Zophman Loc: Northwest

Interesting and informative OPED on the current state and reasons for the current crisis capitalism faces. Can we fix it? How? Should it be fixed? Replace it with what?


http://time.com/4327419/american-capitalisms-great-crisis/?xid=emailshare

davefales Loc: Virginia

Interesting article. Thanks for sharing.

IMO: financialization = gambling. Talented/manipulative Wall Street types armed with sophisticated computer algorithms anticipate the (gambling) moves the unsophisticated Average Man will make...and generally take him to the cleaners.

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

While much of this article is probably correct, the causes are not fully explained if at all. The causes can be summed up 2 ways. Government control and regulations and by current systems of very left leaning educational systems. For decades the educational instutions have falsely taught slanted versions of history so that the average UNIVERSITY graduate knows virtually nothing about how government works. They know false versions of history slanted by the liberal teachers union. They don't know that Socialism, fascisism and communisism, are different, only in terms of degree. They don't know that capitalism ha brought more wealth to a greater percentage of the population than any other system in the history of mankind. As a result of increasing governent control and stifiling regulation money (primarily dictated by the federal reserve) money will go to where it is best rewarded. Business people are not stupid. They will work around and through the laws and regulations for their own benefit. As a result financial institutions have become bigger and stronger under Obama than before Obama.As a result we just may be in a bigger "bubble" than before. Which just may lead to a bigger financial crash that the crash of 2009. A situation that many financial experts have predicted.