capitalism, by definition, is a stupid and foolish human system
POSTED BY: 1kiki
UPDATED: Monday, January 13, 2025 18:50
VIEWED: 28147
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Capitalism happened to be the best of a bad bunch if you're rich. If you're not, then your money goes to supporting the rich in the style they enjoy, and furthering their plans to get even richer.
SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.
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Quote:
Originally posted by chrisisall:
I prefered the sidebars where possibilities were explored.
The media and politics have died off to the lower forms, its all radical left, radical right, wacko race or tribal ideas, politics are backward now
and people are starting to listen to the doomsayer economists again
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Quote:
Originally posted by SIGNYM:
No, you missed the point:
ELECTRICAL GENERATION IS OWNED BY THE CHINESE GOVERNMENT. Not "some", or "most", but ALL. Petroleum purchase and refining, and petrochemicals. Banking. Transportation. The state-owned enterprises (SOEs) comprise the backbone of strategic, heavy, large industry, and when you add provincial and city ownerships, it rises even more. Furthermore, China seems to be reversing course on its liberalization policiesQuote:
A new shorthand has entered common parlance: guojin mintui, meaning the state [sector] advances and the private retreats. It seems to suggest that the state sector's share of the economy is growing, which it is not; non-state businesses are in fact prospering. But the government has been muscling in on business in a variety of ways. It has been tightening its grip on some industries it considers “strategic”, from oil and coal to telecommunications and transport equipment. It has been devising market-access rules that favour state firms. And to the chagrin of private businesses, it has allowed state companies to remain active in a surprising range of palpably non-strategic sectors, from textiles and papermaking to catering. In recent years property development has become a lucrative sideline for government businesses. “The tentacles of state-owned enterprises extend into every nook where profit can be made,” writes Zheng Yongnian of the National University of Singapore.
Of 42 mainland Chinese companies in the Fortune 500 list of the world's biggest firms in 2010, all but three were owned by the government. Carl Walter, a Beijing-based investment banker, said in a recent book that getting as many companies as possible into that select group was a matter of deliberate policy. China's own list of the 500 biggest Chinese companies spans 75 industries. In 29 of these not a single private firm makes the grade and in ten others they play only a minor part.
http://www.economist.com/node/18832034
Is it capitalist economy?
China's shadow banking system will soon begin to suck money out of the country's economy at a mind-bending rate, according to analysts at HSBC.
The parasite
The WMP problem is now so huge that it's starting to suck up cash lying around in the Chinese economy like a horde of locusts. Economists use "M2" to describe the part of an economy's money supply that includes cash, checking deposits, and what is known as "near money" — extremely liquid assets like savings deposits, money market mutual funds, and other time deposits.
HSBC points out that M2 growth has settled in around 12% to 15% a year over the last few years. It was 20% while the economy was growing faster. WMPs, HSBC analysts estimate, are growing much faster than that.
"What that means, quite simply, is that money is flowing into WMPs faster than the pace at which it is being created, implying that liquidity is being sucked in from the real economy," the analysts wrote. "In our opinion, the sustainability of such a situation is questionable, and this is potentially one of the key factors that could trigger a systemic risk event down the road."
http://www.businessinsider.com/china-shadow-banking-sucking-cash-out-o
f-the-economy-2016-6
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is it true Capitalism or Fake?
So can't run a Subway Train or Hospital
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David Cross: Why America Sucks at Everything
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