Ehh. I finally got around to re-reading this thread and it's hard to subjectively talk about "Capitalism" as it's so ingrained into the US that the whole country would have to collapse first.
But yeah. Unrestrained Capitalism, which is what we've had for as long as I've been alive (thanks Reagan, thanks Clinton, thanks all!) is an unmitigated horror. Capitalism as a concept basically relies on eating its own tail (resources) for as long as you can to make things as efficient as you can and screw the rest. The crash in 2008? Unrestrained Capitalism. Huge oil spill in 2010? Capitalism because god forbid BP fix or even acknowledge a problem that might hurt their cash flow. Our healthcare system and how pharma, hospitals, medical equipment were all made to actually make more money and not make people better? Also Capitalism. Planned obsolescence, subsidizing gas companies because somehow that keeps the price low, lifelong college loans (And believe me - every part of college is designed to squeeze money from students, not provide them with education), credit card debt, lobbying and PACs, forcing people at Wal Mart to make only enough money to where they can ONLY shop at Wal Mart are all facets of Capitalism.
Capitalism isn't going away, and I fully acknowledge that, but it needs some brakes and regulations and then some. And private companies HATE regulations because it cuts into profit margins. You don't have the wealth disparity in Socialist countries you do in Capitalist ones and the whole thing is on really shaky ground because you need a middle class to keep things running... which Capitalism cannot support because you need the cheapest labor imaginable.
FWIW as well, damn near every single poll I've seen and read there are more Millennials that approve of Socialism over Capitalism so that may be what the article refers to. It has to do with the 2008 crash obviously, and a lot of it is also the drying-up job prospects and the student loan debt crisis. And that will be a crisis, sooner or later. Capitalism loves bubbles and unsustainable systems to feed off of more profit. Sooner or later, something's gotta give somewhere. The twist was just that Communism (well, Russian kind, which is dictatorship disguising as an economic system) gave out first.
But yeah. Unrestrained Capitalism, which is what we've had for as long as I've been alive (thanks Reagan, thanks Clinton, thanks all!) is an unmitigated horror. Capitalism as a concept basically relies on eating its own tail (resources) for as long as you can to make things as efficient as you can and screw the rest. The crash in 2008? Unrestrained Capitalism. Huge oil spill in 2010? Capitalism because god forbid BP fix or even acknowledge a problem that might hurt their cash flow. Our healthcare system and how pharma, hospitals, medical equipment were all made to actually make more money and not make people better? Also Capitalism. Planned obsolescence, subsidizing gas companies because somehow that keeps the price low, lifelong college loans (And believe me - every part of college is designed to squeeze money from students, not provide them with education), credit card debt, lobbying and PACs, forcing people at Wal Mart to make only enough money to where they can ONLY shop at Wal Mart are all facets of Capitalism.
Capitalism isn't going away, and I fully acknowledge that, but it needs some brakes and regulations and then some. And private companies HATE regulations because it cuts into profit margins. You don't have the wealth disparity in Socialist countries you do in Capitalist ones and the whole thing is on really shaky ground because you need a middle class to keep things running... which Capitalism cannot support because you need the cheapest labor imaginable.
FWIW as well, damn near every single poll I've seen and read there are more Millennials that approve of Socialism over Capitalism so that may be what the article refers to. It has to do with the 2008 crash obviously, and a lot of it is also the drying-up job prospects and the student loan debt crisis. And that will be a crisis, sooner or later. Capitalism loves bubbles and unsustainable systems to feed off of more profit. Sooner or later, something's gotta give somewhere. The twist was just that Communism (well, Russian kind, which is dictatorship disguising as an economic system) gave out first.
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