CAPITALISM HAS FAILED THE WORLD

[Free Market Capitalist]

It's your brain that's failing you, no matter how much you refuse to admit it. Keep it up, and you'll stay poor and bitter your whole life.

Yesterday you started this topic where you claimed corruption and war are not the major threat to our economy, instead you shifted the blame on billionaires and you were corrected by some experienced users: https://bitcointalk.org/index.php?topic=5599681.msg67338852#msg67338852

And you have come yet again with another new frustrating topic.

And instead of going to that thread to reply to the comments, he has to start another garbage thread.

I guess someone here is also frustrated. Please do more reading. I'm not here to say things to please you.

HAHA! So you admit yourself that you're frustrated. But you're wrong—I'm not. Keep it up—by blaming billionaires and capitalism instead of getting off your ass, you'll stay poor and bitter for the rest of your life. Besides, I seriously doubt you've read even 1% of what I've read on economic theory, but you just stick to your ranting and your bitterness.

[lovesmayfamilis]

OP, you obviously spend a lot of time on social media.

And yes, the claim about the eight people who own the world, which you took from the Oxfam report "An Economy for the 99%", is incorrect , this has since been corrected (yes, yes, I went online to check). I'd suggest you provide sources, since it's doubtful that you wrote this speech yourself: the rhetoric is very similar to Oxfam's, and such posts or manifestos often appear on social media.

[gracreavix]

Are you kidding me? out of all the rich men in the world, you can only identify 8. What of the thousand millionairies capitalism created. Are you going to sweep that under the rug? Capitalism gave men a fighting chance to become wealthy. Unlike the days of the old were wealth and power was passed down to families through birth and marriages. I don't want to conclude, but you seem to be struggling for you to post this thing. If you were among those rich people, you won't be saying all this. Become very rich first let's see whether you will be saying things like this.

[Alpha Marine]

Whoever it is that started the socialist and communist propaganda succeeded because a lot of people now believe the world would have been a better place with communism, but none of them calms down to really look at what the alternative is.
You people think asking for a better life means "socialism". That is not what socialism is.
Socialism would not simply make your life better. I'm not even going to talk about communism because it can't work in any country for the long run. Socialism is still going to be run by men, and men can be corrupted and greedy in whatever system they operate in.
Even the Chinese who claim to be a communist party are not operating in a communist system. They don't even use a complete socialist system.

(1) It creates wealth, but for who!! Look at the world today, 8 men own more wealth than half of the world combined, in Venezuela we hear and see oil flowing every day, but the people who live on that oil cannot even afford to drink good and clean water, that is not success, that is theft legalized by economics. Capitalism says "work hard and you will succeed." Tell that to the farmer who works from 5am to 7pm and still connot feed his family. While one CEO earns his whole years salary in 10 minutes. Hard work is not the problem, the system is.

You are just decribing a system where the rich and powerful benefits and that is every system.
The USSR was a socialist state, but things were exactly like this. Only the rich benefits from a socialist system too as long as there is corruption. A different system doesn't automatically take away corruption and greed.

(2) It destroys the plants for profits!! Capitalism only cares about profit not people, companies cut down Forests, pollute our rivers and warm the planets not because they have to, but because it is cheaper. When the plant burns, they will not suffer, they will buy air conditioner,  buy clean water, and fly away. But we will suffer. A system that kills the earth to make money has failed.

And this will not happen in a socialist state?

(3) It turns humans into products!! Under capitalism, you are not a human being, you are just a customer or a worker. Your health is business, your education is business, your food is business. If you have no money, you have no value, is that successful world? A world where sick children dies because his mother cannot afford hospital bills? That is not freedom, that is cruelty. They will say "give us another system". We don't need another system today. We just need to admit that this one has failed. Capitalism has not only lifted the world, but it has looted the world.

You've not made any point to really show how capitalism is the problem. You have only been able to show how politicians are not doing the jobs they were elected to do and that make the lives of people better. Again, this won't automatically be different in a socialist system. Corrupt politicians will still be there. Greedy people would still be in government, and they will handle the economic system. They will prioritise themselves and neglect the common people.
So instead of simply pointing fingers at capitalism, we should do our job and make sure politicians don't have room to relax. We are their bosses (in an ideal world), and we can tell them how we want them to act.
Instead, we are focused on parties and allowed to be deceived.
A billionaire is not my problem. My problem is my local politician who has refused to make sure the hospitals are working effectively, and the costs are not that effective. It is my senator that doesn't care how much education cost.

[Oluwa-btc]

Stop blaming the government, I've never seen smart people putting blame on the government, same as those rich and wealthy people, they don't care, instead of blaming them why not blame yourself?

See how fast you will change,  blame yourself for been the weak one, blame yourself for not finding a way out of the mess, start challenging yourself, there are many skills people can learn but it takes a bold heart to take action.

