I think this is true for any system. Capitalism is just individual property ownership... that's it. There is nothing inherently evil or bad about the system. All the negativity that people/the media have attributed with capitalism are the same evils that will plague any other. People always want more, people get jealous, some people are born into better situations, some people have better genetics, some people are dumb, some are smart, ...ect. Trying to enforce everything to be equal on a government level goes against the very nature of human kind and evolution. If there was some system that ensured all early human primates had equal breeding opportunities, food, and safety... then evolution would never have occurred. It is like everything else... a double sided sword.

One day it may be possible to go against the grain of evolution, and create a planned society... but even then... energy, resources, and population will need to be kept in balance. Either by a complicated machine/software overlord (Logan's Run)... or a bureaucracy of scientists. Which could work... but most people would fear/reject this. Both are also subject to corruption as in any capitalistic system. Basically, anything short of complete anarchy... is subject to corruption.

If people want to continue to run their own lives as they see fit, they're just going to have to deal with competition and the possibility of failure. There's never going to be a system where people can just do whatever they want, all the time, with no consequences. Besides maybe the possibility of downloading your brain into a computer world... which still may not work, even with singularity (heavy philosophy comes into play here).

This is all part of the "Everything sucks" theory...

Reminds me of a funny anecdote also...

"Have you read 1984? It's a great novel..."

"Yes. It is good. All children should be forced to read it."

:)

I've been researching lately and wondering if a dual-economic system would ever work. Capitalism model for finite physical goods/property and a more socialist model for the service industries... all in the same country. Using two forms of currency. Might be difficult as some industries (like health-care) have overlap... still interesting to think about though.

Btw I consider us lucky.

As, most probably we'll see major fuck up in history on the front seat. And it even could be last one :-)

@bwhitz

Thanks for the Community reference.

As more of us leave the corporate system and find ways to make money on our own, I think we'll see a shift in capitalism... to what, not sure. But it's exciting.

"As, most probably we'll see major fuck up in history on the front seat. And it even could be last one :-)"

Warren Buffet has said similar things. Another Black Swan event will come. Hope we can roll with the punch when it comes. In the meantime people, stock up on Spam.

@Mark_the_Harp I was in the LA Riots. In the blink of an eye you can be on your own with the wolves.

Corporations are the new governments. Can't remember who said that but I'm sure there's a lot of truth in it. They can control resources and workers and they can also bury what doesn't fit with their agenda.

I worked for a supposedly 'creative' organisation for many years and saw a lot of good ideas quietly buried because it didn't fit with the corporate strategy. Big organisations have a huge amount of power and can wreck individual initiative when it suits them. Witness also commercial food businesses buying patents on things like strains of rice that have been developed collectively - whatever the reason for doing that, you can bet its not altruism.

So I personally worry more about big business than big government.

Yes - free market capitalism should lead to 'perfect competition' (so long as there are proper anti-monopoly laws in place) that will tend to lead to zero profits for competitors. This requires fearless independent incorruptible regulators. Corporatism (I call it crony capitalism) is corporations buying/ capturing regulators to prevent free market outcomes. Japan leads the way. Most of the rest of the G8 is catching up fast.

Even for dinosaurs the prime function was their own survival…

all the social organizations after monarchism (found to be natural to human specie, and other predator animals that live in heard) is funded on one base only control of masses , do you thing that the kings and big powers of some time ago, just vanished get yourself a new par of eyes. They are smart though an they have studied very deeply the weaknesses of human nature. So they give us communism, democracy, capitalism, and all the ism's you wish for, its just an illusion, to get us to believe that our voice is important, for them it isn't. What differs from a man in year 1000 before Christ and the man today, i will tell you uselessness. We are not smarter, nor stronger, not wiser or have more values. All the opposite. Is this randomness??? NO, nature evolves, we aren't. So now a days that leads us to two options or we are so naif to get ourselves auto exterminated, (against nature itself) or someone has some wicked stuff in is head and is trying to kill us all. That's a scary though. So stop loosing time (very precious gift), there is not much to be done apart from freeing ourselves from the lies, and be happy as we can, on small things. All get to that (simple...)

"So now a days that leads us to two options or we are so naif to get ourselves auto exterminated, (against nature itself) or someone has some wicked stuff in is head and is trying to kill us all. That's a scary though. So stop loosing time (very precious gift), there is not much to be done apart from freeing ourselves from the lies, and be happy as we can, on small things. All get to that (simple...)"

Yep. Corruption keeps us safe. The idea that the wealth of few mega-powers is based on the well-being and consumption of goods by the masses is a good thing. It will use their own selfishness and love of money to ensure that they won't let society completely fail... or their wealth will fail as well. In this regard, capitalism works pretty well. Although it still needs to be kept in check, as to not let one corporation or entity rule all others... then we're just back to an oligarchy.

So like I've said before... the key to a good capitalist country is to have it full of private businesses, not corporations. Allow businesses/companies to partner up for limited mutual benefits, but make it strictly illegal for them to buy and sell each other.

@apriori "It's frustrating to hear well-meaning protestors who are fed up with the banksters shouting illiterate platitudes about "deregulation; the LAST thing the conglomerates want is "laissez faire" capitalism -- they'd actually have to compete and earn their money through mutual exchange! Why So much easier to have a bureaucrat rig the game for you instead. It was for these reasons that Ludwig von Mises rightly called corporations, "little lumps of socialism"."

Yep exactly! Why compete in the marketplace... when you can just OWN the market place? This is why people have collective-socialized companies to thank for the camera product tiering... not capitalism. Red is Capitalism... Sony, Panasonic, and Canon are Collectivists (socialist-model entities operating and profiting from a capitalist market).

Police state is almost completely likely, but thats not going to stop the destruction of the dollar, and as Vitaliy says, reduce our purchasing power below our threshold of "enough stuff" to keep us happy. I keep telling people this, but you better have some of your money in commodities like silver, liquor, guns/ ammo, land, and enough knowledge to know how to feed yourself.

I'm not saying all of your money should be like this, but some is wise for sure. My question is what will happen to the internet and camera community during this time? I suspect the government will leave the internet on because its a way to control the population, but I don't know about the entertainment industries.

Artist the first to get killed... JAJajajajajaj