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Starry Messenger

(32,381 posts)

12. Design is probably the wrong word.

Reply to HughBeaumont (Original post)

Thu Feb 28, 2013, 05:38 PM

Feb 2013

It implies someone planned it. It's a mechanical feature that perpetuates itself, like bad code. You can regulate out the wazoo, but as long as you have a system where great wealth is concentrated, you are going to get wealthy people using their money to influence deregulation for greater profit.

If there were a system of rewards that were not wholly dependent on expanding profits, we might see this behavior begin to disappear. What could that system be called? Hmm, starts with an "S"...

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Is modern capitalism currently experiencing corruption or is capitalism corrupt by design? [View all] HughBeaumont Feb 2013 OP

I say it's inherent as it discards other equations of value for profit. freshwest Feb 2013 #1

I think it is corrupt by design gollygee Feb 2013 #2

Of course it's corrupt at its core, but... TreasonousBastard Feb 2013 #3

"...competition can prevent oligarchies from taking over..." socialist_n_TN Feb 2013 #18

I used to think regulation was the problem. woo me with science Feb 2013 #4

If we've learned anything from the last 50 years . . . . HughBeaumont Feb 2013 #5

Norway, Sweden and Switzerland are capitalist countries. Nye Bevan Feb 2013 #6

Germany seems to be doing well too. Archaic Feb 2013 #8

Yep. Universal health care, low unemployment. (nt) Nye Bevan Feb 2013 #9

No military shenanigans, no CEOs making 300 times what their workers do, better public transport. HughBeaumont Feb 2013 #19

all systems are corruptable hence the need for regulations Johonny Feb 2013 #7

but would not that mean that the system of regulation is DeadEyeDyck Feb 2013 #11

certainly your regulatory body can be corrupted Johonny Feb 2013 #14

depends on the greed level of the capitalists in question. sharing and caring is good nt msongs Feb 2013 #10

Design is probably the wrong word. Starry Messenger Feb 2013 #12

Capitalism is not a social model nor is it a form of government. The nations that allow capitalism Egalitarian Thug Feb 2013 #13

Capitalism and democracy are two different things FarCenter Feb 2013 #15

Other nadinbrzezinski Feb 2013 #16

Humans are corrupt..every system has corruption Mr. Blue Sky Feb 2013 #17