Finance, Forex and Investments

Is capitalism proving itself failure even in America and India, a booming economy?

People are losing their lucrative jobs , every where and are on the verge of committing suicides. Private Sector is proving very unstable now-a-days.

Public Comments

1. Capitalism can't flourish unless it is left alone to work. It can't when the government is trying to control it.
2. you bet ye, when america sneezes, india gets pneumonia.
3. Any system would fail with excesses. America's capitalism is one of extreme excess, it is time for a correction
4. You are overreacting. Unemployment is less than it was in Carter and Clinton's administrations. The economy will be fine if people quit screaming that the "Sky is falling!" and if the govt stays out of it! There is only one other country in this world that is doing better than we are. It is an election year, so doom and gloom must be spread in order to change the power structure. If we don't increase taxes on small businesses owners, corporations, and others how actually put money into the economy, we will be just fine.
5. The problem with Capitalism is the same one Communism had--they assume that people are perfect. Capitalism assumes that businesses and consumers are on an even playing ground, and that what consumers want will be what the markets will provide, and at the expense consumers demand, or the consumers will go down the street to the next store and buy it there. The problem is, it doesn't take into account large businesses and monopolies, who can pretty much name their own price and the people have to pay it. Also, it doesn't take into account the subsidies businesses get to stay in business--that's another cost to the consumer that helps big business pad its profits, and lets it be more immune to the needs of consumers.
6. We have lived Beyond our means and the dollar is about to die so it is time for something new. It's time to have a bank for the people by the people and one that is FAIR to the middle class and not the rich only.
7. The reason why the American economy is faltering is not due to the failure of capitalism.It was mainly as a result of a misadventure of an all powerful man just to satisfy his ego,paranoia,sense of omnipotence or what have you.If any one is advocating a return to the lost cause of socialism,communism and an egalitarian society,it would only establish that person's contumacy and unwillingness to get rid of his blinders.When the general economy the world over is under stress due to a variety of reasons,private industry alone cannot be expected to flourish and defy the laws of economics.Even during the golden years when the economy was booming,the public sector enterprises in India uniformly proved to be white elephants barring a few,chiefly because of the total lack of control over the work force,expenditures,production and productivity and above all self interests and political interference.There were other factors too that contributed to the sorry state of affairs the PSUs found themselves in,which certainly may be a matter of debate and which may be too long to list.But if someone were to propound a theory that a balanced mix of capitalism and socialism may prove beneficial,it is worth a try in a small way before being accepted as a general system.For the present,however,there seems to be no substitute for capitalism for all round growth.Of course,if one were to cite the example of China,it is a different ball game altogether and very difficult to be duplicated again for a wide variety of reasons,also too long to be listed.
8. The failure has been caused by a greed of the few at the top and a total disregard of the masses world-wide. The fault does not lie with Capitalism alone, it is, how it is managed. Theories are bound to get refined and change with time. We have to dynamic and reactive and not a stagnant economy: There are still needs world-wide. There are still resources world-wide. There is a need for jobs throughout the world. There is a need for the proper re-distribution of wealth so that there are the least number of disadvantaged people who do want to work. Remove all barriers that hinder progress and cost unnecessary headaches, time and money. There is a need to minimize the number of people who never want to work but still want to collect a welfare check. Reduce the number of handouts - instead do actions that help revitalize the economy, gets people moving and puts food on everybody's table. Stop balancing the books by throwing money at the banks. It does not do anything significant for the economy that can be seen from the various stock exchanges going crazy around the world.
9. Sometimes it is wise to answer a question with a question Check this out. It's a poem from an ebook (The Last Word) I read recently, written by Solly Makgolane. The battlefield Bombs were born Guns were shot That's the truth sir Bullets went through the air Knives were out I heard a people' shout This is what the war was all about: At the beginning of my adult years... I found enlightenment in the battlefield of ideas My eyes were opened My mind was elevated when my opinions were challenged My home became a place where the Capitalist system was questioned, where many asked: Is it only the elite who have a voice under Marxism? Is there another option?
10. There are all-new companies, stores, restaurants, and banks every 4 years. There is an average employment duration of 1 year. Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism. Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds). Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for. Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.
11. Although Capitalism is not perfect---------- it is the best financial system ever devised by man; and gives the most people the RIGHT to succeed or fail on their own initiative. It has improved the lives of hundreds of millions of ordinary people. Even the official definition of POOR had to be changed in the USA-- our poor usually own a home -- drive a car-- have a TV and kitchen appliances, receive food stamps, and medical care-- and many other articles formally attributed to the well to do. Poverty using different measures of income Read this section of the following report-- "Poverty using different measures of income" http://www.irp.wisc.edu/faqs/faq3.htm