We will never return to capitalism as we know it - page 2.

palle11

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Quote from: The Sceptical Chymist on April 27, 2020, 06:38:27 PM

In any case, we're not approaching the end of capitalism. It's alive and well and will survive and thrive when other economic systems go bust. Why? Because it allows ownership of property and the potential to create wealth. It's certainly not a perfect system by any means, but it's a hell of a lot more attractive than some of the alternatives.

Is obvious that capitalism is the system for modern age. The survival of the fittest theory best support the capitalism system. The theory encourages individual growth to the benefit of the country and society in general/world. This system has produced a lot of entrepreneurs which are called bourgeois and allowing for the other side called proletariat to progress into bourgeois not limited to class alone - that is the surviving fit of humans in the society and this is guaranteed by capitalism. It has been the system most benefiting the society and technological age we are enjoying now.

On the other way for people who are not favouring the capitalism, they should pressure on the government to be active on their contract with the people on security and regulation or regulating the capitalism system or capitalist activities, otherwise this is the system that has recorded much economic growth and other growth in the sphere of human life.

Naida_BR

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We are not going to return to capitalism as we know but the same goes to socialism as well.
There is not any viable system that could be the one or the other.
It will be a mixture of the two in order to keep a balance in metrics that cannot be improved in capitalism or in socialism itself.

fiulpro

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Not just capitalism , but the government did prove that they are inefficient in handling situations like this , they cannot even contain their own citizens , they need to reform the whole government, otherwise the next pandemic will be the end of everyone.
One needs to understand that , society should not be ruled , it should be supported . The leaders are servants , not the King , that is how it should have gone. But instead the corruption have paved the way inside and now it is struggling to be kept together.
Situation is very serious and proper reforms needs to be made in particular sectors .

hatshepsut93

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Marxists were saying that capitalism has just a few years left to live for how long already - 150 years? And even though people think that capitalism emerged after feudalism, the core elements of capitalism existed for as long as civilization and society exist, because having property and exchanging it with others is a part of human nature. Capitalism will never die.

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And there you have it: the US is now (and has been for the past decade) just a more dignified form of USSR-style central planning, one where prices are set by decree and a decline in asset levels is prohibited for one simple reason

This is just bullshit from someone who has no idea how life was in USSR.

exstasie

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Quote from: jackg on April 27, 2020, 06:29:20 PM

I don't think the US was every a free market capitalist country... It's probably hard to swallow for a lot of people from the US but the government often interferes with monetary policy and other areas it wouldn't if it were fully free market capitalist such as regulations from the fda.

Yep, the US is clearly a mixed economy, free markets with state intervention. QE was just yet another policy in a very long history of state interventions.

Quote from: The Sceptical Chymist on April 27, 2020, 06:38:27 PM

It's a Zerohedge article, bro. What kind of insubstantial end-of-the-world nonsense do you expect from that site?

And since it's from ZH, I'm not clicking on the link or reading it.

The trick is to look at ZH's sources. It's not Tyler Durden who made these comments, it was a prominent investment executive at a firm with 270 billion USD under management. I suggest reading the actual letter: https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/prepare-for-the-era-of-recrimination

The Sceptical Chymist

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It's a Zerohedge article, bro. What kind of insubstantial end-of-the-world nonsense do you expect from that site?

And since it's from ZH, I'm not clicking on the link or reading it. I know I'm not alone and that other members have the same reaction to articles they publish. Maybe it would be better if you quoted some pertinent snippets for those of us unwilling to give ZH clicks.

In any case, we're not approaching the end of capitalism. It's alive and well and will survive and thrive when other economic systems go bust. Why? Because it allows ownership of property and the potential to create wealth. It's certainly not a perfect system by any means, but it's a hell of a lot more attractive than some of the alternatives.

jackg

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https://bit.ly/387FXHi lightning theory

I don't think the US was every a free market capitalist country... It's probably hard to swallow for a lot of people from the US but the government often interferes with monetary policy and other areas it wouldn't if it were fully free market capitalist such as regulations from the fda.

Every country in history has either had a socialist system or an imperialisation with one monarchy in the total power...

The socialist policies you're gaining now are more a natural development, it's probably a standard flow into how Europe and other old areas are around now...

Bitcoin Enhanced

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This piece by Scott Minerd from Guggenhiem Capital outlines pretty clearly that we are at the end of capitalism, and perhaps society as we know it.

https://www.zerohedge.com/markets/us-will-never-return-free-market-capitalism-guggenheims-minerd-warns-current-crisis-lead

Forewarned is forearmed.

I fully agree with Scott's view. I would however suggest we do not just leave it to the policymakers to "address fundamental reforms in the economy to restore growth and reduce inequality". Investors need to do this. I have called the approach Robust Finance: https://www.kenton-dau.com/ and Bitcoin Enhanced is the first of a new asset class that can be part of the solution: https://bitcoinenhanced.io/

If we simply bemoan the mistakes of policy makers we miss the opportunity to see what we and the spirit of decentralised capitalism can achieve ourselves.

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