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Capitalism simply isn't working and here are the reasons why

winnipegjets

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nothing has changed. Crisis after crisis will happen.

And the status quo cannot be sustained. How long can 25 percent unemployment and underemployment continue? How long can the current generation accept that they are going nowhere in their lives?

Change or change will sweep the elites.
 

Leongsam

High Order Twit / Low SES subject
Admin
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Are you willing to put down millions to protect a few? You would. Heil Hilter Sam Leong.

I'm not suggesting genocide but the punishment should send a signal that causing problems just because you're jealous of successful people will not be tolerated.

Perhaps they should be sent to some penal colony so they can no longer cause problem for the law abiding members of society.
 

winnipegjets

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I'm not suggesting genocide but the punishment should send a signal that causing problems just because you're jealous of successful people will not be tolerated.

How could there be a civil society when the masses are impoverished while a handful are enjoying the luxury of life?

Perhaps they should be sent to some penal colony so they can no longer cause problem for the law abiding members of society.
There isn't enough space for the masses. The rich minority should go to that isolated colony instead.
 

Leongsam

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How could there be a civil society when the masses are impoverished while a handful are enjoying the luxury of life?

Giving those who deserve to be impoverished FREE money so they can enjoy life without having to earn their keep isn't a civil society. It's a sick society.
 

freedalas

Alfrescian
Loyal
I don't see anything wrong with inequality. It's natures way.

Equality was tried out and it crashed and burned in no time at all.

As usual, you fail to see the real issues, or more likely, chose not to see. Instead you come up with motherhood statements and cliches.

Capitalism has now been identified as the creator of social ills because it was left festering for so long that the rich and powerful had used it to create opportunities only to make themselves richer and more powerful. At the same time, depriving those below any opportunities to climb up the ladder. It is an artificial inequality that is being created. There's nothing natural about it.

Capitalism was the right way to create equal opportunities a century back but it turned into a Frankenstein as governments all over the world refused to intervene even though the negative consequences were plain to see. Often citing the old adage "to leave to market forces" as an excuse, governments do not intervene because they themselves are benefiting from capitalism with vested interests in state own enterprises (as the case in Singapore) or are stakeholders in one way or another.

So do not try to fool the less discerning here with your ad nauseam comments.
 

Leongsam

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Capitalism has now been identified as the creator of social ills because it was left festering for so long that the rich and powerful had used it to create opportunities only to make themselves richer and more powerful. At the same time, depriving those below any opportunities to climb up the ladder. It is an artificial inequality that is being created. There's nothing natural about it. .

Everybody has gained from capitalism. Just because some gain more than others does not mean the system is flawed. What is does mean is that people are not equal and the reason for this is genetic.

If you want stark evidence that capitalism works, you need look no further than the fact that the world population has bit 7 billion which means that the species is thriving under to present system. The advances brought about by the capitalist system means we now die much less often and live far longer.
 

Leongsam

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You underestimated the power and strength of peasants. Once they collectively turn against you they are unstoppable.

You over estimate the intelligence of the human race.

The peasants brought down the French monarchy and after going through all that trouble, they promptly replaced it with a dictatorship! :rolleyes:

Smart people will always rule over stupid people. That's the way it's supposed to be.
 

winnipegjets

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You over estimate the intelligence of the human race.

The peasants brought down the French monarchy and after going through all that trouble, they promptly replaced it with a dictatorship! :rolleyes:

Smart people will always rule over stupid people. That's the way it's supposed to be.

There are good smart people and there are evil smart people. Fortunately, the former is a majority.
 

winnipegjets

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Giving those who deserve to be impoverished FREE money so they can enjoy life without having to earn their keep isn't a civil society. It's a sick society.

Making people work for wages that can't even sustain decent living is totally acceptable then? It is a sicker society, returning to the days of slavery.
 

winnipegjets

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Everybody has gained from capitalism. Just because some gain more than others does not mean the system is flawed. What is does mean is that people are not equal and the reason for this is genetic.

The author is not advocating equality. We are all know equality is not possible. But it doesn't mean that we should accept exploitation. There is NO reason that the owners of capital, which is a minority, should have a stranglehold on how society should operate. And the point made by the author is that as the income inequality gap widens, society will fall apart.



If you want stark evidence that capitalism works, you need look no further than the fact that the world population has bit 7 billion which means that the species is thriving under to present system. The advances brought about by the capitalist system means we now die much less often and live far longer.

You forgot that the addition billions come from China and India where capitalism is in its infancy.
Capitalism in its current form is not sustainable unless force is used to subdue the masses. Is that what you advocate?
 

Leongsam

High Order Twit / Low SES subject
Admin
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Making people work for wages that can't even sustain decent living is totally acceptable then? It is a sicker society, returning to the days of slavery.

Before the age of capitalism when mankind still lead a normadic or agricultural existence, most people had no wages whatsoever. Those who couldn't feed themselves simply starved to death.

Nowadays a "decent living" is defined as housing, clothing, sanitation, electricity, entertainment, leisure, transport etc so you have to admit that capitalism has increase the quality of life of 95% of the humans on this earth more than a hundred fold.

The problem in this day and age is no longer about survival. It's about meeting expectations which have grown exponentially in a short period of time. Everybody wants a smart phone and nike shoes. When they can't afford it, they claim they're suffering in poverty. :rolleyes:
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
The author is not advocating equality. We are all know equality is not possible. But it doesn't mean that we should accept exploitation. There is NO reason that the owners of capital, which is a minority, should have a stranglehold on how society should operate. And the point made by the author is that as the income inequality gap widens, society will fall apart.

