I don't know if anybody else is noticing, but China recently depreciated their currency in lieu of Ecnomic difficulties theyre having over there. In response to this Markets around the globe are dropping points like its going out of style. Triple Digit drops the last two days on the DOW Jones, including 500+ points today, the first time this has happened since the "Great Recession". It seems people are really worried about China's feasability, because they're a major creditor for the USA, manufacturer of goods worldwide and a huge consumer of Energy.. What does this mean for the future? Just an idea of what's to come? Been hearing rumors of another collapse happening sooner rather than later. Analysts say a correction will happen to bounce things back. What I do know is that with the Government and Business so heavily involved with one another, that catastrophe is always around the corner.
Its a cycle. We might have to weather another great depression in our lives possible even in the next year or so Not gonna lie, its worrysome -Yuri
Old Janet Yellen can't raise interest rate next month. That's ten years without an interest rate hike. The fed is out of arrows.
I wonder why the markets are so fickle, I mean really dont we have another system we could use? If a large enough asteroid had to hit china (or the US) the world as we know it would break down
The current system has been in use and evolving since like 300-400 yrs ago. May I suggest going back to the Tulip market?
There are natural ups and downs in any capitalist system. China devalues their currency and so does the US. The Fed is constantly raising interest rates too.
system? We use the best "system" ever conceived. Its called evolution aka capitalism/free market. Its dictated by the laws of supply and demand (natural selection) Actual "systems" like communism have shown to be unable to predict and supply the needs of society, because it always requires central planning by humans. A global free market allows competing buisness to evolve to meet humanities needs -Yuri
alternative to what? Our "system" literally is that alternative. Capitalism has always proven to work for a very simple reason. Because it uses the law of evolution to ADAPT to societies needs. There is no way humans who are fallible can actually run and entire civilization effectively -Yuri
Dunno much about economics but Is it really the best we can do? I remember watching Zeitgeist and that old guy was suggesting some system if forgot what it was
the thing tho is that ANY system we use will be flawed because humans are flawed. You literally CANT expect humans to be able to control everything. That's why capitalism has always won. Because it utilizes adaptation over planning -Yuri
Zietgeist is sensational garbage. I'm pretty sure he advocates socialism in it. Capitalism is the best system we have.
Absolutely. The term "capitalism" I believe was invented by Karl Marx, so that tells us something. And because of our Marxist schools, media, and establishment in general the word has been demonized. Probably 3/4 of the posters on GC think it's evil. All it means is economic freedom. The only time economic freedom doesn't work is when the state interferes with it. I like freedom, what's left of it anyway. The banking system was the most tightly-controlled industry in the US, now the health care system is (or will be). How are they both working? Computer and electronics technology has very little state interference. How is it working?
I don't think capitalism is inherently evil although I cringe when I hear people say shit like that. I think in certain markets like health care and education the free market has a lot of inefficiencies and is better suited in the public sphere. Things like externalities, price inelasticity, lack of competition, and unknloweldgable consumers makes certain markets like healthcare inefficient when left to the free market, in my opinion. I agree though many have been brainwashed to blindly dislike capitalism without understanding the economics behind it or any sort of rationale. But there are also just as many assholes who are ignorant that believe the free market is a perfect entity and Marxism/socialism are dirty words that should never even be considered. So I think it's unfair to say that one side of the issue is demonized blindly because both sides on political issues do that bullshit all the time. Just look at Bernie Sanders. People are literally scared of the fact that the guy calls himself a democratic socialist, even though his actual policies are not socialist. He believes in private property and most markets to remain free. He just believes we can provide healthcare and education for our people, yet suddenly that means he's like Stalin in a large chunk of our populations eyes. The thing is ACA was shitty legislation, but it is by no means a single payer system so to compare it to a single payer system can't be done. We've never tried a single payer system modeled after other countries that have had great success even with lager populations. I would say it's pretty clear that if a system is set up well like in most countries that have free healthcare that people prefer that system over a private market. So to me it seems very silly to imply that government control is inherently bad. Government control is bad when the system is set up poorly but that doesn't mean we can't make the system better. That's just my .02 at the end of the day.
India proves your opinion about free market healthcare wrong an article was posted here not too long ago about a doctor in India trying to settuo a heart bypass clinic where he could perform bypass surgery for under a thousand dolars (compared to tens of thousands in America because of regulations) That's why all the Indian doctors come here, because they want the government to allow them to charge tens of thousands for services -Yuri
What about that one time in 2008 when it failed entirely and there was going to be no lending or credit anymore, and people were losing their homes and houses were barely worth the material in them, if you could even find someone to buy one despite the fact it was a great time to buy real estate. So yea about that federal intervention, I guess those comfortably on the right conveniently forget about that so their opinion can hold water. Oh and things were so great prior, housing prices were becoming astronomical and unaffordable.
I'm getting tired of repeating this stuff over and over, but I'll do it one more time. Healthcare HASN'T been under the free market for several decades. Neither has education; the schools are all government schools and have been for a century or so. When I was young, the health system was about as free market as you can get. And guess what? It was affordable, and it worked. People didn't sit around and talk about it because it was not an issue in our lives. We had "hospitalization" insurance, which covered the big things like surgeries, expensive tests, etc. -- which is the purpose of ANY insurance, to cover the big things. Everything else was paid for out of our pocket, and that's what prices were based on -- people's ability to pay, just like anything else in any free market. Today the prices are based on what an insurance company or government agency will pay. The end consumer is completely removed from the actual costs. Having no market resistance, prices will rise. This isn't rocket science to figure out, and this is why I keep saying this country is so fucked. The masses are generally clueless about basic economics. The government and its schools would rather you didn't know, and instead they teach you that the free market is evil. "Only the government can save you from the evil capitalists." Hahahaha, hello Karl Marx. Gradually, bit by bit, the government started "regulating" the health industry and predictably (which is easy to do) it has become a costly, inefficient, bureaucratic mess. And it's going to get worse as government control approaches 100%. When I was a little kid I remember my mother taking me to the family doctor. The receptionist was the nurse. Her and the doctor were the only people who worked there. My mother paid cash when we left and that was that. No government, no insurance company in sight. It was no more complicated (nor expensive) than going to the shoe store. Look at the fucking clerical, unproductive mess at any doctor's office today; most of it is to comply with insurance/government regulations.
are you trying to.argue for the free market? Or against? Because these examples are the direct result of foul play between government and lobbyists not freedom in the market -Yuri
HAHAHA, the banking system has been under STRICT GOVERNMENT CONTROL for decades -- LONG BEFORE 2008. It didn't fail because of the free market, it failed because it was highly regulated by the government. Jesus christ, you kids have got to do some research and learn something. Although it doesn't really matter because you're going to lose the few freedoms we have left because it is -- obviously to me, anyway -- too late. And the sad thing is you don't even know what freedom is because you've never known it. I'm going to re-publish this book myself, and all I'll have to do is just change the names to show Americans instead of Germans. They Thought They Were Free: The Germans, 1933-45">.</a> The country, and this thread, are yours. Good luck, you're going to need it.
How much does health insurance cost on the government health scheme for say a family of 4 ? I know being the US it will differ from state to state but ballpark even. I worked with a group from Mumbai recently. Really nice people. Loved to party. They all spoke about the two sides of India, the booming educated new power and the sheer poverty and deprivation.