(10 September 2012, 22:10)Tibbs735 Wrote: We are not in a capitalist system atm. What we are experiencing is "Crony Capitalism." There are no bailouts in real capitalism, if you go under, others take your place, in a Darwinian fashion.
not sure i really agree mate, in our hyper connected world, a few companies or countries going down drag all the rest with them, therefore its in a well connected companies interest to preserve the other companies it has ties with, even if that means bailing them out for instance theres a core group of hyper connected companies about 1200 of them total that control something like 95% of the wealth of the world, with a further 140 being the main players in this group, if any 1 of those 140 companies crashes the entire economic system would collapse, and thats in no ones interest is it?