This is false. If this was true, the biggest banks would exist in Africa. Poor and unemployed people are not good for economy. The biggest money businesses and banks made during economic boom. Check the statistics.
Banks lend you money, to help you grow your business. For this you agree to pay it back with interest. It is in bank interest that your business is successful. If you are not successful and go bankrupt, then banks don't make money, they actually lose money with bad business.
Banks also lend money to individuals. Why would banks wanted you to get fired from work? If you lose your job you won’t be able to pay back your loans and banks lose money on it. It doesn't make sense.
Actually cost of production is rising in China. This is a normal way when country gets developed.
Capitalism is not about to die. Capitalism is at least 300 years old. It wasn't formulated and invented by a scientist or politician way back. It happened naturally and gradually thanks to new technologies, machines, engines, faster production of goods, and grew slowly from humble beginning of first manufacturing in GB. Later it evolved through couple of hundreds of years, in what we call free market capitalism. It started benefiting nations so much that it killed feudalism with its strong backbone of hereditary rights. It showed socialism how socialism was unproductive, backward and unsustainable. In result, socialism was abandoned around the world. In comparison socialism was invented by philosophers and politicians, experimented against will of majorities, and eventually failed.
Capitalism is an evolutionary system that adapted itself to human nature. That's why it works, and the other production systems failed.
What we don't like most about capitalism is that capitalism has phases. Phase of growth known as economic boom, and phase of downturn that we call economic crises. These two phases are actually what make capitalism work. Economic crisis is the most important one for its success. Crisis weeds out bad and unproductive businesses. Businesses that survive are the once that were good and prosperous. Eventually it rewards every person in the country, businesses as well as people. One might compare capitalism to nature and natural selection, survival of the fittest. That’s why it worked 200 years ago and it works now.
So, we have another recession. Nothing new, it’s just a little different than other recessions, but they all differ somewhat. We’ll fix finances, slap few improved regulations, and life goes on…capitalism all the way.
Who will hate it, and tries their own economical model, will fail sooner or later and come back to the best economic system we have so far.
So what that it is not perfect, so are we, people. At least capitalism has ability to adapt quickly to changing environments and capricious human nature.
hmmm interesting view,
lets take one by one,
if banks earn so much at the crisis time? then why both US and EU agree to support banks?
why they both raise taxes to give money to banks?
2nd
Capitalism is the philological word of a well studied method of economy based on the co-existance of treasury and private treasuries,
behind modern capitalism are many philoshophers, among them my favorite
Adam Smith,
so capitalism is also a well studied model and not a peoples model,
the problem of Capitalism is that market can not be handle, is merchant, it can not control merchant, or monopolize it,
also the late 40 years economologist who invented money from nothing creating bubbles
besides the modern marriage of Capitalism with communism might show the future of Free world, turning all the planet into china model, but instead of communist party to have Bankers party,
so the best for capitalism in Europe was not the last 100 years but the times of James Watt and the after 50 years,
that means with out the Caynes theory, uppon which Europe was build 1945-1990 the time Ussr collapse,
so with out the Caynes theory Capitalism will bring us back to early industrial ages when people left villages to go to work to the dirty polluted cities of england which were blak by the ashes of coal, leaving 1 full family in 1 room,
what is the difference of capitalism conditions with the communistic conditions, since maybe you lived in an ex-east block country?
if leave bankers free, soon bad forms of coal will run our machines, like lignite,
no filter in the chimneys to collect flying dust, no pollution and green future,
remember that chernobill heavy rain that drop in south balkans raise the lemphmas by 400 in N greece Albania Fyrom and south Serbia.
who will stop bankers if tomorow they say it costs to have electric lets return to coal?
just ask your shelf why some breathing diseases drop after the drop of usage of coal,
I am not against Capitalism, But I agree with Caynes,
The state must the referee among people and Capitals, among workers and employees, among merchants and bankers,
so creation of a 3rd pole is a must before we return human conditions to 1700,
before we have a new early industrial era,
before we run to the point to sell our kidneys to live our child,
or to live with phymatiosis,
Now about communist and its theories,
Just remember the ancient Greek word Koinon = Bank
Κοινον Αθηναιων = Treasury of Athens,
All ancient cities-states had a private and a common wealth,
and there are many cases of common wealth,
I am not a communist, but every connection of κοινοκτημοσυνη (common property) with the Dictatorship of ex USSR is just a myth,
I still like the old Caynes Theory upon which Europe was build,
but today the need to create another pole to ballance the capitalist-Communist alliance is a must,
either we are doomed to return in 1700 conditions
ABOUT STATISTICS,
they are numbers, check how was Human societies before Watt and few years after Watt,
Besides my personal believe is that as a Green thought is created and helped clean the cities and prove our living conditions, same way an Anti-Banking thought must be created,
before we become all food of Bankers,
I do not want the dillema to sell my kidney or to send my daughter to ....
Let a famous Banker like G Sorros to have it,
and there many ways,
1 is that 80% of Greeks and 40% of Europeans did
redraw deposits,
2 stop giving gifts to Banks payed by tax payers,
The bubble money must boom and toxins must moved away from our economies and our lives,
by supporting Banks these days we only support the gang-green to enter more our society's body.
well if you see it you might say it is in Greece,
Yet is in the Heart of EU, Belgium and Dexia
the girl is working for the Dexia,
Such methods, I really wonder do we live in EU or in ex USSR
as you see the methods of modern capitalism are the same of ex-communism
same conditions,
at least in EU is a kick in face,
in ex USSR will be a exile to build a city in Siberia, and in China a shot in head as traitor of party,
the resume is one,
DO NOT PROTEST.
we control the goverments and the police
the carrot times are over,
donkey must whip rider before he did,
or the rider must get off donkey and either pull it, either find for new carrots
choose your act and pick your choices,
:annoyed: :innocent::wary2: but not
etrified:
these are the best workers in the world,
Bankers want to be like one of them.
a cheap lean working machine, brained washed, to get more profit,
you do not need to live, a cup of rice, an aspirin,
you do not have the need for truth, Party or Banker knows it,
