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Response to PoindexterOglethorpe (Reply #1)

Sun Mar 10, 2019, 09:09 PM

36. And how many market failures have we seen?

 

How many times have the capitalists relied on the state to bail them out?

How many people hav had their lives destroyed in the requisite "creative destruction" admired by capitalists?

Setting aside the global failures and the 19th century American market failures, Capitalism would have failed in the face of the depression, World War II, and the 2008 housing crisis. Hell, the capitalists were subdividing their businesses so they could sell The Germans computers and soft drinks.

Capitalism hasn't "been around" for 500 years. The word has existed, but the meaning is constantly being changed.

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