You forgot that the addition billions come from China and India where capitalism is in its infancy.
Capitalism in its current form is not sustainable unless force is used to subdue the masses. Is that what you advocate?

Nobody has a stranglehold on anything in this day and age especially when much of today's wealth has come from creativity rather than ownership of bricks and mortar or other physical resources.

I see no reason why the current system isn't sustainable and I doubt very much if the "masses" will revolt. There will be certain groups that are disgruntled because they feel that they're missing out. The law should deal with them in no uncertain terms.

The "occupy" movement came to nothing too. The protestors couldn't even give a coherent answer as to what they were protesting about when asked. Most of them have now gone back to earning a living like the rest of us.

And if you look at the issue in a local context you can see for yourself that the majority are very happy as queues for the latest smart phones are always larger than the attendees at anti PAP events.
 

frenchbriefs

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Before the age of capitalism when mankind still lead a normadic or agricultural existence, most people had no wages whatsoever. Those who couldn't feed themselves simply starved to death.

Nowadays a "decent living" is defined as housing, clothing, sanitation, electricity, entertainment, leisure, transport etc so you have to admit that capitalism has increase the quality of life of 95% of the humans on this earth more than a hundred fold.

The problem in this day and age is no longer about survival. It's about meeting expectations which have grown exponentially in a short period of time. Everybody wants a smart phone and nike shoes. When they can't afford it, they claim they're suffering in poverty. :rolleyes:

i dont think its capitalism thats responsible for our quality of life,more like industrialisation and advancement of technology.even without capitalism i think civilisation would still advance as it always had since human civilisations thousands of years ago......humans are constantly inventing new things and improving processes of doing things.

capitalism on the other hand only seeks to destroy and exploitate.if mankind focused purely on science and technology we might have achieved a star trek standard of living today.
 
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Leongsam

High Order Twit / Low SES subject
Admin
Asset
i dont think its capitalism thats responsible for our quality of life,more like industrialisation and advancement of technology.even without capitalism i think civilisation would still advance as it always had since human civilisations thousands of years ago......humans are constantly inventing new things and improving processes of doing things.

capitalism on the other hand only seeks to destroy and exploitate.if mankind focused purely on science and technology we might have achieved a star trek standard of living today.

Compare North and South Korea and you have your answer. Capitalism drives innovation through competition. If Apple and Samsung were not locked in an all out war, blackberries and nokias would still be around.
 

frenchbriefs

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Compare North and South Korea and you have your answer. Capitalism drives innovation through competition.

singapore is proof that u can have capitalism without innovation,only exploitation and monopolisation and non competion and cronyism.hence capitalism=destructive.

thats why standard of living in singapore has been sinking rapidly,too much capitalism not enough brains and scientists.
 
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winnipegjets

Alfrescian (Inf)
Asset
Before the age of capitalism when mankind still lead a normadic or agricultural existence, most people had no wages whatsoever. Those who couldn't feed themselves simply starved to death.

Nowadays a "decent living" is defined as housing, clothing, sanitation, electricity, entertainment, leisure, transport etc so you have to admit that capitalism has increase the quality of life of 95% of the humans on this earth more than a hundred fold.

The problem in this day and age is no longer about survival. It's about meeting expectations which have grown exponentially in a short period of time. Everybody wants a smart phone and nike shoes. When they can't afford it, they claim they're suffering in poverty. :rolleyes:

Unbridled capitalism is flawed - that's the thesis.
Remember, economy grows only when there is consumption. If the masses have less, there will be less consumption and economic growth stalls. That's what we are experiencing right now. Your solution is ??????
 

Leongsam

High Order Twit / Low SES subject
Admin
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singapore is proof that u can have capitalism without innovation,only exploitation and monopolisation and non competion and cronyism.hence capitalism=destructive.

thats why standard of living in singapore has been sinking rapidly,too much capitalism not enough

Singapore is an excellent example of a success story. The proof of the pudding is in the eating and no matter how you look at it, you cannot deny the fact that Singaporeans lead great lives.
 

kaipoh

Alfrescian
Loyal
Well said man! he should come back and serve the #1 cuntry and contributes more for us.
most importantly, let me earn some commissions by recommending you to lhl for 2millions and 6 months bonus minister post.


i think u better stfu and move back to number 1 city in the world sinkieland land of meritocracy and stop being a parasite leeching in new zealand.
 

neddy

Alfrescian (Inf)
Asset
Capitalism simply isn't working and here are the reasons why
Like Friedman, Piketty is a man for the times. For 1970s anxieties about inflation substitute today's concerns about the emergence of the plutocratic rich and their impact on economy and society. Piketty is in no doubt, as he indicates in an interview in today's Observer New Review, that the current level of rising wealth inequality, set to grow still further, now imperils the very future of capitalism. He has proved it.

Humans are great at distorting in concepts like Capitalism and Socialism because humans are not made for complexity.

The world I know started off with equality, everyone in town have similar opportunties in the post war re development, then the years went by and the smarter ones (not necessary the scholars) and lucky ones went ahead of everyone else. And we end up with a economic class divide.

Fast forward today, the younger folks now lived in a divided world. The rich are giving the jobs to the fellow rich. There are few pickings - unlike the olden days. We also have a population exploration.

Population_curve.svg



With all the backscratching among leaders and the rich, there will be no return to equality. Capitalism is manipulated to create permanent economic classes. Meanwhile, those down the wealth curve are left with slim pickings with little prospects of joing the wealthy.
 
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