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Reply #6: Actually, we did not bomb them, they accepted Capitalism... [View All]

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Ozymanithrax Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 04:04 PM
Response to Reply #2
6. Actually, we did not bomb them, they accepted Capitalism...
in various disguises. They were capitalist before World War II and rethought and redeveloped their capitalism after.

This is not our fault that Japan, and most of the first world countries made an attempt to develop Capitalist systems of economics. Since the Collapse of the Soviet Union, Capitalism (if that is what you want to call he modern system of economics) has ruled. It is exploding in China and India, the most likely future super powers, today.

When it works as intended by its first great theorist, Adam Smith, it works well in societies that esteem individual rights.

It is when the depart from Smith and remove regulation that Capitalism fails. Of course, when the economy is no longer regulated for the benefit of the citizens of a nation, it is no longer Capitalism.
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