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Thread: Has capitalism failed?
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[quote=GUEST2368,331379]Finanicial crisis is the inevitable cost of capitalism. Karl Marx's "Theory of Surplus Value" can justify it. The nature of capitalism is to create and maximize " surplus value" . To maximize surplus value, capitalists blindly increase productions. which leads to the excesses of capitalism. Free markets actually indulge in excessive production. Financial crisis is an economic cycle of capitalism. The last big attack on capitalism in 1930s led to reinforced government control over the financial market. After 1930s' financial crisis, US policymakers became Keynesians, while they failed to curb the economic bubble and the fraud in the entire financial market. [/quote]
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