Capitalism Has Failed—What Next?

[eccieuser9500]

For the powers that be, this strategy was enormously successful. Capitalism, despite Adam Smith, had never been about the wealth of nations so much as the wealth of the capitalist class. The financialization process managed to counter economic-stagnation tendencies to some extent, but at the cost of periodic financial crises layered over the normal business cycle. Nevertheless, the amassing of wealth at the top continued to accelerate, with financial crises themselves leading to even greater financial concentration and centralization. In this situation, neoliberalism increasingly took on the logic of financialized expropriation and accumulation.

https://monthlyreview.org/2019/02/01...led-what-next/

[Jackie S]

Since I am pretty close to the top economically, (top five percent), I think things are going pretty good.

I read the article. One of the biggest "pity parties" I've read on a while.

What can I say. Being born a caucasion male is pretty darned good.

[Tiny]

Eccieuser, While you're a pretty intelligent poster,John Bellamy Foster, who wrote that, is a fucking idiot. From your link --

Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological “death spiral.”

As a result of capitalism, globalism and technology, which are interrelated, humanity is far better off than it has ever been. Poverty rates, infant mortality rates, and deaths from contagious diseases are way down. Worldwide life expectancy and per capita income are way up.

Adequate health care, housing, education, and clean water and air are increasingly out of reach for large sections of the population

What planet does this guy live on? The quality of health care, housing, education and water throughout the world is immeasurably better than it was for past generations. People used to lead lives of despair. Now, a majority are comparatively well off.

Don't guess I'm going to get any farther into this article. Too much garbage. This is from "An Independent Socialist Magazine," Monthly Review. What's sad is that Millennials believe this crap, and they're going to control the USA some day.

[Levianon17]

Originally Posted by eccieuser9500

https://monthlyreview.org/2019/02/01...led-what-next/

Capitalism is about working. That's the problem for those who wish to be enslaved by the Government.

[Hotrod511]

Originally Posted by Jackie S

Since I am pretty close to the top economically, (top five percent), I think things are going pretty good.

I read the article. One of the biggest "pity parties" I've read on a while.

What can I say. Being born a caucasion male is pretty darned good.

+1 Jackie
some people are just a

[eccieuser9500]

Originally Posted by Levianon17

Capitalism is about working. That's the problem for those who wish to be enslaved by the Government.

Tell me about it.


https://www.thebalance.com/farm-subsidies-4173885

Subsidies act like a regressive tax that helps high-income businesses, not poor rural farmers.

The opulent few want to keep opressing the majority.

[friendly fred]

Originally Posted by Jackie S

Since I am pretty close to the top economically, (top five percent), I think things are going pretty good.

I read the article. One of the biggest "pity parties" I've read on a while.

What can I say. Being born a caucasion male is pretty darned good.

Being born a Caucasian male doesn't do shit for you unless you do things of value for your customers.

[Levianon17]

Originally Posted by eccieuser9500

Tell me about it.


https://www.thebalance.com/farm-subsidies-4173885



The opulent few want to keep opressing the majority.

I shouldn't have to tell you about it. You've been living in this country long enough. Besides what happens to the homeless in Socialist or Communist countries? Does the Government provide them with a House of their own or are they destined to live out their lives in Work Camps?

[eccieuser9500]

Ok. Maybe I should've put it in quotes. Sarcasm does not come across very well here.

With enough time and money, the farm workers would get their own place. Simple.


https://www.dol.gov/whd/ag/ag_h-2a.htm

Any employer using H-2A workers must have initially attempted to find U.S. workers to fill these jobs. H-2A workers and domestic workers in corresponding employment must be paid special rates of pay that vary by locality, must be provided housing and transportation from that housing to the job site if their employment requires them to be away from their residence overnight, and must be guaranteed an offer of employment for a total number of hours equal to at least 75% of the work period specified in the contract.

[oeb11]

Marxist.
Ideology Trumps facts.

[eccieuser9500]

Originally Posted by Tiny

Eccieuser, While you're a pretty intelligent poster, . . . .

What's sad is that Millennials believe this crap, and they're going to control the USA some day.

What's worse is that some belived Reagan. Now his majesty is trickling on us and saying it's just rain.

[Tiny]

Originally Posted by eccieuser9500

What's worse is that some belived Reagan. Now his majesty is trickling on us and saying it's just rain.

We disagree. Ronald Reagan was the greatest president of the post World War II era. John Bellamy Foster is an idiot.

[eccieuser9500]

http://fortune.com/2019/04/26/amazon...arget-walmart/

https://www.npr.org/2019/04/26/71754...s-trade-treaty

https://www.zdnet.com/article/facebo...igation-in-q1/

[Levianon17]

Originally Posted by eccieuser9500

http://fortune.com/2019/04/26/amazon...arget-walmart/

https://www.npr.org/2019/04/26/71754...s-trade-treaty

https://www.zdnet.com/article/facebo...igation-in-q1/

Thanks, but I'll stay with Capitalism.

[bb1961]

Originally Posted by eccieuser9500

http://fortune.com/2019/04/26/amazon...arget-walmart/

https://www.npr.org/2019/04/26/71754...s-trade-treaty

https://www.zdnet.com/article/facebo...igation-in-q1/

You forgot this link...

https://www.pbs.org/newshour/world/w...g-in-venezuela

And this link...the compare and contrast of Marxism vs. Capitalism...in one picture...NUFF SAID!!


https://www.cbsnews.com/pictures/nor...-space-photos/