Why capitalism is failing, according to me

Feb 10, 2011 12:04

1. The medium of exchange has declining marginal value, just like everything else ( Read more... )

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krinndnz February 11 2011, 07:44:12 UTC
The thing that I keep coming back to, is the observation (sadly can't remember the source) that most capitalists, especially the ones trumpeting the praises of the free market, would rather not be capitalists as such. They would rather be rent-collectors, arbitrageurs, and such - because actual competition is difficult and risky. The richer someone gets, the lower the chances are they they're engaged in anything useful or capitalistic as such, and the higher the odds that they're actively preventing the capitalist model that they espouse, from functioning the way that they claim it should.

In such circumstances, why practice capitalism at all?

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