Worldwide view of capitalism being seriously flawed

magic452 · 11-10-09, 01:26 AM

Poles like the first one are pretty much useless IMO.

Taking a pole like this during a major recession is going to give a very predictable result. Nobody is happy with the state of the economy and they vote that way.

Take the same pole 3 years ago when the world economy was booming and you would have had a very different set of numbers.

Take it 3 years from now and if things are going good you will see about the same as 3 years ago. With the mess we're in now maybe should make that 6 yr. from now.

Magic

Platapus · 11-10-09, 08:14 PM

In looking at the state of the United States during the 19th century when we were as close to a "pure" capitalistic system as you could get, I would say it had some flaws. The biggest flaw being that it involves humans and human nature.

I am not aware of any society that is a pure capitalistic system these days so this poll question may be a pointed moot.

Shearwater · 11-10-09, 08:32 PM

Quote:

Originally Posted by magic452

Taking a pole like this during a major recession is going to give a very predictable result. Nobody is happy with the state of the economy and they vote that way.

I beg to differ; it rather indicates the bottom line of approval.
The vast majority of people still support capitalism in general (though I think the French are against anything, as a matter of principle

), so I guess the biggest shift is from "no regulation" to "some regulation", and the really large battles are fought about what "some" actually means.
Asking people about capitalism during an economic boom will lead them to confuse the system as a whole with their current economic position.
It reminds a bit of what I once said about my old stereo - "It worked well until something got broken."

August · 11-10-09, 08:58 PM

Quote:

Originally Posted by Shearwater

I beg to differ; it rather indicates the bottom line of approval.
The vast majority of people still support capitalism in general (though I think the French are against anything, as a matter of principle

), so I guess the biggest shift is from "no regulation" to "some regulation", and the really large battles are fought about what "some" actually means.
Asking people about capitalism during an economic boom will lead them to confuse the system as a whole with their current economic position.
It reminds a bit of what I once said about my old stereo - "It worked well until something got broken."

Even broken I think it still works better than any other system with a comparable level of personal liberty.

Aramike · 11-11-09, 01:02 AM

I, in fact, agree that capitalism is fatally flawed. I even began a thread about it awhile back: http://www.subsim.com/radioroom/showthread.php?t=154340

On the other hand, I also agree with August - its the best we've got. Considering that we're in an era of unchecked population growth and limited resources, capitalism is the only thing close to "fair" economics there is.

Ultimately, however, it WILL fail for reasons outlined in the thread linked above.

11-10-09, 01:26 AM	#1
magic452 Sea Lord Join Date: Sep 2007 Location: Reno Nevada USA Posts: 1,860 Downloads: 85 Uploads: 0	Poles like the first one are pretty much useless IMO. Taking a pole like this during a major recession is going to give a very predictable result. Nobody is happy with the state of the economy and they vote that way. Take the same pole 3 years ago when the world economy was booming and you would have had a very different set of numbers. Take it 3 years from now and if things are going good you will see about the same as 3 years ago. With the mess we're in now maybe should make that 6 yr. from now. Magic __________________ Reported lost 11 Feb. 1942 Signature by depthtok33l

11-10-09, 08:14 PM	#2
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,377 Downloads: 63 Uploads: 0	In looking at the state of the United States during the 19th century when we were as close to a "pure" capitalistic system as you could get, I would say it had some flaws. The biggest flaw being that it involves humans and human nature. I am not aware of any society that is a pure capitalistic system these days so this poll question may be a pointed moot. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

11-11-09, 01:02 AM	#5
Aramike Ocean Warrior Best of SUBSIM Chairman Join Date: Dec 2008 Location: Milwaukee, WI Posts: 3,207 Downloads: 59 Uploads: 0	I, in fact, agree that capitalism is fatally flawed. I even began a thread about it awhile back: http://www.subsim.com/radioroom/showthread.php?t=154340 On the other hand, I also agree with August - its the best we've got. Considering that we're in an era of unchecked population growth and limited resources, capitalism is the only thing close to "fair" economics there is. Ultimately, however, it WILL fail for reasons outlined in the thread linked above.