does capitalism work?

Question

as it work i mean is it able to survive. and please do not confuse democracy with capitalsim. if you think they are they same i suggest you go back to middle school.

i mean does this system work. where and when was the best example of it working?

and yes of course i know of other countries and other systems more insane then are own. but i'm just asking about this particular one.

and don't say it works in theory. becuase anything works in theory.
even your mom...

Answer 1

No it does not.



Capitalism, and the imperialist system that develops upon its economic foundations, is the main cause of human poverty, exploitation, violence and suffering in the modern world. As a system of socio-economic organization, capitalism long ago exhausted its historically progressive role. The blood-drenched history of the twentieth century – with its two world wars, innumerable “local” conflicts, the nightmare of Nazism and other forms of military-police dictatorship, eruptions of genocide and communal pogroms – is an unanswerable indictment of the capitalist system. The number of victims claimed by capitalist-inspired violence runs into the hundreds of millions. And this figure does not include the consignment of the peoples of entire continents to unrelenting poverty, with all its attendant miseries.

All efforts to raise the living standards of the working class and address serious social problems run up against the barrier of private ownership of the means of production, the anarchy of the capitalist market, the economic imperatives of the profit system, and, last but not least, the insatiable greed and money-madness of the ruling class itself. The claim that the capitalist market is the infallible allocator of resources and the supremely wise arbiter of social needs stands utterly discredited amidst the endless series of speculative scandals and multi-billion dollar bankruptcies that have rocked the world economic system during the past decade. The boundary lines between “legitimate” financial transactions and criminal fraud have narrowed to the point of being almost invisible. The separation of the process of personal wealth accumulation from the production and creation of real value is an expression of the general putrefaction of the capitalist system.



The solution to the spreading economic crisis and the deteriorating social position of the working class lies not in the reform of capitalism, for it is beyond reform. The crisis is of a systemic and historical character. As feudalism gave way to capitalism, capitalism must give way to socialism. The key industrial, financial, technological and natural resources must be taken out of the sphere of the capitalist market and private ownership, transferred to society and placed under the democratic supervision and control of the working class. The organization of economic life on the basis of the capitalist law of value must be replaced with its socialist reorganization on the basis of democratic economic planning, whose purpose is the fulfillment of social needs.

Capitalism survived the 20th century not because objective conditions were insufficiently mature for socialism, but rather because the leadership of the mass working class parties was “insufficient” for socialist revolution. The working class again and again entered into epic struggles. But these struggles, misled by the Stalinists, social democrats, centrist and reformist organizations, ended in defeats.

Capitalism exists today because of the betrayals of the working class by its own organizations - the mass political parties and the trade unions. “The world political situation as a whole is chiefly characterized by a historical crisis of the leadership of the proletariat.” These words, with which Leon Trotsky began the founding document of the Fourth International, remain supremely relevant as a definition of contemporary political reality. There is not a single mass organization in the world today that presents itself as an opponent of the existing world capitalist order, let alone summons the working class to revolutionary struggle. This has created a surreal environment, in which the anger and discontent of the working class is suppressed by the old, politically sclerotic organizations.

http://www.wsws.org/articles/2008/sep2008/prin-s25.shtml

" It has been objected that upon the abolition of private property all work will cease, and universal laziness will overtake us.

According to this, bourgeois society ought long ago to have gone to the dogs through sheer idleness; for those of its members who work, acquire nothing, and those who acquire anything, do not work." Karl Marx

