Is Capitalism Unsustainable?

Discussion in 'Off Topic' started by Psychedelic Casual, 4 Dec 2017.

  1. Prestwich_Blue

    Prestwich_Blue

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    Semantics maybe but I'd say that working under a central planning system where you have no control or incentive is almost invariably not for the collective good. No one really benefits.

    Whatever system you choose to call it, that's the point that Deng Xiaoping (who was always an economic reformist, which earned him Mao's displeasure) took on board. The Chinese call it market socialism or "Socialism with Chinese characteristics" whereas others refer to it as state capitalism. In fact the official line is that, to move to a fully socialist economy requires an element of capitalism. I think we'd both agree that's bullshit.
     
  2. jonmcity

    jonmcity

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    Capitalism is unsustainable if the few get to greedy, and are not willing to pay the many enough to contribute to a growing economy, as is the case today.
     
  3. Magicpole

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    So yes then?

    Because people will always want the new thing. Always have always will.

    My view is unless it is a mixed economy, with increased wealth spreading, then ****s worse than Trump are waiting to feed on the discontent and lead us down very scary avenues.

    I can't believe I wrote ****s worse than Trump. That's how scary I feel pure capitalism to be. Too many people left behind to be exploited by saviours.
     
  4. urban genie

    urban genie

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    It sounds like a co-operative each house worked for themselves, but in a collective as a village to look after each other which is a socialist form of thinking.

    Individualism is not discouraged in socialism, but economical and social equality is, tge great leap forward, pol pot and stalinist russia may have used the mantle communiat or socialist, but they were totalitrian and totalitarianism can thrive in any economic system
     
  5. jacko74

    jacko74

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    I think you're being rather pedantic.. of course when I used the phrase ''socialism for the banks'' then it's actually a complete bastardisation of the true concept of socialism.

    But I didn't think that would need explaining.


    Still waiting for SWP to further explain how the banks haven't received any State support in the last decade...
     
  6. Big Swifty

    Big Swifty

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    Marx was a bit hasty and premature in predicting the decline of capitalism.

    Marx rushed in where Engels feared to tread.
     
  7. gordondaviesmoustache

    gordondaviesmoustache

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    I think he grossly underestimated its wealth creating powers.
     
  8. Big Swifty

    Big Swifty

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    I apologise for introducing a weak pun into a serious discussion then
     
  9. gordondaviesmoustache

    gordondaviesmoustache

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    Sorry mate, missed that one :-/
     
  10. Grassland Blue

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    That'll be zero Marks for you then!
     

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