I have got to know that even if this world is better than what it is right now there will still be many people throwing blames around,  accountability is something that people don't have anymore, it's now more scarce than piece of Gold.

I dislike this idea of blaming yourself. You can still do everything right and get fumbled under the same system. What is the role of the government if not to create stability and order? If not to make live easier and affordable for it's citizens and people, ehh?!

So much will change when the economic structures directly influences and supports the society needs. The government amd system can mot function without the people and consumers and when these consumers do not get an easy life to thrive, doing multiple jobs will not even save them from possible crash. It is my believe that people are doing too much work to see them thriving, but the system doesn't support growth that way, you have to do some this and that to break out. Sad reality, too many people can not function this way.

[stompix]

In general, by 2050, capitalism will either become unrecognizable to us (it will change, adapt, evolve) or it will disappear (this is the approximate boundary according to Wallerstein).

Capitalism doesn't need to adapt or to change or to do anything!
Capitalism is not a form of government or anything else, capitalism is just the natural order of things!
Your money, your decision, your stuff not someonelse stuff!
You have money to build something you do!

Bitcoin is the pure essence of capitalism; you have money, you can buy Bitcoin,you don't have money, there is no Marx giving you somebody else's coins!
Capitalism is the only system that doesn't need to be enforced in a society; it comes naturally!

It will disappear because it will destroy itself. Either in the way that Nouriel Roubini expressed his concern in 2011 in the article "Is Capitalism Doomed?": "Karl Marx was right, it seems, in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".

Oh Roubini, the guy who actually predicted the last crisis correctly.
Capitalism, a natural order that existed for 10 000 years at least will be destroyed because a stupid guy with no economic background predicted so.
Lols!

I dislike this idea of blaming yourself. You can still do everything right and get fumbled under the same system. What is the role of the government if not to create stability and order? If not to make live easier and affordable for it's citizens and people, ehh?!

Easier to blame the West for every shit you created and you sink it, right?

[Merit.s]

Who practices capitalism, is it not humans. Whether you like it or not, there must be poor and rich people in the world because all fingers aren't equal. It's left for you to choose where you belong to and work hard towards achieving your goals.

We put blame on the government but have you checked yourself very well and work on improving yourself in order to add more value to the society. Sometimes, it's not the government that puts us in a poor state but our mentality. If you want to rely on the government alone, you will stay poor for the rest of your life.

[HajiBagi]

Be it capitalism or socialism, just make sure you are surviving and do not think like common men. Instead of blaming the system of government, it is better you put more work on your own self-building.

You can not change which one your country is practicing now, but you can have a better future by facing the reality than blaming.

There are many rich people in a good capitalist country.

I agree with you, no matter how bad the country is a wise man must survive, we can not blame the government without not putting our own efforts to survive, there is no country that people are not struggling, but as a citizen you should know how to survive, people we see and think they are doing well are not different from us, they are also suffering but they did not blame anyone for their struggle, they work hard to tell the government that they can stand on their own even without their support, work on yourself and stop blaming others for your laziness.

[SUPERSAIAN]

Whether the existing system is capitalism or socialism, the point is not to criticize it, dwell on its flaws, or complain about them. Some people know only how to complain if, instead, they were to turn inward and focus on themselves, these concerns wouldn't even cross their minds. Capitalism also offers many freedoms in my view, the fact that the rich become even richer shouldn't be a source of distress for anyone.

[Coyster]

It is common to find people who blame the rich and others for their financial situation, i guess it is easier to point fingers at others than to take responsibility for your own situation. Communism is not any better, it advocates for equality, but in reality what you get is an authoritarian government, lack of innovation, limited growth and a system that encourages laziness.

There is no perfect economic system, but capitalism works and that's why it is adopted in nearly every nation of the world. And capitalism is the reason why the world continues to advance, in technology and other whatnots.

[Donk1]

​Well all I have to say here is that the economy is run by the government, which makes up a system. But then we individuals, also have our own system outside the system of government, which is our personal life. Because no matter the decision they make, we cannot do anything to change it. Basically they believe that's what is best. Even now in most countries, public opinion is no longer needed.That said certainly the economy is unfair, and when it comes down to it, it depends on how and who is controlling capitalism. As a matter of fact like I will always say, places like Venezuela face issues due to corrupt leadership and weak laws that give a few people power. So if truly the economy wants to be true capitalism then they should start by holding corrupt leaders accountable. That's all......

[Curious T]

I look at the kind of politicians my country has and laugh when people in my country speak against capitalism. If these politicians can be so wicked and self centered in a capitalist system, I can't even imagine how they will be in a socialist system when they have control of everything. People who ask for anything other than capitalism and democracy do not think things through. They just follow the social media crowd and believe what sounds cool to believe.

Stop blaming the government, I've never seen smart people putting blame on the government, same as those rich and wealthy people, they don't care, instead of blaming them why not blame yourself?

