Capitalism will eventually implode, and I think it will be due to machines. Companies mechanize everything, people don't get jobs, and then they have no money to buy the stuff. However, companies don't want to pay workers. System implodes, and a new one is born, if humanity hasn't destroyed itself first.
The economy may collapse if not handled properly. Most of the features and handles have been explored or have gone through experience. However, handling the economy depends on the objectives of those who have the power to handle it. Physical laws are immutable. Economic laws are not so immutable because an economy like capitalism is a human invention. An invention like capitalism has its rules and logic that if the rules and logic had been transgressed, aberrant results will come out. Mortgages are not supposed to be monetized but those close to the seat of power breached this internal logic that resulted in the recent depression during the George H. Bush administration. If we were still in the gold standard, the reverberations of such US depression could have spread throughout the world like wildfire. It only rippled in places where the US had substantial investments. The logic of the floating rate system protected other nations from such depression.
no. the economy is just a game played by the elite. i know this sounds stupid but i would bet anything on it. it's not a conspiracy or anything but a game. what i'm trying to say that the ultra wealthy use the economy like a kid uses a toy. when they want more money or power, they make things occure that cause the market to fluctuate either up or down which in turn causes the average person to spend a lot of money. by doing this, the wealthy , who own big businesses get a greater influx of money, increasing their worth. when they cause a down turn, people hoard their money but they can only do this for a short period. they then have to spend to survive, making themselves poorer and again , the big businesses get greater wealth.
i'm not sure if anyone will understand what i'm trying to say but this is a subject i've studied for quite a while and i know what i know.
by Cheryl Simonds 3 years ago
Do you think things are changing for the better or for the worse?War, depression, no jobs, hunger, prices skyrocketing, is this a good thing? Are we heading for something that will be better; or are we heading for more of the same?
by jerryl 9 years ago
What's your opinion, and the reasoning behind it?
by Kathryn L Hill 33 hours ago
Could you? Could you give up all self-interest? and concern for your own self-benefit in life? Is it perfectly fine to force the rich to do so?Is it perfectly fine to force ANYONE to do so?
by Moderndayslave 6 years ago
With wages adjusted for inflation either stagnant or losing ground and commodities and the cost of living going up. Is the US economy being systematically gutted or is this just a coincidence? What's your opinion and why?
by Kathryn L Hill 5 years ago
Most people agree that regulations are needed. What would the regulations and safeguards be based on? How can they be implemented? What are the excesses?Should States get more involved?Should the Fed deal with whatever causes the inequity of wealth?What would the Framers say?What would the nature...
by jomine 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...
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