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Has capitalism failed, if so why?

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Has capitalism failed, if so why?
wuliheron
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Posted 10/31/09 - 05:20 AM:
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#31
A lot of people just lost their shirts and may actually find themselves happier for it.

Despite the recent credit failure surveys have repeatedly shown that people actually do have limits to their desires for more wealth. The few that don't seem to often rely on their wealth as a substitute for intimacy, a way of bolstering an otherwise less than satisfied ego. For example, surveys of people who win the lottery show that after the first few years the shine wears off and they are no more happier than they were before. Therefore you could easily argue that both capitalism and communism possibly have very real limitations based on the innate abilities of the human species.
atightropewalker
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Posted 10/31/09 - 05:31 AM:
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#32
wuliheron wrote:
A lot of people just lost their shirts and may actually find themselves happier for it.

Despite the recent credit failure surveys have repeatedly shown that people actually do have limits to their desires for more wealth. The few that don't seem to often rely on their wealth as a substitute for intimacy, a way of bolstering an otherwise less than satisfied ego. For example, surveys of people who win the lottery show that after the first few years the shine wears off and they are no more happier than they were before. Therefore you could easily argue that both capitalism and communism possibly have very real limitations based on the innate abilities of the human species.




I can't remember who it was but one philosopher (Epicurus, Mill?) said that pleasure was the absence of pain. And I honestly think it still seems largely true (I know logically irt may be suspect). But in any case I think one of lifes great pains is getting what you want and then realising it is not what you want. Life is as it is, I think how you reflect on it defines your happiness, if you look back at something unexpected and realised it was good for you then that is far greater than getting what you want and on reflection realizing it wasn't as good. Yet you managed to acheive what you wanted. It all depends on what you choose to reflect on.

And though I agree that both capitalism and communism have problems the way that life is has fallen into capitalism. We (as states) generally believe that opportunity is better than equality and freedom better than purpose, say for want of a better word. This has its limitations but until those stances change then capitalism is going to continue to make us unhappy (as we continue to fail to reach freedom and oppurtunity).

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sheps
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Posted 10/31/09 - 08:15 AM:
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#33
atightropewalker wrote:
I can't remember who it was but one philosopher (Epicurus, Mill?) said that pleasure was the absence of pain. And I honestly think it still seems largely true (I know logically irt may be suspect).


This sounds like Plato's analysis of material pleasure merely being a 'return to neutrality.'

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felixthecat
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Posted 11/01/09 - 04:11 PM:
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#34
iceman2 wrote:
I don’t’ see capitalism rectifying it’s self in the manner you refer to! Your view appears to be the ups and downs of a global capitalist economic system are somehow driven and self controlled almost without significant influence from a few individuals or groups. I feel the system has been skillfully manipulated and controlled by a small number of banksters and megalomaniacs who have manipulated the global governments and economic structures to place themselves in a position of almost absolute and total control of the entire global economy. To me this indicates the existing system as become so corrupt and unreasonable it has to be torn down and replaced with something else. How that would be achieved is another question but it’s effectively beyond repair or salvage!


I'm sorry but if you think the entire economic system is being run by a few influential people, would you please enlighten the world as to who these people are and how they are controlling everything? This entire idea is absolutely ridiculous, the global economy being run by a small number of banksters? Really?

Capitalism has shown a history for centuries to go through economic boom-bust cycles without government restrictions. It was not uncommon 150+ years ago to go through two depressions within one's lifetime. What the world is experiencing now is one of those busts, one of the depressions, because we are so globally connected through trade. as we recover we will see growth, and if we get the right restrictions in place, hopefully stability for a longer amount of time. We have yet to reach this point in the US but we are on our way (hopefully!)

The only way capitalism would fail would be if we stopped seeing economic growth in capitalist societies, which we have not.

:o
willem
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Posted 11/02/09 - 04:57 AM:
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The system is obviously flawed, like most systems are to some degree. When pressure rises (energy costs up in this case), the system fails at its weakest point first. If nothing is done, the system will break again at the same point when pressurised. When something is done, the system will still fail but at another weak point when pressurised again (which is guarantied to happen within a few years). There are only so many possible solutions.
1 Change to a significantly less flawed system (drastic - and which?),
2 try to update this system - patch up all the weaknesses (tough, possibly ends with a much bigger breakdown),
3 make sure the system is never pressurised (tough, possibly naïve),
4 make sure the system is pressurised slowly, so that it has time to adapt (needs education & leadership - boiled frog syndrome?)
5 make the system quickly adaptable to change in pressure (genius - genius needed, that is)

Good luck, have fun.

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