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Thread: Has capitalism failed?
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[quote=CARLOS,330962]Agree, Summer. Must say that I think nowadays there really is not such thing as socialism in China any more. Anyway, if try to find something in common among socialist and capitalist leaders, that is greed. Socialism as an ideology is that all have plenty. That never has come true in any socialistic country. There have always been and will always be people who live much under sufficient income. Pepole who run the system have all plenty indeed. Capitalistic system is, if say it simply, based to idea that some people will have it all, other´s job is to produce wealth to leading minority. Bottom line is that in both systems few get much. So, have capitalism failed now that we have crisis again? I would say no. Tax payer´s money is transfered again and they will never have it back. Money doesn´t fade away, it just changes position from tax payer´s vallet to some other. China hasn´t totally experienced this financial crisis yet, it´s economy keeps growing, but people who have no much will have less all the time and some other will have more and more. Argument about greed is then attested. "it looks like China - a country whose people normally save their disposable income - is also beginning to buy into the idea of credit cards and living beyond its means.When that happens, I think you'll find that a financial crisis does not play favorites between capitalism and socialism." Sadly I must agree this. Carlos [/quote]
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