Re:After Capitalism?
by adventured on Saturday December 12, 2015 @08:58AM
(#10722744)
What does Capitalism have to do with your example?
Capital has always and will always be a traded good. Nothing about that can ever change. Unless you plan to return humanity to the most basic of existence, living day to day, scrounging, trying not to starve without reserves.
No regulation? Please point me to the industrial economy without financial regulations on any major specific thing.
What happened with the global financial meltdown was very obviously not due to lack of regulation. It was caused by the Fed encouraging reckless behavior by intentionally inflating asset bubbles as an attempt to accelerate recovery from the 2000/2001 recessionary economy. Hint: they're doing the exact same thing all over again right now, they're doing it on purpose and have been for over half a decade, and they're openly admitting it.
Capital has always and will always be a traded good. Nothing about that can ever change. Unless you plan to return humanity to the most basic of existence, living day to day, scrounging, trying not to starve without reserves.
No regulation? Please point me to the industrial economy without financial regulations on any major specific thing.
What happened with the global financial meltdown was very obviously not due to lack of regulation. It was caused by the Fed encouraging reckless behavior by intentionally inflating asset bubbles as an attempt to accelerate recovery from the 2000/2001 recessionary economy. Hint: they're doing the exact same thing all over again right now, they're doing it on purpose and have been for over half a decade, and they're openly admitting it.