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+--- Thread: Why is Capitalism failing in the USA? (/thread-42048.html)
- Johnny - 11-18-2012 01:09 PM
Capitalism is not failing, it is the attempt to move this country into socialism that is creating these problems. Tell the government to get the hell out of the economy and things will get better. They should have let GM fail, and should have never gotten involved with the mortgages.... "fanny & Freddie" there will be plenty of drones here that say it was Bush...... bla blah blah...... the fact is that this started with a democrat controlled congress and has moved into hyperspeed with obummer-boy.
- out2lunch4now2 - 11-18-2012 01:09 PM
Capitalism is an economic concept, NOT a form of government. America has never let true capitalism work. The federal government has always interfered with corporations' operations to the point where true capitalism is impossible. Laws like Minimum Wage Laws, Minimum Age Laws, and OSHA regulations along with extremely high taxes hinder the success of anyone except the government which never pays the costs of the failures it causes.
- constitution rules - 11-18-2012 01:09 PM
Capitalism is not a system of government. It is a natural system of economic reality. When fair laws prohibit fraud and punish the breach of contracts of free people. It is a fair and equitable system. When it is distorted by any force that allows breach of contracts freely entered into to be bypassed or over ruled or for special advantages made by authority of law then the nature of the system becomes corrupted. So to look upon capitalism as a failure is fallacious, for the failure is in not allowing capitalism to address, by way of the free market rules the consequences of it's own contractual obligations.