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Is This the End of Capitalism?

Posted May 15, 2009 12:20 PM

America was built on risk taking by investment banks such as Goldman Sachs and Morgan Stanley. Now that the last of these Wall Street banks have converted themselves to lower risk, tightly regulated commercial banks, limiting their ability to dabble in exotic derivatives and credit instruments that contributed to the credit crunch, are we looking at the end of capitalism as we know it? State intervention is the ultimate taboo of free market. Isn't regulated capitalism an oxymoron?

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Participant

Join Date: Apr 2009
Location: New York, New York
Posts: 4
#1

Re: Is This the End of Capitalism?

05/19/2009 5:15 AM

Yes, I think the enemies of capitalism have certainly won the first battle.

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Power-User

Join Date: Oct 2007
Posts: 124
Good Answers: 3
#2
In reply to #1

Re: Is This the End of Capitalism?

05/19/2009 2:50 PM

I agree except this is far from being the first battle, it has been going on in the current form for the last 100 years with few interruptions.

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Anonymous Poster
#3

Re: Is This the End of Capitalism?

05/19/2009 6:59 PM

High performance race cars have rev limiters and governors to protect the engine. Isn't this an oxymoron? Racing is about maximum speed, or is it really about winning? High performance fighters have controls and sensors to monitor G forces and protect the pilot from exceeding pilot and airframe limits. If the best is the best this is also an oxymoron? Unless you consider the life of the pilot and his aircraft. As a systems engineer I have found that the more performance I want out of a system, the more controls and sensors it needs. For capitalism to be the foundation of a high performance financial system it also needs to be monitored and controled. The goverment is responsible for the monetary system in our country. It is time they start doing their job.

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Active Contributor

Join Date: Nov 2007
Location: South West Florida
Posts: 13
#4

Re: Is This the End of Capitalism?

05/20/2009 12:53 PM

Real Capitalism is regaining it's grip. The big monopolies whether financial or automotive have come tumbling down simply because of unmanaged greed. When they took the hill top, as in king of the hill, they monopolized resources and the marketing. Better companies with better philosophical principals have been and are out there, but at a lower altitudes. These smaller, more nimble and better thought out "true capitalism" companies will now be given the chance to rise and make a name for themselves. Meanwhile the greedy, fascist (look up the definition "Fascism" in Wikipedia) companies that have just fallen will continue and give the government a reason to regulate. The government should have let more of them fail. Banks specifically! The financial garbage that put the US and world in debt was unsustainable. It was built on lies and schemes to concentrate wealth. The wealth came from the common person and was drawn up to the top. In essence the banking and automotive companies were waging a war against the very people that bought their product. My recommendation is if you have a good idea for a business, right now is the time to get it going and take advantage of this potential giant killer chance that is out there. In other words take advantage of their weakness and prosper.

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