State of global capitalism in 2014: The narrative

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  • Updated: January 4, 2014 - 10:24 PM

The narrative: The Cold War’s winning ideology is less than persuasive in reality.

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Willy53Jan. 5, 14 8:07 AM

Austerity is changing and accelerating these undesirable trends in capitalism. Capitalism has always needed state guidance and regulation to curb excesses of greed and the accumulation of money at the top at the expense of the masses.

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pitythefoolsJan. 5, 14 9:17 AM

Willy53: "Capitalism has always needed state guidance and regulation to curb excesses of greed and the accumulation of money at the top at the expense of the masses."

With a few thousand people owning 1/2 the wealth in the US, giving them essentially unlimited access to and influence over politicians, I'm afraid the Plutocracy is already in place. The question is what or if anything can be done about it.

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jdlellis1Jan. 5, 1411:23 AM

Critics of capitalism can only idealize other ideologies, (e.g. Fascism, Socialism, Communism, Surea Law, etc.), yet those systems do not have the legal framework to protect individual freedoms, property, etc. Americans hold dearly. Similar to piggyback Franklin's comment on this Representative Republic, capitalism may not be perfect but show (in depth) one system which is better Perfect, of course not but remember, prudent regulation is wise. However, capitalism has created a world that allows everyone reading this on their "device" to read this not to mention put the clothes on the backs of billions, feed billions, fly to Florida let alone the moon and beyond! (e.g. Individual innovation and creativity - Wright Borthers, Rhomas Edison, The Cargill's, Jobs & Gates, MLK, etc.

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fursideJan. 5, 1412:18 PM

The reason that so called capitalists of the past 50 years anyway have hated Marx not for fear that he was correct about communism; because he was not. It is because he was spot on about the inevitable enlargement, distortion of capital's import and the following collapse of corporate capitalism. treason is not in the 99%'s but in the 1%.

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tuttifruttiJan. 5, 14 1:01 PM

"With a few thousand people owning 1/2 the wealth in the US..." It's been that way since the country was founded. The owners have changed and grown. God bless America! Land of opportunity. Unfortunately, liberals want an underclass to control. This is how they retain their power. When you control peoples food, shelter and lives they continue to vote for the hand that feeds them.

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SlickrocksJan. 5, 14 1:02 PM

It's not the 99% or even the 1% that's the problem, it's the government. Holding up Greece as an example perfectly illustrates the problem -- the government, responding to the masses, promises way more than they can deliver, and the masses rebel and protest when they do not get what cannot be given. Why is anyone surprised? And with 17 trillion in current debt and something around 100 trillion, give or take, in unfunded liabilities, it is happening here too. I weep for our children, and we've done it to ourselves by electing these intransigent incompetents to public office.

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pitythefoolsJan. 5, 14 3:04 PM

tuttifrutti: "With a few thousand people owning 1/2 the wealth in the US..." It's been that way since the country was founded."

Completely false. Only in the most recent 100 years has wealth disparity been this high in the US. And it's not the disparity that is the problem. It's the concentration. In no time of this Country's history has that wealth been concentrated in so few hands.

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