Comments on: Raghuram Rajan on what makes a successful capitalist society http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ARJTurgot2 http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/#comment-807 Mon, 27 Dec 2010 16:28:55 +0000 http://blogs.reuters.com/chrystia-freeland/?p=645#comment-807 Rajan’s thesis on the U.S. economy works best if you don’t dive into the details.

Core to his argument is that income disparity is caused by the failing U.S. education system. Except that in the case of the highly documented abuse of the H1B program there is overwhelming evidence that even where there is an abundance of educated qualified applicants, U.S. employers are simply breaking the law to force down wages.

It leaves you pondering why Rajan, who both directly and indirectly benefits from the abuses in that process, fails to even remotely consider them in his analysis.

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By: Mireu http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/#comment-760 Sat, 11 Dec 2010 02:28:10 +0000 http://blogs.reuters.com/chrystia-freeland/?p=645#comment-760 What part of capitalism is most sick and unhealthy? Is it natural, human, social capital, infrastructure or the financial capital? It is the last one that has become cancereous, speculative and parasitic. Is any Nobel prize winning economist giving any serious attention to diagnose the root of the problem (like centralized privatized fractional reserve banking or money as debt) let alone fix it?

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By: cosmicinsight http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/#comment-746 Wed, 08 Dec 2010 23:36:39 +0000 http://blogs.reuters.com/chrystia-freeland/?p=645#comment-746 Capitalism will be an ideal system only if it operated in a level playing field where everyone in a corporation could reap the harvest of profits equally and went down together bearing the losses as per their fare wage structures determined by independent boards and subject to scrutiny and regulation.shareholders will be natural winners as the element of risk will be curtailed by the quality of info that went out to the public.
Capitalism as we have come to experience is a corrupting force that preys on the body politic of the land its laws and policies which then renders the governing and welfare of the electorate meaningless and helps in the concentration and transfer of the nations wealth in the hands of speculative few,leaving the system in shambles and requiring help from the rest of us serfs.

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By: loguealator http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/#comment-744 Wed, 08 Dec 2010 21:47:14 +0000 http://blogs.reuters.com/chrystia-freeland/?p=645#comment-744 A broken model will always be a broken model. Our leaders were dead wrong that our economy was healthy in 2007, but little economic thinking has changed. The failure to regulate private sector irresponsibility, and malfeasance has been extremely well documented as the cause of our economic debacle. Tragically, both parties still look to Wall Street for support. Independent Congressman Bernie Sanders sponsored an audit of the Fed that recently revealed the extent of the international pyramid scheme our leaders helped Wall Street to rebuild.  As Reagan said, “There they go again.” We are repeating a proven formula for breeding locusts.  

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By: Mott http://blogs.reuters.com/chrystia-freeland/2010/12/07/raghuram-rajan-on-what-makes-a-successful-capitalist-society-equal-access/#comment-734 Wed, 08 Dec 2010 15:06:23 +0000 http://blogs.reuters.com/chrystia-freeland/?p=645#comment-734 At fundamental level, capitalism with good sense of social responsibility is deemed healthy with the hallmark of gradual prosperity and sustenance for the long term.

As the fruits of capitalism corrupt the goodwill over time, capitalism takes on an ugly-head of greed in the form of ever increasing profits in shorter timeframes at the cost of – public health, environment and global balance. This is the form of corruption that we see today and the polarity (of rich and poor) is its signature that brings down a great developed nation to its knees (in terms of senseless compromises).

Krugman seems to be much in favor of this type of capitalism that broods polarization and is not sustainable for the long term.

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