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A comment on Capitalism Has Gone Off the Rails. Parent comment

Re:Capitalism Has Gone Off the Rails by dublinclontarf on Monday November 03, 2014 @06:12AM (#8550238)
The crisis in Europe is caused by the continued use of the Euro and all the policies being applied in an attempt to ensure it's existence.

Economics, and capitalism in particular are not a zero-sum game http://www.povertycure.org/issues/the-zero-sum-fallacy/

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Re:Capitalism Has Gone Off the Rails by Cowicide on Monday November 03, 2014 @09:24AM (#8550867)
There's certainly ideas and actions to respect from povertycure.org

However, povertycure.org seems to be embraced by quite a few neo-libertarians, neo-cons and the specific page you linked to is high on platitudes and fairly low on facts, in my opinion.

Between the strange mix of a libertarian worship of a unicorn "free market" combined with religious overtones, they strike me as a somewhat confused group with quite a few ulterior motives running in the background.

For example, this charmer from povertycure.org's board:

http://www.theguardian.com/business/2009/oct/21/executive-pa...

That's not to say I think povertycure.org is all bad and I disagree with everything they all say and do, but I take them collectively with a grain of salt. For example, I think Michael Fairbanks has some very smart ideas here and there, but I'm still wary of anyone that embraces a "free market" blanket solution to so many issues as well.

As far as the crisis in Europe goes, I think the damage that austerity measures have caused aren't given enough credence by a lot of the corporate media for obvious reasons.

More on this:

http://www.social-europe.eu/2014/09/europes-austerity-disast...

It's ignored too much, in my opinion.

edit: spelling

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Re:Capitalism Has Gone Off the Rails by amelius on Monday November 03, 2014 @07:45AM (#8550499)
> and capitalism in particular are not a zero-sum game

Look at it this way. Money causes corporations to become powerful entities (through propaganda, lobbying, internal R&D, etc.), and this reinforces the loop. There is a selective component, in that competition leads to corporate casualties. In other words, capitalism causes agglutination of money. Hence, capitalism leads to some people becoming rich, and most people becoming poor (because they are now out of business).

The effect will be directly noticeable to people here on HN when Google invents strong AI, and puts every programmer in the nation out of business :)

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