Quote:
Originally posted by Yorick:
Now, I'm no economist, but I equate myself with some peasant in the middle of Europe saying to himself... "feudalism sucks"! Well, capitalism sucks. I don't know of a better alternative but there has to be one. Capitalism = growth, growth, growth, when nature is all about subsistence and balance.
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The fundamental idea of capitalism is that everyone wins. However, this only will work in a true 'free market' economy, and unfortunately as long as there is a government there will be no 'free market' economy! As soon as the first law is introduced that puts tariffs on trade, regulates prices, or bans products, true capitalism is crushed. IMHO that is the problem in the US today. People are lead to believe that the Government has to be involved in the marketplace if they (the people) are to be truly prosperous. But, look at the Clinton administration. The most prosperous time in the history of the US and how was it accomplished? By Clinton not getting involved. That is why we have a Federal Reserve System. The President and Congress should not be involved in monetary policy and should only introduce tax cuts or increases to manage governemnt spending, NOT to reverse the course of the economy! We have a case in the US right now of both the Government and the FED trying to fix the 'recession'. The problem with this is that there will be an 'over correction' and we will find ourselves in a deeper recession with high inflation and unemployment.
Just my two cents
