Originally Posted by
line052
We dont have Capitalism anymore - we have Crony Capitalism which only suits the elites, which is the reason why it exists. I am always amazed at the lack of understanding what Capitalism isn't and what Free Market Capitalism is supposed to be - no government intervention in free markets.
JBen - what strikes me from you (in this statement: "Capitalism as we know it is a failure") and I consider you very knowledgeable, on FIAT Banking, Fractional Reserve, and the Loss of the Gold Standard and actually how money is created without physical asset backing anymore.
To make that statement "Capitalism as we know it is a failure", is either a lack of understanding the difference between "what is" and "what it was intended to be".
So we have Crony Capitalism - not free market capitalism and crony capitalism is the problem - which was created due to protectionisms (National interests, job protection, ect,ect. All pollical tools used for elections - I.E. state controls). This is Crony Capitalism is failing.
SO that leads to question, what do you replace it with - the OP says Carney suggested "marshalled to help discover and drive solutions in a form of mission-oriented capitalism”. So we might call “sustainability” . Well lets analyze what that means - Private ownership of businesses be taken over by government to remove the evil greedy capitalists from making profits, being evil and greedy - they must be the problem. Further socially, we should share collectively in the wealth of companies..to help the less fortunate (Socially acceptable, get votes, makes you look great - politics)
All the communist take over of any country, used all those enemies, wording, and causes to enact socialism, communism, or democratic socialism and in the end the people suffered.
So in your agreed and utopian idea - will the owner of current corporations start getting paid less, will the global elite start living within their (new) means, will they give up all their wealth to be more fair and equitable...Or will the just fold into state ownership of all means of production - which is the goal - and be part of elite who control it now, and influence goverments.
You see until people realize that the problem is state interference in the Free Market, ownership of all your rights, means of production and private property...the only path is exactly what you decide and Mark Carney are describing...and it will happen. This is the last shot to stop it, there will be no chance after the next 5 yrs, without a full revolution of the people rising up against state tranny.
People should look up useful idiots in the steps of communism and they are eliminated after helping to install it.