http://www.hartford-hwp.com/archives/26/manifesto/176-2.html

Answer 2

No!..The capitalist system does not work, it never has! Reason? It opposes free enterprise! A classic example of free enterprise working, was America in the 40's 50's and 60's. even up into the 70's, then, corporate capitalism, based on sheer greed and avarice set in! Those great American companys suddenly became 'multi-nationals' the common wealth began to move offshore, money was created out of nothing! Currency speculators moved in trading billions, even trillions of dollars that never existed in reality, it was all based on 'credit' In the early 2000's and up to now, these speculators and 'fund operators' and hedge fund companys were given full access to the American peoples retirement funds, their superannuation, their life and property insurance funds, the lot!..And they got their greedy hands on it, thanks to people like Dick Cheney, {The real president of the USA} The greedy doubled it, trebled it quadrupled it, more and more, all based on 'land and property values' and credit that didnt exist! Suddenly, others began looking to see where it all was! And found that it didnt exist, it never had existed, exept in 'cybermoney' , morgages, bad bank loans that had no value, stocks and shares based on credit or product that never existed were traded for ridiculous sums on worthless paper! Suddenly!..'BANG"! Capital failure! And this time, so bad is it, that it will probably totally destroy a once great nation! America had been in full recession for over a year before anyone had the guts to say it, and then only after Obama was elected!..No body will ever trust those wall street greedy avaricious 'phantom' speculators again! Im talking, the rest of the world here! And its something that many Americans will never be able to understand!..Greed has destroyed a great nation, and the greedy will get away with it!

Answer 3

When government does not over regulate and the companies don't get to greedy. The "free' market system is the surest way for us right now. The problem is with a democrat run house and senate, it won't happen. You still need oversight and basic regulations.

Capitalism is the most effective economic system use by a democracy or republic to produce goods and services and create wealth for the individual citizens.

Answer 4

Despite the realities of the current economic slump, Congress wants to increase the capital gains tax, increase taxes on dividends, increase taxes on gasoline and soon enough they'll throw in a breathing tax for good measure!



You can practically watch your tax bill creeping higher and higher with every passing day.



All the while, you're trying to save money to fund your childrens' college, secure your retirement, or simply try to make ends meet.



Obama will make it to where no one can afford to college or send their children. Socialism will NOT allow that.



when President-Elect Obama takes the Oval Office and we've narrowly avoided a filibuster-proof Democrat Congress, but that's not stopping anyone!



First order of business? Dramatic and unprecedented redistrubtion of wealth.



But not just anyone's wealth. Your wealth! It's the "New New Deal", and it's a reality that we're likely going to have to deal with.



But there's one thing that exists in the minds of millions of Americans and small business owners: YOUR TAXES ARE GOING UP AND THERE'S NOTHING YOU CAN DO ABOUT IT!



Looking at the facts, it's hard to believe otherwise. Businesses are struggling and doing business is just going to get more costly. A trillion dollar mortgage bail-out bill has passed. Congress wants to force businesses to provide health insurance to their employees or face penalties. Not to mention the minimum wage increases and soaring energy prices.

Answer 5

Pure laissez faire Capitalism without any government involvment at all in regulating the economy will almost certainly eventually result in people dying. If you don't mind poor people dying left and right then yes it will work. In its purest form Capitalism is survival of the fittest. THERE ARE ABSOLUTELY NO GOVERMENT BAILOUTS FOR ANYONE under pure Capitalism.

Answer 6

Worked for Warren Buffett.

Answer 7

Yes it does work, but Americans have become too dependent of the government. Our government's job is to defend our country, protect our country, and keep taxes low.

Answer 8

It can, but I'd really rather see a socialist structure when it comes to human rights and public ordinances, and a capitalist business structure - though it definitely needs more oversight than it has been getting over the last... well... pretty much forever, here in this country.

Answer 9

In its pure form it leads to poverty and exploitation.



You need to make sure the people are taken care of.



That is why America has always had socialist programs.

Answer 10

Works better than any other system.

But it does fall from time to time when greed takes over the markets.

Answer 11

it wnt last long, asu can see the world economic crisis is the begiinning signs of capitalism not surviving, nxt everyone will be opting for a better solution, socialism then communism.

Answer 12

it works as long as government doesn't mix with it. it is when corporations buy politicians that you run into trouble,our problems started long ago with oil,and steel tycoons and the federal reserve owning political parties

Answer 13

we thought capitalism worked, but not for sure here lately. capitalism does work, greed doesn't.

Answer 14

I prefer socialism, even though many Americans freak out when they hear the word..

Answer 15

definitely not.



look at Cuba.



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Answer 16

Sure...IF YOU DON'T SCREW IT UP.