See how fast you will change,  blame yourself for been the weak one, blame yourself for not finding a way out of the mess, start challenging yourself, there are many skills people can learn but it takes a bold heart to take action.

This is not true. Government has a responsibility. People pay taxes so that the government can use that money to make the lives of these same people easier. So, no, government has a responsibility. There is only so much you can do for yourself.

Imagine being from a country where you have to provide electricity for yourself, provide drinking water for yourself, find your own security, have a very poor health care system, no good transportation networks, and on top of this, you keep paying taxes. Mind you, when all these things are not working, it discourages foreign investors, and the local people have no means to grow and invest in their own country because investment doesn't even bring profit. This makes things even harder for the people in the country. On top of all these, you have politicians sharing the money of the country, including your taxes, amongst themselves. So miss me with the bullshit of "Stop blaming the government". It's a very stupid statement to make.

[viljy]

In general, by 2050, capitalism will either become unrecognizable to us (it will change, adapt, evolve) or it will disappear (this is the approximate boundary according to Wallerstein).

Capitalism doesn't need to adapt or to change or to do anything!
Capitalism is not a form of government or anything else, capitalism is just the natural order of things!
Your money, your decision, your stuff not someonelse stuff!
You have money to build something you do!

Bitcoin is the pure essence of capitalism; you have money, you can buy Bitcoin,you don't have money, there is no Marx giving you somebody else's coins!
Capitalism is the only system that doesn't need to be enforced in a society; it comes naturally!

You’re a proponent of non-interference by the state in the economy, right? How, then, do you explain the pension system and social benefits? This is precisely the adaptation of capitalism to new conditions. There should be no social benefits in an ideal "pure" capitalism. But there are benefits.

By the way, there should be no trade tariffs either, as this hinders free competition. Yet trade tariffs exist. All of this is part of the adaptation of capitalism. By the way, capitalism doesn’t exist without state regulation. The existence of such capitalism is just as much of a utopia as communism.

It will disappear because it will destroy itself. Either in the way that Nouriel Roubini expressed his concern in 2011 in the article "Is Capitalism Doomed?": "Karl Marx was right, it seems, in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".

Oh Roubini, the guy who actually predicted the last crisis correctly.
Capitalism, a natural order that existed for 10 000 years at least will be destroyed because a stupid guy with no economic background predicted so.
Lols!

The state is the natural order of things; trade is the natural order of things. But trade is not the same as capitalism. Capitalism cannot exist without the state and without money. Whereas trade does not need either a state or money (barter exchange in primitive tribes).

The first civilizations and states emerged in Mesopotamia in the 4th millennium BC (according to archaeological data). So how, in your view, could capitalism have existed 10,000 years ago? Maybe even the dinosaurs already had capitalism?

[ZeroVinsonN]

It would do the whole world a lot of favour if people actually moved out from spending their entire lives on tiktok, believing what every wannabe content creator who's putting things out there not because they are the truth but because those particular contents are more likely to get likes and engagement.
That's why you will find an entire generation blaming their problems on everything else but themselves, you talk about how 7 people have more money than half the world's population, ignoring the fact that those 7 people are responsible for the employment of million others, some of which are millionaires themselves and probably won't be where they are if they didn't currently work where they do.

[Oluwa-btc]

I look at the kind of politicians my country has and laugh when people in my country speak against capitalism. If these politicians can be so wicked and self centered in a capitalist system, I can't even imagine how they will be in a socialist system when they have control of everything. People who ask for anything other than capitalism and democracy do not think things through. They just follow the social media crowd and believe what sounds cool to believe.

And what do you follow?! The what? Lol. Always laughable when I see an African satanically poor defending a system which leaves you more in the same position. We're too poor to be defending a system which ensures you' remain poor, too poor also to be scared of other alternatives. Jesus Fvckn Christ! You have nothing much to lose. And how well are the politicians and technocrats in the west doing? Do thry not regulate everything all to their favor? I blame the western education and economies which is still taught as we speak to more people.

This is not true. Government has a responsibility. People pay taxes so that the government can use that money to make the lives of these same people easier. So, no, government has a responsibility. There is only so much you can do for yourself.

Imagine being from a country where you have to provide electricity for yourself, provide drinking water for yourself, find your own security, have a very poor health care system, no good transportation networks, and on top of this, you keep paying taxes. Mind you, when all these things are not working, it discourages foreign investors, and the local people have no means to grow and invest in their own country because investment doesn't even bring profit. This makes things even harder for the people in the country. On top of all these, you have politicians sharing the money of the country, including your taxes, amongst themselves. So miss me with the bullshit of "Stop blaming the government". It's a very stupid statement to make.

So if people pay money and taxes are they not owners of the money? And if goverment without no job takes money from tax payers to do something good and great for them, is that not communism?! So what is the difference between what we see in Nigeria and what we see in America where taxes are sent for foreign nations and everything. Even the Capitalism is not even working well enough from the people you take it from. Smh!