Is capitalism still a healthy system to use for a society?

Jump to Last Post 1-4 of 4 discussions (6 posts)
  1. profile image0
    PeterStipposted 3 years ago

    Is capitalism still a healthy system to use for a society?

    Communism died and proved to be a system that won't work for a country. But is capitalism still the answer now we see that the Middle class is disappearing. The gap between super rich and poor becomes bigger. Multinationals become more powerful then states, they have become so powerful that they buy politics. Is pure capitalism today the future for our well being? Or do we have to look for an alternative.

  2. Luke M Simmons profile image77
    Luke M Simmonsposted 3 years ago

    The theory of capitalism assumes perfect information of all participating entities and the ability to act immediately to this information.  The truth is, this does not reflect reality.  The version of capitalism that we have in the US is not true to its name.  Government subsidies, unappreciated negative externalities, and rampant cronyism are just a few of the inefficiencies that plague our system.   In light of this, I would argue that capitalism was never a healthy system for our society to use.  An altered version of capitalism could potentially work, if only these aforementioned adjustments were executed in a more effective manner.

    1. profile image0
      PeterStipposted 3 years agoin reply to this

      You are very polite in your answer :-) true the so called free market of capitalism today is more a pseudonym for imperialism where the multinationals profit from huge subsidies and tax benefits while using cheap labor in countries like Mexico.

    2. Luke M Simmons profile image77
      Luke M Simmonsposted 3 years agoin reply to this

      @PeterStip: my sentiment exactly.  Thanks for reading!

  3. feenix profile image61
    feenixposted 3 years ago

    Peter, you wrote, "... is capitalism still the answer now we see that the Middle class is disappearing. The gap between super rich and poor becomes bigger..."

    First, the middle class is NOT disappearing; nor is it going anywhere.

    Second, throughout world and US history, the gap between the "super rich" and the poor has always been a wide and ever-expanding thing.

    All of the talk about the "disappearing middle class" and the gap between the rich and the poor getting bigger is nothing but left-wing propaganda, designed to drive more people into the clutches of government.

    The truth is, the majority of the middle class is very well established and standing on firm ground -- and millions of the poor are working their way out of poverty and elevating themselves by leaps and bounds.

  4. tsadjatko profile image59
    tsadjatkoposted 3 years ago

    https://usercontent1.hubstatic.com/12374324_f260.jpg

    Yeah, right, capitalism is somehow the problem.

    Forget that it has been the only worldview that has promoted and produced free markets, freedom of the individual, productivity and entrepreneurship and toss it, for what ? Hope and Change?

    Capitalism is the outcome of the cultural transmission of virtues and other ideas found in Christianity. The problems you mention in your Question are not a result of capitalism nor are they encouraged by capitalism. Capitalism is being replaced by crony capitalism. Capitalism is being corrupted by a continuing lack of morals and ethics that are involved in our modern world.

    And how can anyone say the  middle class is disappearing. To start with there is no universally recognized definition of middle class. The federal poverty line helps you determine whether you're poor, but no single measure tells you where you fall along the middle class spectrum. Feenix is right, that is a storyline the left wants you to believe because they have an agenda attached to that belief and it isn't promoting freedom.

    You want to fix the problems, start at the foundation, not at the penthouse. The foundation is rights bestowed by God, morality set down by God, and a world view based on freedom, not more government control.

    Today everything is a ruse to cover for ulterior motives and hidden agendas. For example how many politicians say they are going to fix the Campaign finance problem with "reform." They've already tried that and all "reform" means is how to find different & bigger obscene ways to raise money. Oh, and how the masses want to see campaign finance reform! It's the ruse of this century. Common sense tells you if you really want to stop ludicrous funding by special interests and the rich and powerful, and if voters seriously want reform, stop voting for people who raise hundreds of millions, now billions, of dollars. We know who raises how much, the only logical way to institute campaign finance reform is to not vote for those who are getting the big money. Anyone raising that kind of money and standing for Campaign finance reform is a charlatan and hypocrite. Just don't anyone vote for them. I'd be the first to vote for the candidate who ran on the basis that to stop abuse in finance don't vote for the people with big money backing.PERIOD! After losing elections due to a grass root movement on that platform there would be no campaign finance problem ever again. After being duped so many times, why can't voters see the obvious?

 
working

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
Necessary
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)
Features
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)
Marketing
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.
Statistics
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)