The Capitalist System Is Decaying Because Of Its Own Contradictions

Professor Immanuel Wallerstein (Yale University) on the limits to capitalism. This international capitalist system is bifurcating (branching into two different branches). It is no longer possible for capitalists to accumulate capital as in former times.--- that is the crisis.


[ame="http://www.youtube.com/watch?v=sTJLSmlAVSY"]Kontext TV: Immanuel Wallerstein on the limits to capitalism - YouTube[/ame]

 

Another stupid thread that is not a CURRENT EVENT where anti-free trade ideologues claim Capitalism does not work when they bastardize it with over the top regulations and crony capitalism enforced by authoritative governments.

 

And a Debt-monetary system owned by the International Bankers.
Something's got to bust in the next few months--maybe the end of Western Civilization as we know it? Should be interesting times.

 

I'm beginning to think that complete socialism might be a better option at this point.

 

Gianormious corporations need to at least be reigned in so there is no longer such an idea as "too big to fail".

 

Agreed, but the *********s will have you believe that its the working man thats killing the economy because "they make too much money". But to say a corporation makes too much money is "communist". This is why 80% of the country hates the **********s.

 

China is in the lead, Germany bought the New York stock exchange. Capitalism has lost to Communism and Socialism.

 

I agree with this, but the gianormious corporations were allowed to become reality only because government gave special deals (non-Capitalism) to these big companies.

 

Partially I agree, but markets of scale (uber capitalist) also lead to efficiency gianormious corporations take advantage of. They would arise even without the government help. Just look to the pre Roosevelt (Teddy in this case) business world.

 

It's really simple... all we need to do to get the corruption out of government so these mega corps can't have their enormous power is the following.

1. NO CAMPAIGN CONTRIBUTIONS to any candidate, party, or referendum/amendment unless you are a private U.S. citizen living in the area which the candidate/amendments represents.

2. Maximum contributions per years is $10,000 total per citizen.​

This will remove virtually all external foreign influence, all corporate influence, all special interest influence, and all union influence on our political process. This will return the power back to the people.

Whether a person is a huge liberal or conservative they should agree with this change in our laws.

 

oh come on.Without Capitalism,how would we pay for all your sweet welfare and food stamp programs?
Dont blame Capitalism on the fact that the only "Change" Obama left you with are a dime and a nickle in your pocket.
Only failures in life hate Capitalism.

 

IMO there is no business too big to fail. When they fail, another pops up to take over. It has worked for over 200 years. Only lately has the government convinced the people otherwise.

 

can you tell us the most important contradiction in capitalism or do you have no idea whatsoever?

 

How about this one:

Workers are not paid enough to buy back all the goods and services they produce; therefore, there are periodic crises of overproduction.

[video=youtube;AULJlwoI3TI]https://www.youtube.com/watch?v=AULJlwoI3TI[/video]

[video=youtube;ApN9H0dn7ig]https://www.youtube.com/watch?v=ApN9H0dn7ig[/video]

[video=youtube;P-c4aCBMua8]https://www.youtube.com/watch?v=P-c4aCBMua8[/video]

http://www.amazon.com/Seventeen-Contradictions-Capitalism-David-Harvey/dp/0190230851/ref=sr_1_1?s=books&ie=UTF8&qid=1464458764&sr=1-1&keywords=17+contradictions+of+ capitalism

 

One thing is for certain in my view:

Any time money generally becomes more important than PEOPLE... that will cause problems to 'build'. Greed is like a 'toxin', that eventually causes societies to become 'ill'.

 

You got that right, buddy. Abraham Lincoln once said, "Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." First Annual Message December 3, 1861.

http://www.presidency.ucsb.edu/ws/?pid=29502

 

Well, of course. Its working so well in Venezuela right now that people only have to riot and loot one food truck a day to eat.

 

No, the ones who can't make it need to fail. The pain needs to be realized for an example to be set to the next group who would mismanage an enterprise: "Don't do that".

 

They don't say that at all. What have you seen that makes that claim? You read a lot of Salon?

So, Hugo Chavez really reined in those greedy corporations and rich people in Venezuela, huh? He raised taxes, seized corporations and their assets, seized land from big land owners. Re-distributed the rich's ill gotten gains to the poor and made everyone more equal. How is that working, again? http://www.usatoday.com/story/news/world/2016/05/18/venezuela-food-shortages-cause-some-hunt-dogs-cats-pigeons/84547888/

 

Seems to work well in Denmark, Sweden and other socialist countries. No rioting going on and everyone seems well fed.

 

Must have been the ALEC/Koch support of the TP that started that mentality.

 

Oops, cognitive distortion of "all or nothing thinking".

Everyone will hate capitalism when it's obvious that our need for clean air and water were less important than a profit.

 

The communist countries have a far worse record of environmental management. When the government controls the economy it can do anything it likes, and has done.

 

This is the narrative of the libertarian loonies. The lack of of a strong central government and weak regulation didn't hamper the robber barons in the 19th century. J.P. Morgan dictated legislation to his coterie of legislators, transmitting from his yacht via the new-fangled radio telegraph. Rockefeller took advantage of separate state laws governing corporations by perfecting the trust system.

 

Agreed. And I think it is that way with most of them. Corruption wears different clothes in those nations.

In America, the government needs to be made constitutional, then environmental issues will be lawfully and fairly death with.

Because the purpose of free speech is abridged, people do not know how bad the air and water are. Media conceals the facts. In order to correct these things we need our right to alter or abolish.