06-15-2011, 05:42 AM
(06-15-2011, 03:17 AM)DeeBye Wrote: Why can't it be a balance between the two?There has to be. You always hear the talk about how communism failed and capitalism won....but people forget that is up till now.....and has only worked out well for us in the west.
Capitalism, since it was 'invented', say in the 17th century, is a model that needs an endless supply of raw material to increase consumption and let the economy grow (together with population increase to fuel the extra consumption) That worked great for the dutch because we just emptied out Indonesia. It has worked great for the west up till some time ago because we were able to leave the largest part of earth population in poverty.
It will not work anymore now that more and more people in the bric countries for example get richer and want to consume as well.
Capitalism will need to drastically rethink it's methods. First and most important is including the cost of using earths resources in the price of the things we pay (so on top of the supply and demand number).
The capitalism that we know of and think is the best system will not work for a closed box such as planet earth once the number of inhabitants gets too big.