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 ...
They had better stop electing marxists to run their economies, then.
The only way an economic crisis could end capitalism is if society forgets to fight back against the Bolsheviks.
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
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Bailouts only delay the inevitable and make it much worse in the end.
Isn’t that their end game? Ending capitalism?
Not really. False dichotomy. Capitalism would flourish under a world economic collapse, just not at the level we see today.
I’m all for destroying (crony)Capitalism-as-we-know-it. Let’s get back to the “natural” order of things.
If people had not already come to that conclusion, I think the last financial implosion proved we do not have a capitalist economy.
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.
The left side of that photo of Obama at blackboard is cut off.
The word before “Analysis” is “Power”.
Islamic communism is the only answer
Capitalism would flourish under a world economic collapse, just not at the level we see today.
You are absolutely right.
I have a nit to pick here:
It wouldn’t destroy “capitalism”.
It would destroy a free market economy.
Why can’t the world afford another crash?
It can afford another bubble.
The two are mirror images of each other.
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
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.
hmmm. tin foil hat generating power at 50% capacity.
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