The system will fall

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See, you don't even know much about the system you say will collapse. That's another issue here: the people who predict the end of capitalism tend not to actually know much about it.

If you don't have at least a basic understanding of how financial derivitives and investment works, what position are you in to claim it will collapse? Goldman Sachs sure seem to be making decent profits.



As I said, even the Great Depression didn't bring down capitalism, I doubt a double dip recession would either.



Go show me a reliable source for that statistic, go on.

It's 1% owns 20% of the wealth in the USA.

That's still too high really. Only micronations or really strange abnomalies should cause such disparities in a health economy.

Ok well maybe I am thinking of the world then....because it is true in the U.S though there are lots of people struggling just to get by and more and more people ending up homeless we do still have the upper middle class, some amount of a middle class ect so in the U.S specifically that probably is more accurate. Some countries have the government or ruling class with all the wealth and all the citizens are poor.......so it's not quite that extreme in the U.S yet.

I said I don't know much about hedge fund managers or whatever you said..........I understand how capitalism works on basic terms, but no I am not an expert and specifics can sometimes confuse me since I've always been a bit on the poor side so I haven't really been exposed to specific goings on that would happen between rich people who are probably the ones actually involved in those processes.

I understand capitalism is a free market system.........and there is a lot about competition, taking out the opposition(as in try to do better then other companies to get more buisness) and so basically I disagree with a system based upon competition as too much competition can be rather unhealthy.......competition is not always the best way to get things done. I don't have to be an expert on capitalism to disagree with the current system..........besides there are pleanty of people who know less about socialism/communism than I do about capitialism who have no issue ripping on both those ideas so lets be fair.

K that statistic refers to the world population more than the U.S population.......it was the statistic I saw in sociology class the professor wrote in on the board, and we saw a documentary called the 1% that also went into it.......sorry that's all I got.

that i beleve is correct.
if all you have is pineapples and mangoes, then your market that you can shop in is extremely limited.

i understand that conventions must be agreed upon in order for a congruent relationship to flourish, and there are millions of extremely bright people who would not lose their grip on the reins of their businesses simply due to "very bad news",

in the aftermath of an economic collapse, people will regroup and prosperity will continue because of the determination of separate people to succeed.


people are very smart, and industry will not be crushed by economic mistakes (as i believe)

If you're claiming that a system will fail, you need to have a proper understanding of it. Go research how investment banks and the like actually work, the information's all out there online for free.



Competition is good, it means that only the best possible goods and services survive while inferior products must either make up for their low quality with a low price or go out of business. If we had state monopolies instead, quality and efficiency would fall, as we can see had happened historically in socialist and capitalist states.

As I said, you can do your research on this stuff online, don't dismiss logic with ignorance, we're not NTs



Exactly, so it includes third world countries and the like. It's therefore utterly irrelevant to the capitalism of the US or any other specific country, yet it's the statistic the Occupy protesters are using, probably because the real statistics don't help their cause all too well.

Define success, if having a system which is fine with abandoning some of its members is success than I guess I don't like 'success'......and if people where so smart why aren't we using all the resources and techology we have to better the world for all people? Oh yes we have the technolgy and the resources for just about everyone to live a somewhat comfortable life......but why put that to use when we can have wars, homeless people, people struggling just to feed their families, were would be the fun if you didn't have to work a job you hate for some company that does not care about you and still struggle just to make ends meet.

There are different ways to do things, But I guess so many people see Capitalism as their god........well capitalism is not a deity it is another failed idea.

Not really, maybe you should do some research on how the U.S has contributed to many of the worlds problems....Economic Hit Man is a good book and well just look around, a lot of the world is not pissed of at the United States for no reason. I imagine the protesters are aware of the negitive infuence U.S capitalism has on the world. It would be nice if the feds and the huge corporations were only screwing over this nation.....then at least it would not be the entire worlds problem but no it extends much further than within the borders of the U.S.

Well you can't claim to know a system will fail if you don't understand it properly, can you? I know the basics of how investment banking, derivatives, and so on all work, and I know basic economic theories, so I can make an informed judgement, and really, it doesn't take that much effort to get yourself clued up on that stuff too.



There's no better system currently in existence, and besides, just because companies are always trying to compete (and therefore offer us better products), it doesn't mean people as a whole have to, does it?

And I said that if the products are low quality then they need to make up for that with low prices, which is what Wal-Mart does. Their business model is very smart actually. Not necessarily ethical, but smart.



US politics influences the world, yes, and I'm not here to debate politics with you. But capitalism isn't the reason behind that.

American business is though. For example the US backed coup in Guatemala.

I understand what capitalism is, how it works and how it's flawed.........I don't know all the details about every single thing that goes into capitalism, I have not studied economics in college so yeah I am not an expert but since when does one have to be an expert to have an opinion? I don't like the way capitalism works as a political/economic system.......because it seems to leave a lot of room for people to get f*cked over I think that is a fairly reasonable reason for not worshiping capitalism like its a god.

I think the way they have things set up in scandinavia is pretty effective for the majority of people, so I don't know that it's accurate to say U.S capitalism is the best system currently in the world......that would be an 'opinion' Also they encourage a lot of negitive behavior at an early age like at school and such.....this negitive behavior kind of seems to immitate the economic attitude of capitalism.........if it does not create massive amounts of profit screw it. If the citizens would rather have marijuana legal for instance but if the feds and corporations that obviously build and run prisons makes more from arresting people for it what are they going to do? probably keep having people arrested.

Also low prices at what cost, paying chinese workers sh*t wages while putting buisnesses that actually provide employment for U.S citizens out of buisness......capitalism is not all rainbows and cup cakes I guess.

Oh you're not here to debate politics with me, yet you have been going on and on and on about how completely wrong you think I am about politics and economics. That makes no sense.......and as much as you try to deny it yes capitalism Definitly contributed to the problems in the world I am referring to........but you're not here to debate 'politics' so I suppose you don't care about the details.

But that is still not because of capitalism. Capitalism does not condone gov't intervention into the economy. You cannot blame capitalism for the actions of businessmen who do not practice it.

Oh dear lord..........go read Economic Hit Man. But I will do my best.....that is percisly an issue that comes up. Some countries would like to intervene in what the U.S would like to do in their countries but corrupt politicians like to give in to large amounts of money. The people in charge of the very powerful corporations and the federal government seem to think they should have the right to do whatever they want in any country they choose.

But yeah I really don't have the time to go list a bunch of examples of this at the moment cause I have to head to class.......but when I come back maybe I will.

Generic statements about something does not understanding make. As I said, learn about how it actually works instead of talking about how evil it is.



I never said such a thing. I don't care about the US specifically at all.



Again, you are confusing politics and economics with each other. I'm not debating political issues with you.

And since when was the legialistion of marijuana an opposition to capitalism?



I never said Wal-Mart was ethical.



I'm debating economics, you're the one bringing up political issues. And capitalism may cause problems - I never claimed it was perfect - but socialism causes more. As I keep telling you, look at history.

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you make your own success. it is not awarded to you by your "world" of expectation, but you can do what you are good at.

you very much have a forlorn nature about you and i hope you prevail and do not hurt yourself.
i like you even if i can not communicate with you.

This is not entirely true. The mega corporate capitalists love government intervention when it prevents competitors, upstart entrepreneurial firms from getting a leg up on them. They also love interventions that privatize profits and socializes losses. Many of the big companies were only too happy to receive bailouts and handouts from the government.

Genuine capitalists of the lassaize faire verity are rather scarce. The big corporations types the Crony Capitalists talk a good free enterprise game but rarely play it.

ruveyn