What could be the next economic system?

Jump to Last Post 1-4 of 4 discussions (6 posts)
  1. profile image0
    jomineposted 7 years ago

    We had many economic systems, starting from the barter.
    Socialism collapsed due to inefficiency.
    Communism collapsed due to authoritarianism.
    Capitalism is on the verge of collapse due to human greed, the attempt to make profit at the cost of others. Today's economy is globalized, hence when it collapse, it will take human species along with it.
    So my question is, Will any magic hand appear to prevent the impending collapse?
    If it collapse and human beings manage to survive, what will be the new economic system?

    1. Freegoldman profile image39
      Freegoldmanposted 7 years agoin reply to this

      The global financial crisis is abated and while most are glad to see it drop from the top spot in the media, there is still a danger that the underlying reasons why it occurred have not been resolved.

      As Sonja asked last year, what would the Baha’i answer have been? Of course, the Baha’i Faith does not pretend to be an economic system. It neither endorses a laissez-faire economic system, nor a Marxist, socialist or communist system.

      The world is by now becoming keenly aware that none of the frameworks implemented throughout history have been successful. The failures of Marxism and communism provided the right with a few decades to gloat. However, the recent collapse of the world economy is a sharp slap in the face of the Chicago school of thought.

      Understandably, everyone is confused. Experts, economists, and politicians argue incessantly about what happened and why and what should be done. As always, there are a few who tenaciously cling to the old, fatal ideas, claiming that they are valid but their implementation was flawed. This is the tired refrain we’ve heard so many times from the left to excuse the collapse of communist states. And so it is equally invalid.

      People are angry. The gap between the rich and the poor has reached epic proportions not seen for more than 80 years. Michael Moore who has his finger on the pulse of the masses has captured the zeitgeist yet again and released a scathing new documentary: “Capitalism, a Love Story”. Here is the trailer:

  2. Cagsil profile image81
    Cagsilposted 7 years ago

    Capitalism isn't the problem. It is in "how" government is handling the Economy itself.

    It's poor expenditures on government's side, which is the problem. It supports the foundation of the Economy, but at the same time, seems to be a detriment to it's stability.

    I guess that would lead one to understand the "how" it supports the foundation is the problem. Presently, it supports the upper 1% of America and the upper 1% of the world.

    It does so by actively acting on the status quo- "corporate protectionism". It appears that America needs to return to the gold standard, because government is unable to properly support the Economic future of America. It will be forced back on it.

    1. dutchman1951 profile image60
      dutchman1951posted 7 years agoin reply to this

      I think you have hit the core of what is a real problem.

  3. earnestshub profile image90
    earnestshubposted 7 years ago

    All I can say is that is one hell of a question! lol

    Your question may bring out some interesting thoughts!
    All I have is personal wishes.

    I say we take all personal fortunes over 20 million dollars that are not needed for expansion, limit conglomerates and bring back small businesses, and change the habits of consumers with massive advertising campaigns, put cable and education in the hands of all people with the internet and online education programs, give more money to the BBC and PBS, Jail half the bankers and financial wide boys who made the aaa dunny paper fiasco, legalise dope, decriminalise all drugs, use the money to support a well educated police force, aggressively attack poverty at home and abroad, distribute water purifiers (the washable kind) to all the people without clean water, put some of the war budget towards helping our enemies instead of killing them, and many other fantasies cross my mind. lol

  4. gramarye profile image60
    gramaryeposted 7 years ago

    Frugality could be the next economic system. I have plotted a book about a society based on exchange tokens and bonus tokens for making your excess goods available to others. These tokens would become the currency of the future... dream on!


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)