DAVOS declares Western Capitalism is a failure

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Communism was a failure.

Pure Free-Market Capitalism is a failure.

 

Government managed capitalism - also called socialism has won.

Occupy has won.

 

Lets get out on the streets this spring and ensure the government recognizes that a healthy nation and economy depends on the health and welfare of ALL it citizens, not just the rich!

Kevin O'Leary thought that money was all-powerful. Sorry Kevin, there is one thing more powerful - the people themselves!

Kevin O'Leary and PEOPLE

He keeps saying, "I like money, and HOW WILL YOU MAKE IT WITH THIS IDEA?", or some such. And who or what likes money? Who trades using money? People. Money constitutes a major incentive that motivates people to do something - including Kevin O'Leary. One might not like his manner with some of the people who show up on Dragon's Den - but what he's actually trying to do is point out the actual or potential pitfalls to people who haven't done their homework, so they don't commit a pratfall and lose money as opposed to making it. That's partly what being an entrepreneur is all about. In my view, Kevin O'Leary recognises the importance of PEOPLE just as we do, even though appearances might suggest otherwise.

Trying to get a job is a different matter based on (a) having to meet all of a possibly long list of skill set requirements, and (b) having to compete with somewhere between 70 and 5,000 other people every time you apply for a job. However if you are lucky enough to "know somebody", which in practice means having a retinue of professional referees who know your work on a day-to-day basis and are prepared to recommend you for a position with their own employers, or have contacts elsewhere who might do likewise, this will vastly improve the chance of success with a given job application.

In any case, one of the big overall problems that we are faced with is a massive over-supply of people looking for work relative to actual job openings. This in turn translates into absurd lengths of time for someone out of work to get a job, with corresponding losses to the tax base and the economy as a whole (for instance, all businesses catering to the private individual and families). It's a function of probabilities, chance and statistics. See also my web site at www.unempgeninfo.com The failure to pay attention to THIS, world-wide - particularly in the U.S. and Canada - is, in my view, the reason for the mess that we are in. The financial crash in the U.S. which started in 2008 was a particularly blatant example of this; nobody was considering the underlying issue of sufficient and satisfactory jobs for all the people who were loaned money to buy homes and then "....lost their shirts...." when all the money lenders foreclosed on their mortgages. Never mind the "black magic" that persuaded banks all over the world to take on U.S. debt from all the U.S. money lenders involved. The whole U.S. financial market and business community got it wrong. Cause-and-effect relationships, at an obvious and basic level, were in play here. Nobody was even looking at them when they should have done. Utterly absurd.

It seems to me that the conference participants at Davos actually DO recognise this. And that includes Prime Minister Stephen Harper - who, therefore, should see our point when we present it to him. I said  WHEN, not IF. We must work towards that. The up-coming OCCU-CONFERENCE from June 1st to 3rd, is an excellent idea which will help with this, partly because we need to educate the general public - so that they are properly informed about what is at stake, which they aren't at present. .In concept, the idea seems to me to be similar to the "Stop the SPP" teach-in organised by the unions in the summer of 2007 - which, in my view, was very successful.

Money and government

Money is only a means to an end. People like what money enables them to do.

Socialism, or "state capitalism" is no better than governments controlled by corporations. I think separation of capital and state is as important as separation of church and state.

We need governments which are accountable to individual people, corporations are not people and neither are churches, armies, unions, parties or any other institutions.

It's why we call it "Democracy", from the Greek, "dēmos" (people) and "kratos" (power).

Socialism has Won?????

I think you need to review all the countries going bankrucpt and requiring bailouts they are all socialist countries.
Socialism is the biggest failure. All these socialist countries require bailouts should be force to give up any socialist comcept.

Socialism has *not* won!

Real socialism has not won, nor, IMHO, is it the answer to the perverted form of capitalism we see practised today. Sad to say, but because of that perverted capitalism - mostly in China - capitalism *is* winning for China, and perhaps India and other countries too, by mistreating workers through horrendously low wages/salaries and other abuses, and keeping the currencies of those successful newly-capitalist countries at an unfairly low exchange rate. That has resulted in a fantastic productive output, particularly by China, ensuring that revenues exceed expenses by - I believe - 100% or more, most of the time.

Assuming, for example, that Greece has been practising "socialism", it never ensured that the pot from which it distributed "goodies", such as 4-weeks paid vacations with inadequate production to back it up, full-blown "free" health care, "free" education beyond secondary school, heavily subsidized public transit - all of which are doable in a robust economy, was continually being replenished by the Greek economy through appropriate income taxes which the rich didn't pay (not the "Mediterranean Way", after all). There may have been other sales/luxury taxes, the payments of which should have been enforced, - yes, by police action - but were not. As a result, the Greek treasury was down considerably, and more borfrowing had to ensue to provide for all these social programs. All it took was the Wall Street debacle and the sub-prime mortgage scene in 2008 to collapse the financial "houses of cards" in Greece, Spain, Ireland, Iceland - which has mostly recovered due to strict banking laws enforcement and a tradition of folks paying their taxes -, and to a certain extent, Italy and Britain, and much of the United States itself. Soon, other nations, such as Canada, began laying people off, because goods and services couldn't any longer be sold to people and businesses which lost everything they had. This is a *depression*, babe!

The Scandinavian and Germanic countries appeared to have weathered the financial storm quite well, though the German-speaking countries did have some layoffs.However, their economies are not socialistic, nor 100% free-market capitalistic either. They have highly-regulated and well-supervised/monitored mixed economies, where there's a lot of "no-nonsense" private enterprise. Even their state-owned and worker-owned companies ensure high productivity without a sweat-shop approach. And environmental and tax laws are very well enforced indeed.

So, if an economy is headed toward socialism, it will be discovered that it won't work, because some folks, some where, would have to do work to keep the pot of distributables refilled, when it is depleted, and they'll want to be paid properly for their efforts to replenish, usually more than simply receiving from the "pot" only what they need. Therein lies the problem created by socialism, whereby the recipients take, but often do not replace: continued borrowing from afar to keep refilling the diminishing "pot of chocolate". Sooner or later, the borrowings must be repaid to the lenders.

Crony capitalism is failing

"Pure Free-Market Capitalism is a failure."
I don't know where you are finding an example of pure free-market capitalism right now, to observe failing. Free market capitalism and corporate ownership of government are two entirely different things. It is crony capitalism that we currently see failing, and your confidence that government managed socialism is going to succeed expresses an optimism in government that I personally can not find grounds for in human nature. We must do our best to hold corruption up to the light, we must be vigilant and not think that any system is going to prevent government from acting in ways that are not in the peoples interests.

Time2Fight's picture

 Give the people power to

 Give the people power to punish corruption within a free market system, and it would be much different. Corrupt Capitalism as we have become accustomed, is like cancer of the heart to human society. You cannot as such cut out your heart to cure it, we must carefully cut away the corruption and save what we can. We can win.

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