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General Discussion

HughBeaumont

(24,461 posts) Thu Feb 28, 2013, 04:44 PM Feb 2013

Is modern capitalism currently experiencing corruption or is capitalism corrupt by design? [View all]

Would capitalism in America experience a sea change for the better if more democratic initiatives were gradually introduced or is it doomed to the Iron Law of Oligarchy no matter what happens to it?

No real right or wrong answer here, just asking.

12 votes, 0 passes \| Time left: Unlimited
	Corruption is the Feature.
	10 (83%)
	Corruption is merely a Bug.
	2 (17%)
	0 DU members did not wish to select any of the options provided.
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19 replies

= new reply since forum marked as read

Highlight:

Is modern capitalism currently experiencing corruption or is capitalism corrupt by design? [View all] HughBeaumont Feb 2013 OP

I say it's inherent as it discards other equations of value for profit. freshwest Feb 2013 #1

I think it is corrupt by design gollygee Feb 2013 #2

Of course it's corrupt at its core, but... TreasonousBastard Feb 2013 #3

"...competition can prevent oligarchies from taking over..." socialist_n_TN Feb 2013 #18

I used to think regulation was the problem. woo me with science Feb 2013 #4

If we've learned anything from the last 50 years . . . . HughBeaumont Feb 2013 #5

Norway, Sweden and Switzerland are capitalist countries. Nye Bevan Feb 2013 #6

Germany seems to be doing well too. Archaic Feb 2013 #8

Yep. Universal health care, low unemployment. (nt) Nye Bevan Feb 2013 #9

No military shenanigans, no CEOs making 300 times what their workers do, better public transport. HughBeaumont Feb 2013 #19

all systems are corruptable hence the need for regulations Johonny Feb 2013 #7

but would not that mean that the system of regulation is DeadEyeDyck Feb 2013 #11

certainly your regulatory body can be corrupted Johonny Feb 2013 #14

depends on the greed level of the capitalists in question. sharing and caring is good nt msongs Feb 2013 #10

Design is probably the wrong word. Starry Messenger Feb 2013 #12

Capitalism is not a social model nor is it a form of government. The nations that allow capitalism Egalitarian Thug Feb 2013 #13

Capitalism and democracy are two different things FarCenter Feb 2013 #15

Other nadinbrzezinski Feb 2013 #16

Humans are corrupt..every system has corruption Mr. Blue Sky Feb 2013 #17