Comments on: Why isn’t capitalism working? http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/ Sat, 21 Jun 2014 15:30:06 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: montykohn http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-630 Sat, 04 Aug 2012 01:22:44 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-630 What really gets me are the right-wing idiots who say stuff like: Capitalism is working fine. USA is largely socialist. You must look to China, Singapore, and Korea for examples of capitalism.

China is no longer communist, but it’s not capitalist, it is a facist state. Singapore is brutal hellhole and police state – I lived there for a year and a half, it sucks. Korea is one giant sweatshop like China and if you get sick there – you are on your own – and probably cannot afford there healthcare and you will die.

Pure unfettered Capitalism kills! It’s what we have been practicing in the USA since 1981 when Reagan came to power. Government subsidies and handouts have declined significantly since Reagan. Reagan, Clinton(Clinton was a Southern Democrat, which is nothing more than a moderate Republican) and both Bushes gave us this freetrade nonsense, cut government handouts, refused to enforce anti-trade laws, took health insurance from affordable – not for profit- to a very expensive for profit scam.

We went from True Capitalism(which has rules) to unfettered Capitalism or Corporatism thanks to Reagnomics and Greenspans policies.

There must be government intervention, without it a nation is headed straight to hell. We the People are the government – especially when we all get involved. Corporations are naturally scared of government – because government makes them follow regulations. It never ceases to amaze me when right-wingers think that if we get government out of the way – corporations will do the right thing. That shows you how naive and shallow Conservatives truly are and why they want to be ruled over by an elite wealthy class of people.

I do believe the conservatives know that time is near and unfortunately their policies of the past 30+ years have FAILED and will put us in the next Great Depression. It’s not the governments fault it’s unfettered Capitalism!

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By: mulholland http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-608 Mon, 16 Jul 2012 00:27:27 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-608 Capitalism is working fine. USA is largely socialist. You must look to China, Singapore, and Korea for examples of capitalism.

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By: StanO423 http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-598 Wed, 20 Jun 2012 17:31:43 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-598 There is so much economic ignorance in this country it is truly shocking. High School students should be required to not only take a class in business/entrepreneurship but Econ as well.

It is IMPOSSIBLE for a corporation to be “greedy” at least in the long term. You charge too much people don’t buy your products, pay your employees too little they quit and you get lousy employees and then lousy products. The only way a corporation can cheat the Invisible Hand is through government intervention.

Even breaking the law doesn’t work except in the short run, all these stupid movies that always portray pharmaceutical companies trying to sell bad drugs! Why would they ever, ever do that? It is not only unprofitable, but potentially devastating in the long run.

What does anyone care about the 1% for? Care about your own 100% instead, how much are you paid? What can you do to better your situation?

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By: ZENmud http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-587 Wed, 13 Jun 2012 19:12:57 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-587 I invite anyone who pretends to know that what the USA needs now, is ‘more free market’ in our markets, to go to the World Capitals of FREE markets: Somalia, Liberia, Iraq, Niger

Free markets mean ‘no (or minimal) government interference’ and no educated person wants that.

Free markets mean: no laws on child labour, no laws on environment and pollution, no ‘minimum wage’, no employee protections, no ‘Truth in Advertising’.

We all know who wants such a regime.

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By: AlkalineState http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-524 Fri, 27 Apr 2012 23:14:52 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-524 Capitalism only works if you drop the notion that corporations will adequately police themselves. Too many politicians believe such claims from the corporations.

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By: Backintheday http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-465 Mon, 23 Jan 2012 15:12:36 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-465 We need a flat tax, where everyone pays the same percentage.

Stop de-motivating the poor to work and instead strive for more. Why, for instance, are we subsidizing the rent that the poor pay to as low as $25.00 a month and giving food stamps and healthcare, while many of them sit home and do not work? This is not a structured society, but rather an experiment in irresponsibilty.
We also need to understand that it is an oxymoron to tell someone “get an education, work hard, be successful, then we will hate your guts because you achieved your goal and now make much more than we do. Not everyone is college material, but everyone (except the old and truly disabled) can bring something to the table.
We also need to school the 18-29 group that “you don’t start out making what mommy and daddy make and you don’t start out having everything they have worked for years to accumulate.”
Society will continue to disintegrate if we continue to permit lack of accountability.

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By: WouldChuk http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-464 Mon, 23 Jan 2012 11:24:31 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-464 Yes. The “Medical Industrial Complex” (is guaranteed 15% of GDP – just ask the Board of Standards and Practices), and the “Educational Industrial Complex” is like funding Conestoga Wagons rather than high speed rail–meaning the system is way too old and out of date–see Khan Academy “online” for a refreshing difference. And we’re still buying books and writing on chalk/err marker boards. And the “Welfare Industrial Complex” is full of graft, especially from the Medical Industrial Complex (LOL) but then they do have a 15% of GDP guarantee. Then as Eisenhower warned us 50+ years ago… the Military Industrial Complex. Don’t let me forget to include the Legal Industrial Complex too… well, I’d say that if the “largess” of all the “complexes” above were accounted for, we’d probably have a “surplus” rather than deficit today?? And, Buffet recently said, I heard it myself, “2000 and the 400 richest families made $50M each and 2010 they made $350M each. Hmmmm ditch the Welfare complex and we can give the 400 another $100M each and I bet then they would be even more motivated to create less jobs??? This is really all too simple–the richer have gotten a lot richer (no trickle down) as the poor a lot poorer. But don’t you dare RAISE taxes, uh oh, except on the poor. RepubTEAlicans so do remind me of the “Keystone Cops” and I guess you know how old I am, but still recall when my corporate job was sent to India in 2001.

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By: FoxxDrake http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-463 Mon, 23 Jan 2012 07:47:10 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-463 Why is this article still up?
Why hasn’t the great OZ fixed it yet?

Why isn’t capitalism working?
Because it’s thoroughly corrupt…
Because money and power want profits without risk…
Because the dice are loaded…
Because the gated community is closed…

Because the little guy (in the minds of the money and power) is a little person, from the little people with no bargaining power and no need for it.

…And the simple fact is, that when the game is rigged, the only winning move is not to play.

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By: Boston-Tech-99 http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-462 Mon, 23 Jan 2012 00:45:00 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-462 Reading prof. Summers is like listening to a wise man whose mouth is full of marbles. He seems to be saying important things, but you don’t have the foggiest idea of what he is saying.
I’m reasonably intelligent, but after reading the article and going over some of the parts three times, couldn’t find a *single* insightful statement. Go-ahead. Read the article. Look away. Now try and write down a single interesting insight …
Sadly I wonder if prof. Summers is more interested in lining-up his next job (head of World Bank?) than educating us about what he actually means or knows.

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By: Larry001 http://blogs.reuters.com/lawrencesummers/2012/01/09/why-isnt-capitalism-working/#comment-459 Sun, 22 Jan 2012 16:24:17 +0000 http://blogs.reuters.com/lawrencesummers/?p=132#comment-459 The answer is simple — get government, and their stupid policies (aka the Community Reinvestment Act and Fannie and Freddie), and other forms of Crony Capitalism, out of the way…

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