wiseones2cents
Well-known member
It is clear capitalism is a failure. It creates wealth but it also creates slavery(to the system), and absurd amounts of debt.
Most capitalist economies end in BANCRUPTCY!
The only reason the USA hasn't gone bankrupted is because Asian Countries like China , South Korea, Taiwan are buying their debts.
Exhibit a) chinapower.csis.org/us-debt/
Is it a Risk for America that China Holds over $1 Trillion in U.S. Deb…
From a national perspective, China buys U.S. debt due to its complex financial system. The central bank must purchase U.S. Treasuries and other foreign assets to keep cash inflows from causing inflation. In the case of China, this phenomenon is unusual.
Its like a Tom Vu scam(who went to jail), Using one credit card to pay the other!!!
The cost of living is skyrocketting world wide due to capitalist inflation. The majority of people are having a hard time making ends meet and living in debt.
How exactly has capitalism been successful? Making money off the backs of the working class and when they cant milk it anymore, they change host nations? Like all the money going to China.
If you dont think Capitalism is a failure? Explain how it has been successful. And dont use that lie that it has gotten many people out of poverty. Its come with a price. NATIONAL DEBT. That has to be eventually paid by the tax payer consumer(not the rich who profitted)
What has gotten more people out of poverty is abandoning the gold standard, which allowed more money into circulation via fiat currency. This can be done with ANY economic system, even socialism. The difference is, in Socialism, you dont have to pay it back with interest like in capitalism.
Most capitalist economies end in BANCRUPTCY!
The only reason the USA hasn't gone bankrupted is because Asian Countries like China , South Korea, Taiwan are buying their debts.
Exhibit a) chinapower.csis.org/us-debt/
Is it a Risk for America that China Holds over $1 Trillion in U.S. Deb…
From a national perspective, China buys U.S. debt due to its complex financial system. The central bank must purchase U.S. Treasuries and other foreign assets to keep cash inflows from causing inflation. In the case of China, this phenomenon is unusual.
Its like a Tom Vu scam(who went to jail), Using one credit card to pay the other!!!
The cost of living is skyrocketting world wide due to capitalist inflation. The majority of people are having a hard time making ends meet and living in debt.
How exactly has capitalism been successful? Making money off the backs of the working class and when they cant milk it anymore, they change host nations? Like all the money going to China.
If you dont think Capitalism is a failure? Explain how it has been successful. And dont use that lie that it has gotten many people out of poverty. Its come with a price. NATIONAL DEBT. That has to be eventually paid by the tax payer consumer(not the rich who profitted)
What has gotten more people out of poverty is abandoning the gold standard, which allowed more money into circulation via fiat currency. This can be done with ANY economic system, even socialism. The difference is, in Socialism, you dont have to pay it back with interest like in capitalism.