"Capitalism has a bright future full of innovation and hope"

[SovietCommie]

According to this article...

Capitalism has a bright future full of innovation and hope

Where others see doom and gloom, I see a bright future full of innovation and hope. I've been called an irrepressible optimist or worse, but I believe that we live in a time where business has the potential to solve the world's toughest problems. Keep in mind that I'm not writing here to whitewash the problems of business. Capitalism may not be perfect, yet it is the greatest system of social co-operation ever created thus far. Capitalism works because entrepreneurs and managers figure out how customers, employees, suppliers, communities, and people with the money all can cooperate to benefit. Competition is important but it is a second order property that gives people more choice in a free society.

Full Article: www(dot)theguardian(dot)com/business/economics-blog/2014/jan/06/capitalism-bright-future-innovation-hope


What they fail to acknowledge is numerous flaws in capitalism. Corprate greed and corruption is one. The banks, however, are another matter altogether, and this is where I think capitalism has hit a roadblock. The government has intervened to save many of them, and now, these bailed out banks want to hand out billions in bonuses to their non-performing employees. Capitalism gave way to welfare economics, and now the government has to intervene further to limit these looters from behaving badly by imposing taxes and regulations. A whole messy cycle that brings me to the core “bug” in the system that Ayn Rand once said, fully and completely. Not to mention capitalism inevitable leads to imperialism and even fascism (that I'm sure most of you know).

[adipocere]

I enjoyed the tone of the article. I have been noticing lately that these requisite editorials extolling the virtues of capitalism have become defensive. This one in particular is pleading even.

[Niccolo]

“The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas.”

― Karl Marx, The German Ideology

[Luisrah]

Yeah. 10 million dead every year from hunger.

Lets just wait and trust that business will solve that problem.

[Sea]

Of course it does. That's what communism is.

[The Fonz]

If their is no alternative and this(capitalism) is as good as it gets then why even write a article like this? If anything i think articles such as this one should be viewed positively because they feel the need to justify and elaborate their views about capitalism and defend it. Ive noticed more articles like this in the past year or so. For example, if you hear a neo-liberal talking you would have to almost force them to even acknowledge that the economy is capitalist. Apparently some of the defenders of the existing social order are afraid some people dont think history has ended.