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No, it has not failed. It's been manipulated by those in power who have been able to get government to change the rules of the game in favor of them. When they fail the government bails them out.
That is NOT capitalism.
Well until god can make scarce resources appear miraculously out of thin air and distribute them equally, then the poor are going to either have to skill up or accept that there will be people more skilled and more ambitious who will accumulate more wealth than them.
You expect someone to take care of that for you? There's the start of your problem.
But if you're stumped for ideas, go to a library, go do an internship, or better yet take a risk and start your own business. Failing that, do what most of us do and go into debt, go to school, then pay it off.
If capitalism was such a great system, then why are we in a major financial crisis, unemployment crisis and rising poverty, etc? Is there possibly a better system that hasn't been discovered or implemented yet? We already know the problems associated with communism/socialism.
Also, do you think that communism could work, but it just hasn't been implemented properly in real world situations?
I don't think U.S capitalism has failed. I think we need to stay specific with this. This was a problem with the housing market and the many institutions connected to it that failed and not the U.S capitalist system as a whole. When I went out yesterday to go shopping the majority of the stores,restuarants and other businesses that were operating before the collapse were still operating.
You expect someone to take care of that for you? There's the start of your problem.
But if you're stumped for ideas, go to a library, go do an internship, or better yet take a risk and start your own business. Failing that, do what most of us do and go into debt, go to school, then pay it off.
<scratching head>
WhereTF would a 50-yo get an INTERNSHIP? In this country, you have to be IN SCHOOL to get an internship. (If you're not in an accredited degree program, employers have to PAY you at least minimum wage, so they generally won't even consider nonstudents for internships. I know this because I've tried.)
Start your own business, indeed. I'm doing that now. But I'm doing it on a shoestring, and what I really need is to hire someone with Web skills (for a great website with ecommerce), but I can't afford to do that, so I'm struggling.
In capitalism one can rise from slave to slave driver, maybe even slave owner.
Capitalism promotes the idea that materialism is the ultimate meaning of life, and that the amount of materialism one owns indicates success or failure in life. This is evident in America, the world's staunch fortress of capitalism...America is materially wealthy, but culturally and spiritually hollow.
You expect someone to take care of that for you? There's the start of your problem.
But if you're stumped for ideas, go to a library, go do an internship, or better yet take a risk and start your own business. Failing that, do what most of us do and go into debt, go to school, then pay it off.
And going inbto debt isn't an option for me, literally.
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