Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
Capitalism has failed. Time for a new model (Socialism). - nt KingCharlemagne Jun 2015 #1
I don't think this illustrates the failure of capitalism FlatBaroque Jun 2015 #10
Distinction without a difference, imo - nt KingCharlemagne Jun 2015 #12
Allows people who don't want to admit/address the problem.... daleanime Jun 2015 #15
My, aren't you bright and intuitive FlatBaroque Jun 2015 #22
It would be nice if I thought so...... daleanime Jun 2015 #36
EXCELLENT analysis Skittles Jun 2015 #119
Hey, you're one post away from 10000! BeanMusical Jun 2015 #121
You are stating that Capitalism as a socio-enonomic system FlatBaroque Jun 2015 #25
If 'private central banking' is failing, then so is capitalism, as the two are KingCharlemagne Jun 2015 #26
EU is a group of capitalist bankers running the economies of all of Europe. Kind of like a small jwirr Jun 2015 #57
OK the failure of unregulated capitalism Vincardog Jun 2015 #110
That's the one I would go with. Enthusiast Jun 2015 #123
same same Vincardog Jun 2015 #131
So why are they looking for money from hughee99 Jun 2015 #27
lulz snort Jun 2015 #45
The failure of an explicitly socialist economy vindicates socialism? Recursion Jun 2015 #55
That's certainly what Breitbart, the National Review, and Bill O'Reilly believe Nevernose Jun 2015 #60
They aren't particularly "capitalist" either Recursion Jun 2015 #67
You call Stalin's purges and China's great famine capitalist propaganda in other threads jeff47 Jun 2015 #93
Test for you: exactly how many died in 'Stalin's purges'? With source(s), please - nt KingCharlemagne Jun 2015 #95
Test for you: Why should I give a damn about your tests? jeff47 Jun 2015 #107
You're just spouting the same old tired anti-Soviet propaganda without KingCharlemagne Jun 2015 #108
According to Alexander Solzhenitsyn it was between 1.6 million and 10 million riderinthestorm Jun 2015 #109
Capitalist propaganda? So it didn't happen, millions of people didn't die... BeanMusical Jun 2015 #122
The problem is, it wont work. cstanleytech Jun 2015 #117
K&R abelenkpe Jun 2015 #2
K&R Starry Messenger Jun 2015 #3
That simple malaise Jun 2015 #4
And the neo-conservative ideology with it. eom Betty Karlson Jun 2015 #7
Both are Con jobs malaise Jun 2015 #9
Quite so. n/t Betty Karlson Jun 2015 #37
What would Goldman think of that? Octafish Jun 2015 #5
just threw up a little in my mouth magical thyme Jun 2015 #24
Greg Palast stares unblinking into the darker corners, doesn't he? GliderGuider Jun 2015 #31
Unfortunately Stiglitz has no seat at the table. pa28 Jun 2015 #90
The voice of reason .. ananda Jun 2015 #6
But Greece has no responsibility. randome Jun 2015 #8
The alternative is much worse Lydia Leftcoast Jun 2015 #13
+1 hifiguy Jun 2015 #16
Other governments own the vast majority of Greek debt hack89 Jun 2015 #86
Countries should NOT have that same option. randome Jun 2015 #18
Excellent Post sub.theory Jun 2015 #33
"Get away with shirking its debts" - care to elaborate on what that phrase means? - nt KingCharlemagne Jun 2015 #127
So are you saying that countries should never be forgiven their debts? blackspade Jun 2015 #68
Then why isn't Greece taking one of those other options? randome Jun 2015 #83
What, austerity or collapse? blackspade Jun 2015 #84
And FURTHERMORE Lydia Leftcoast Jun 2015 #130
Don't forget the N. European bankers who threw money JCMach1 Jun 2015 #125
People are dying in Greece over this fraudulent and mistaken austerity plan. riderinthestorm Jun 2015 #17
What's worse than austerity? I think Greece is about to find out. randome Jun 2015 #29
Or the troika could man up, forgive the debt and help. riderinthestorm Jun 2015 #43
I don't understand this idea that the greedy bankers want to lose all their money. randome Jun 2015 #59
They gambled and.lost. Unless they want the shit in their own bed riderinthestorm Jun 2015 #62
Stupid often is found in the company of greed. nt ladjf Jun 2015 #105
greece is effectively insolvent. we have bankruptcy proceeding for this, not debtors' prisons. unblock Jun 2015 #32
Well, that seems to have some merit to it. Not that I understand economics much. randome Jun 2015 #35
When a ship is headed for the rocks sulphurdunn Jun 2015 #47
The 1% long ago fled their wealth sub.theory Jun 2015 #51
Funny. You were all for forgiving Wall St brentspeak Jun 2015 #73
"Loan" them money, not just give it to them. The U.S. made a profit on much of it, anyways. randome Jun 2015 #75
Did the millions of people who lost their jobs and homes brentspeak Jun 2015 #77
not a bad idea SoLeftIAmRight Jun 2015 #114
Easy to be generous with $300 Billion of someone else's money. nt geek tragedy Jun 2015 #11
Didn't harm the world financial markets for more than a blip Lydia Leftcoast Jun 2015 #14
Why would Greece defaulting create more than a blip then? geek tragedy Jun 2015 #21
The matter of physics snort Jun 2015 #48
so the ditch digger in Germany shouldn't have to work longer geek tragedy Jun 2015 #50
The ditch digger in Greece actually works more. PETRUS Jun 2015 #58
