This morning on a radio show, I heard someone ask the question; How can I explain to my child that capitalism is the best system in the world when we owe China, the largest communist country in the world, tons of money?
That's an incredible question. I'm not saying I agree with communism in any sense, but the question is an interesting thought.
Just how broken is America financially?
I've just spent 10 minutes trying to figure out an answer to this question, but couldn't.
Because we buy so much stuff that they manufacture they have a lot of our money.Now since we don' t manufacture anymore we must borrow to buy stuff and we borrow the money from them.True wealth comes from things that are created. Not paper profits from Wall St.
Capitalism IS NOT the best system in the world. If that was the case, the world be would be capitalists. A capitalist/socialist economic system goes hand in hand. China is a capitalist/socialist country, along with the US and 3/4 of European countries. This country experienced 90% capitaism from the Industrial Revolution till about 100 years ago and it was a disaster for the working class.
The answer is easy: The US isn't a Free-Market.
Every time the governments a penny, we're one penny further away from Capitalism and one penny closer to communism.
by Brian6 years ago
I was talking with a group of friends the other day. and I suggested that there should be a national tax, where the money collected should be distributed evenly among every U.S. citizen, and I was labled as a...
by silverstararrow4 years ago
Really? I had this huge debate with a friend who was stubborn in his view that money matters the most in the world, at least today. Agree or disagree?
by Denise15 months ago
I've never understood the idea of Popes and such; but I have to like this guy. And I love this quote. I also cheered when I read he called unfettered capitalism the dung of the devil.I would hope that, even the...
by Shadesbreath6 years ago
Ixxy made an interesting comment on a hub I wrote where I was having a little sarcastic melt down about the unfathomably horrific service I got from a visit to Lowes. I was going to respond to it in the comments,...
by Kathryn L Hill2 years ago
Is Capitalism the root of all evil in America?Is it the cause of drug abuse?Is it the cause of poverty?Is it the cause of class distinction?Is it the cause of racism?Will it be the cause of the end of the...
by A Thousand Words2 years ago
There's no one to step on/take advantage of anymore?Capitalism is defined as:- free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.