Capitalism Could Fail Like Communism

Marc Faber on CNBC. wall street guru is forcasting the very dark future for the world economy.

see the video here:

www.marcfaberreport.com...-74

I will be glad if someone is going to help me to attach the video.

Marc Faber:

"A sustainable recovery will occur only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen, Marc Faber, the author of “The Gloom, Boom & Doom Report,” told CNBC Friday.

The central banks will continue to print money at full speed, but long-term this strategy will lead to a fall in purchasing power and living standards, especially in developed countries, Faber said"

Communism never fell,it has never been fully implemented true to the ideaology.Capitalism has failed in the past though,and will again.Thats how things work,no one political ideaology will ever last thousands of years due to human nature.We will build it up, it will crash into dust, rinse and repeat.

reply to post by czacza1


Capitalism can not fail. It is just an ideology. Governments can fail at capitalism, people can fail at captialism.

[edit on 5/19/2009 by justsomeboreddude]

How does trading something of value for another thing of value fail?

Governments f-ing up when they play around with things isnt the same as saying the thing they played around with failed. Their playing is what failed.

the capitalist system could fail though, just as the communist system did.

the pure idea didn't fail in either case but seeing as the pure idea is unworkable in either case i don't see how it matters.

OP, what the hell do you mean could fail, it has failed, it's done, finished, catastrophic collapse. straight to jail, do not pass go, do collect 200 trillion dollars.

reply to post by pieman


Capitalism didnt fail. The governments just screwed it up by interfering. In fact, it hasnt been Capitalist for quite some time, more like Socialist. There is nothing capitalistic about taking someones money who succeeds and giving it to someone who is a failure.

[edit on 5/19/2009 by justsomeboreddude]

I disagree.

Neither communism nor capitalism has ever been free of the corruption of the elite. In every scenario, elitist mentalities effected market manipulation and social engineering which, by definition, destroyed each economic practice from within.

Were the market truly free from profiteering robber barons, each system would have stood a much better chance of serving civil institution as it's progenitors intended.

Sadly, we live in a world where there are ALWAYS those who think they DESERVE special access to profit and protection from the free market's self-regulating effects.

If you look around closely you will see that capitalism has been eaten away at the foundation by the very people who are entrusted to protect it.

I can't speak authoritatively about the matter, but I know our "elite" "leaders" have almost systematically destroyed any hope of equity and fairness in the global economy. No matter what model a nation adopts, it is likely that the same players will work against the egalitarian hopes of society, and more towards their own agenda of perpetual, unchallengeable control..... purportedly because they BELIEVE they SHOULD (although they and their circle of family and friends always end up on top of the heap - but we're not supposed to notice.)

[edit on 19-5-2009 by Maxmars]

Naw, the largest Marxist governments of Russia and China abandoned Marxist practices because they are ruin.

The Marxists merely got elected here in the US, and we'll have to go through our own financial disaster to again prove it.

We just swapped economic models.

Originally posted by justsomeboreddude
reply to post by pieman

 

Capitalism didnt fail. The governments just screwed it up by interfering. In fact, it hasnt been Capitalist for quite some time, more like Socialist. There is nothing capitalistic about taking someones money who succeeds and giving it to someone who is a failure.

[edit on 5/19/2009 by justsomeboreddude]

Star for that. Sometimes I'm thinking to myself can people really be that stupid to believe capitalism is failing? Then I read ATS and think Yes, they can.

reply to post by jjkenobi


A star for you as well. Liberals just want the world to think capitalism is failing so they can create a socialistic world where the government will hold everyones hand throughout their life, because they think they are smarter than everyone else and know what is best for everyone.

[edit on 5/19/2009 by justsomeboreddude]

reply to post by justsomeboreddude


as an idea of course not. but as a system yes. take an example - monarchy?

The biggest threat to capitalism is the government. They have been making it less friendly for people to operate a business in the U.S. Take away the incentive to make money and people won't try. Some may do what I did, sign their businesses over to their foriegn born, non US citizen spouse, and then simply volunteer their time to the businesses.

As Marx said, "Capitalism contains the seeds of its own destruction" It was doomed to fail from the start.

Originally posted by Indigo_Child
As Marx said, "Capitalism contains the seeds of its own destruction" It was doomed to fail from the start.

Well that is funny.. I always said "Marxism contains the seeds of its own destruction."

[edit on 5/19/2009 by justsomeboreddude]

reply to post by justsomeboreddude


Hehe, yeah, but who are you?

Karl Marx is a distinguished political and economic philosopher, and his analysis of capitalism and its contradictions is one of the most well known works of all time. He's not just some bored dude

reply to post by czacza1


one can only hope that it does because if left in place, it will be the ruin of life on the planet as we know it

All political systems are doomed to failure.

Humanity will never change and no matter the system, those empowered and entrusted to manage and guard it on our behalf, will always be subject to the corrupting influence of power.

Communism may well have given way to free market socialism or socialist capitalism in Russia, China and Eastern Europe but a form of communism still exists in Cuba and south east Asia.

If we look at the globe, we can see that the first post WW2 ideology to fall was Apartheid, then the move from left to centre (communism/Marxism/Maoism, but as yet, not Castroism), now America having elected a socialist president is making the move from right to centre.

Before very long, the world will see full globalisation and One World Government under a centralised system of free market socialism controlled by the leaders of the financial markets and other corporate consortiums.

some interesting article on the subject:

"We have reached an impasse. Capitalism as we know it is coming apart at the seams. But as financial institutions stagger and crumble, there is no obvious alternative. Organized resistance is scattered and incoherent. The global justice movement is a shadow of its former self. For the simple reason that it’s impossible to maintain perpetual growth on a finite planet, it’s possible that in a generation or so capitalism will no longer exist. Faced with this prospect, people’s knee-jerk reaction is often fear. They cling to capitalism because they can’t imagine a better alternative.

How did this happen? Is it normal for human beings to be unable to imagine a better world?"

link: dprogram.net...