He's also making more money in Greece Recursion Jun 2015 #116
That's not true. PETRUS Jun 2015 #126
I'll check but I'm pretty sure OECD doesn't use PPP Recursion Jun 2015 #128
If found data that did use PPP and data that didn't. PETRUS Jun 2015 #129
Which is more important? daleanime Jun 2015 #19
For the people who are owed the $300 Billion? geek tragedy Jun 2015 #23
The people who lent them the money should have known better. fasttense Jun 2015 #39
So if no one lends money to Greece going forward (and they'd be nuts for geek tragedy Jun 2015 #41
I'm not sure I understand your scenario fasttense Jun 2015 #46
Tariffs were enough to fund a de minimis federal government in the 18th century geek tragedy Jun 2015 #49
You would not have to borrow if the banks belonged to the country and were NOT privatized. fasttense Jun 2015 #56
The austerity is already creating a depression of that magnitude so what now? TheKentuckian Jun 2015 #64
Rule #1: Never assume things can't get worse. They probably will nt geek tragedy Jun 2015 #70
You stated it was a choice. I'm saying both choices seem to have the same results TheKentuckian Jun 2015 #89
The results for Greece are going to be awful no matter what. geek tragedy Jun 2015 #91
Maybe it's because Germany was the benificiary of debt reduction and forgiveness themselves? blackspade Jun 2015 #69
Why does Greece deserve a gigantic handout while Bulgaria and Romania geek tragedy Jun 2015 #72
Maybe because it's the right thing to do? blackspade Jun 2015 #80
You haven't explained why Greece is more deserving than geek tragedy Jun 2015 #87
Why should I answer that question? blackspade Jun 2015 #88
Because Germany is not sitting on top of an infinite amount of cash. geek tragedy Jun 2015 #92
Well, there you have it then. blackspade Jun 2015 #97
That presumes that Greece is indispensable to the EU surviving. geek tragedy Jun 2015 #98
That was then, this is now. GliderGuider Jun 2015 #99
Yes, so have the finance ministers of the Eurozone countries. Which is why they did the bailouts of geek tragedy Jun 2015 #101
Your understanding of the issue is one demential. blackspade Jun 2015 #100
Actually, Spain and Portugal are not nearly in as bad of shape in terms geek tragedy Jun 2015 #102
The real question is who got the money, and who is being asked to repay it. hedgehog Jun 2015 #20
THIS Lydia Leftcoast Jun 2015 #28
Excellent questions. truebluegreen Jun 2015 #30
Actually, there are other questions too.... daleanime Jun 2015 #40
You mean like what happened during the sub-prime bubble? GliderGuider Jun 2015 #74
+1 daleanime Jun 2015 #79
Yes, and who benefits from the privatization of public assets. suffragette Jun 2015 #94
Lets not forget the Global Octopus / Hedge Funds ..................... turbinetree Jun 2015 #34
Austerity was/is a stupid policy. Loaning a country more money (as a stimulus) to solve a problem of pampango Jun 2015 #38
Well I suppose liquidity needed to be injected into the crashed Greek economy fasttense Jun 2015 #42
Greece is still resisting taxing its shipping companies geek tragedy Jun 2015 #52
With one side of their mouth the EU nations say tax your shipping corporations and with the other fasttense Jun 2015 #61
I think it's pretty clear that the Grexit is the only solution--no sense in staying in a failed geek tragedy Jun 2015 #63
EU governments may see Grexit as a security issue, sending Greece into Russian or Turkish orbits. freshwest Jun 2015 #82
Turkey is still a member of NATO. geek tragedy Jun 2015 #85
No, I wasn't suggestng a war would take place between them again. But in their sphere of influence, freshwest Jun 2015 #96
Because when everyone is getting what they want, everything is fine The2ndWheel Jun 2015 #54
K/R Jack Rabbit Jun 2015 #44
Forgive debt and get more money? The2ndWheel Jun 2015 #53
lets say the EU forgave all the loans to greece. rdking647 Jun 2015 #65
Unfortunately nothing will change until blackspade Jun 2015 #66
Kicked and recommended. Uncle Joe Jun 2015 #71
It's extremely hard for a leadership in Greece to form around a platform of neccessary changes Babel_17 Jun 2015 #76
Remember that the enthusiasm for austerity may be based on an Excel error GliderGuider Jun 2015 #78
The Troika is the lastest incarnation of the vampire squid GliderGuider Jun 2015 #81
It's funny how our resident conservatives BrotherIvan Jun 2015 #103
do you know hill2016 Jun 2015 #111
This message was self-deleted by its author Corruption Inc Jun 2015 #104
Bazinga. nt SusanCalvin Jun 2015 #113
Ya wanna destroy the EU? DonCoquixote Jun 2015 #106
How these bigwigs expect SusanCalvin Jun 2015 #112
The Troika is victim of its own pride. JDPriestly Jun 2015 #115
Excerpt from Guardian - Stiglitz commentary asiliveandbreathe Jun 2015 #118
"They have criminal responsibility" BeanMusical Jun 2015 #120
Yeah, but punishing people for being poor feels soooo good to the rich assholes who run everything. Scuba Jun 2015 #124
Latest Discussions»General Discussion»Joseph Stiglitz to Greece...»Reply #131