Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The world can't afford another financial crash – it could destroy capitalism as we know it
The Telegraph ^ | February 11, 2016 | Allister Heath

Posted on 02/11/2016 7:29:27 AM PST by Biggirl

They bounce back after terrorist attacks, pick themselves up after earthquakes and cope with pandemics such as Zika. They can even handle years of economic uncertainty, stagnant wages and sky-high unemployment. But no developed nation today could possibly tolerate another wholesale banking crisis and proper, blood and guts recession.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; News/Current Events; United Kingdom
KEYWORDS: europe; financialcrisis; usa
Navigation: use the links below to view more comments.
first 1-2021-39 next last

1 posted on 02/11/2016 7:29:27 AM PST by Biggirl
[ Post Reply | Private Reply | View Replies]

To: Biggirl

They had better stop electing marxists to run their economies, then.


2 posted on 02/11/2016 7:31:43 AM PST by Boogieman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

The only way an economic crisis could end capitalism is if society forgets to fight back against the Bolsheviks.


3 posted on 02/11/2016 7:31:47 AM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Ah globalism, unfair trade, currency-exchange-rate games, FIAT currency, excess spending and money printing have all but killed capitalism.

So naturally, socialism is the solution. /sarc


4 posted on 02/11/2016 7:31:55 AM PST by baltimorepoet
[ Post Reply | Private Reply | To 1 | View Replies]

To: laplata

.


5 posted on 02/11/2016 7:32:13 AM PST by laplata ( Liberals/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Bailouts only delay the inevitable and make it much worse in the end.


6 posted on 02/11/2016 7:32:28 AM PST by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Isn’t that their end game? Ending capitalism?


7 posted on 02/11/2016 7:33:32 AM PST by Jane Long (Go Trump, go! Make America Safe Again :)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Not really. False dichotomy. Capitalism would flourish under a world economic collapse, just not at the level we see today.


8 posted on 02/11/2016 7:33:55 AM PST by Fhios (circa 2016: Truth will be outlawed unless pre-approved.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

I’m all for destroying (crony)Capitalism-as-we-know-it. Let’s get back to the “natural” order of things.


9 posted on 02/11/2016 7:34:09 AM PST by sevlex
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

If people had not already come to that conclusion, I think the last financial implosion proved we do not have a capitalist economy.


10 posted on 02/11/2016 7:39:43 AM PST by gdani ("I can be the most politically correct person you have ever seen")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Capitalism. Riiiight...

11 posted on 02/11/2016 7:44:46 AM PST by Snickering Hound
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator
Bailouts only delay the inevitable and make it much worse in the end.

It's Chaos Theory. Everything has a natural ebb and flow that keeps things...nature, economy, animal populations etc from spinning out of control. If the natural ebb and flow is manipulated, at some point it can't be manipulated any more. At that point, chaos happens.

I just took a look at gold and silver prices. They've been manipulated low for ages, probably to keep money in the stock market and bogus bank money. Today, they're up sharply. I'm wondering if that's an indication that the puppetmasters are losing control of the global economy.

12 posted on 02/11/2016 7:45:37 AM PST by grania
[ Post Reply | Private Reply | To 6 | View Replies]

To: Snickering Hound

The left side of that photo of Obama at blackboard is cut off.

The word before “Analysis” is “Power”.


13 posted on 02/11/2016 7:52:13 AM PST by Safrguns
[ Post Reply | Private Reply | To 11 | View Replies]

To: Biggirl

Islamic communism is the only answer


14 posted on 02/11/2016 7:52:19 AM PST by MrBambaLaMamba (Obama - "I will stand with the Muslims")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fhios

Capitalism would flourish under a world economic collapse, just not at the level we see today.


You are absolutely right.


15 posted on 02/11/2016 8:00:11 AM PST by laplata ( Liberals/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Biggirl

I have a nit to pick here:

It wouldn’t destroy “capitalism”.

It would destroy a free market economy.


16 posted on 02/11/2016 8:01:59 AM PST by T-Bone Texan (The economic collapse is imminent. Buy staple food and OTC meds now, before prices skyrocket.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Why can’t the world afford another crash?

It can afford another bubble.

The two are mirror images of each other.


17 posted on 02/11/2016 8:07:36 AM PST by Attention Surplus Disorder (I apologize for not apologizing.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Biggirl

Afford has nothing to do with it at this point.

The Rubicon shouldn’t have been crossed when Central Banks and our Federal Reserve decided to obfuscate and bail out the banks in 08. To big to fail banks only became bigger with mark to fantasy accounting.

giddyup


18 posted on 02/11/2016 8:13:54 AM PST by zek157
[ Post Reply | Private Reply | To 1 | View Replies]

To: Attention Surplus Disorder

Capitalism is the application of reason to the problem of scarcity. That said, as long as reason is our guide, capitalism will not be destroyed.


19 posted on 02/11/2016 8:26:02 AM PST by huckfillary
[ Post Reply | Private Reply | To 17 | View Replies]

To: Biggirl
"History never repeats itself exactly, but the last time a recession was met by pure, unadulterated populism was in the Thirties, when the Americans turned a stock market crash and a series of monetary policy blunders into a depression. President Herbert Hoover signed into law the Smoot-Hawley Tariff Act, dreamt up by two economically illiterate Republican senators, slapping massive taxes on the imports of 20,000 goods and triggering a global trade war. It was perhaps the most economically destructive piece of legislation ever devised, and it took until the Nineties before the damage was finally erased."

hmmm. tin foil hat generating power at 50% capacity.

20 posted on 02/11/2016 8:26:06 AM PST by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-39 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson