General Discussion

rhett o rick

(55,981 posts)

11. I dont believe that will work with unregulated capitalism.

Tue Jan 8, 2013, 11:52 PM

Jan 2013

Capitalism worked for about 50 years in the USofA from about 1935 until Reagan because it was heavily regulated. These strict regulations allowed the middle class to prosper. This situation does not exist in India, China, etc. Without regulations capitalism will eat itself. Cheap labor is wonderful for capitalism but if everyone is poor, who will buy the products? Henry Ford wasnt an altruistic person. He gave his workers a good wage because it made him money. Wal-fucking-mart hasnt figured that out, and I dont expect them too. The greed of the capitalist will kill the goose and most likely destroy the planet for human habitation.

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Highlight:

Paul Krugman Warns: 'We Are Crippling Our Future' [View all] marmar Jan 2013 OP

Who is "we"? MrSlayer Jan 2013 #1

Yup, he probably can't yet bring himself to believe they know they are eating the seed corn. TheKentuckian Jan 2013 #3

Yes they are purposeful. rhett o rick Jan 2013 #6

Not killing it everywhere. The developed countries are already saturated with product, EC Jan 2013 #8

I dont believe that will work with unregulated capitalism. rhett o rick Jan 2013 #11

Krugman is unfailingly RIGHT. I would often hope he wasn't back in the day, but he WAS... CTyankee Jan 2013 #2

I thought a few trillion dollar coins were supposed to fix everything madville Jan 2013 #4

They would at least protect us from the madmen in the House, if Obama goes that route. JDPriestly Jan 2013 #5

Shame too humbled_opinion Jan 2013 #10

All good suggestions. JDPriestly Jan 2013 #17

What if we just minted one $16 trillion coin and wiped out the debt? mostlyconfused Jan 2013 #9

The way things are going, probably more like five years madville Jan 2013 #12

Right, but a big chunk of that is because of Bush.. mostlyconfused Jan 2013 #14

Mint two or three of them then mostlyconfused Jan 2013 #15

K&R nt abelenkpe Jan 2013 #7

K&R...."We" aren't doing it, though. woo me with science Jan 2013 #13

Kick woo me with science Jan 2013 #16