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 jerryl 8 years ago
What's your opinion, and the reasoning behind it?
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 Moderndayslave 5 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 4 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 Credence2 5 years ago
It has got to be an employer's market, a cousin of mine called and said that he got a job. The employer said that he was to work part time and was expected to be on call virtually at all times the store was open. Of course, no benefits outside the crappy compensation. What the hell is going on...
by nightwork4 6 years ago
is there a better way then capitalism to run a countries economy?have you ever thought of a better idea then capitalism and what would you call it ?
Copyright © 2018 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.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This 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.|
|Remarketing Pixels||We 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 Pixels||We 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.|