just don't have the kind of money the big corporations have....and then there's no competition left.....it's the mandates that do it.
Capitalism, as defined, was killed off in 1935 by the Socialist InSecurity Act.
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